First Trust Portfolios launches ETF

The First Trust Dow Jones STOXX Select Dividend 30 Index was launched as an exchange traded fund.
AUG 30, 2007
By  Bloomberg
The First Trust Dow Jones STOXX Select Dividend 30 Index was launched as an exchange traded fund by First Trust Portfolios LP and STOXX Ltd. on the American Stock Exchange today. To be included in the index, which measures the performance of the 30 highest dividend-paying stocks relative to their home markets in Europe, stocks must have a positive, five-year dividend-per-share growth rate, and a dividend-to-earnings-per-share ratio that is less than or equal to 60%. Index components are weighted by their indicated annual net dividend yield, with the highest dividend yielding companies have the heaviest weight in the index. Securities weighted in the index are capped at 15% and the index universe is reviewed on an annual basis each March. The index has a one-year return of 19.57% and a cumulative return of 44.71% since its introduction on April 13, 2005. First Trust is based in Lisle, Ill. and STOXX Ltd. is based in Zurich, Switzerland.

Latest News

Five-person Raymond James team jumps to Janney in Maryland
Five-person Raymond James team jumps to Janney in Maryland

The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.

$20B Merit looks to next phase as Constellation takes minority stake
$20B Merit looks to next phase as Constellation takes minority stake

The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.

$350M father-son duo hops from Osaic to Equitable Advisors
$350M father-son duo hops from Osaic to Equitable Advisors

The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”

Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds

The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.