State Street Euro and UK Aristocrats ETFs now in Germany, UK

State Street has extended its range of Dividend Artistocrats ETFs to Germany and the UK, listing the SPDR S&P Euro Dividend Aristocrats ETF and UK Dividend Aristocrats ETF on February 29 on the Deutsche Borse exchange.

The ETF provider cross-listed the same two ETFs on the London Stock Exchange a day later, on March 1.

The two investment products provide exposure to companies that have maintained a stable or increasing dividend policy over the past 10 years. The methodology incorporates criteria for dividend payout ratio and maximum indicated dividend yield. Stocks with dividend yields greater than 10% are removed on the basis that high yield is unsustainable.

State Street launched the first versions of the Dividend Aristocrats ETF in October 2011, with the SPDR S&P US Dividend Aristocrats ETF and the SPDR S&P Emerging Markets Dividend ETF. Since January 2012, the US version has garnered more than $60 million in inflows, and the emerging markets fund more than $34 million.

“Off the back of [these], we had clients asking for one in Europe and the UK equity market as well. Also, thematically, a lot of investors are looking for quality dividends,” says Eleanor Hope-Bell, London-based head of State Street’s intermediary sales for the UK.


This article was first published on Structured Products

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