The Dow Jones EPAC Select Dividend Index has been licensed to Barclays Global Investors to serve as the underlying for an exchange-traded fund (ETF).
The iShares Dow Jones EPAC Select Dividend Index Fund launched today on NYSE Arca. This is the first time the Dow Jones EPAC Select Dividend Index has been licensed as the basis for an ETF.
“We have seen strong interest in our existing select dividend indexes for the U.S., the Euro zone and Europe,” says Michael A. Petronella, president of Dow Jones Indexes/Reprints. “We also have seen particular interest in the unique index concept that uses a combination of indicated annual dividend and dividend yield in order to determine the weightings of the components and countries within the index. Licensing the Dow Jones EPAC Select Dividend Index as the basis of an ETF allows market participants to add leading dividend-paying companies in Europe, Asia, Australia and Canada to their portfolios”