The DJ STOXX® Global Select Dividend 100 Index consists of 100 stocks covering the highest-yielding stocks in the Dow Jones STOXX® Global 1800 Index. The Index universe is defined as all dividend-paying companies in the Dow Jones STOXX® Global 1800 Index that have a non-negative historical five-year dividend-per-share growth rate and a dividend to earnings per-share ratio of less than or equal to 60% or 80%, depending on the respective region.
The Dow Jones STOXX® Global 1800 Index provides a broad representation of the world’s most developed markets with a fixed number of 1800 components and contains 600 European, 600 American and 600 Asia/Pacific region stocks represented by the Dow Jones STOXX® 600 Index, the Dow Jones STOXX® Americas 600 Index and the Dow Jones STOXX® Asia/Pacific 600 Index respectively.
The Index components are selected on a regional basis:
Americas, Europe and Asia/Pacific, with 40, 30 and 30 components allocated to each region, respectively. The Index has a base value of 100 as of 31 December 1998, and was introduced in February 2007.
Deutsche Bank db x-trackers has listed the DJ STOXX Global Select Dividend 100 ETF (US$) on the Singapore stock exchange (SGX) last month.
This ETF tracks an Index which measures the performance of the 100 stocks that pay the highest dividends in Europe, the Americas, and Asia/Pacific. The dividend yield is currently about 3.9%.
For Asian investors, the ETF highlights the “tax friendly” nature of ETFs domiciled in Europe as they are not subject to a US withholding tax on dividends of up to 30% (for ETFs domiciled in US).
Exchange Name : DBXT DJSTGLDv 10 US$
ISIN : LU0292096186
Bloomberg Ticker : XGSD SP
SGX Code : KT3
Total expense ratio : 0.5%