“ALPS Emerging Sector Dividend Dogs” Built to Provide Diversification and Dividend Potential
The Fund is the newest addition to the ALPS Sector Dividend Dogs Series, a lineup of ETFs that utilize the 'Dogs of the Dow Theory' on a sector-by-sector basis.
The Series currently includes the ALPS Sector Dividend Dog ETF (NYSE: SDOG), which launched in June 2012 using the S&P 500® as its starting universe of eligible securities, and the ALPS International Sector Dividend Dog ETF (NYSE: IDOG), which launched in June 2013 using the S-Net Developed Markets (ex-Americas) Index as its starting universe of eligible securities. The two funds have combined to attract more than $600 million in assets since inception.
“With the launch of an emerging markets equity-income ETF, ALPS Portfolio Solutions is now able to provide dividend ETFs across all major large-cap markets,” said Mike Akins, Portfolio Manager and Senior Vice President of ALPS. “All three funds utilize a straightforward, transparent process that expands on the Dogs of the Dow strategy, resulting in funds that seek to provide a high yield relative to broad-based benchmarks as well as diversification at both the security and sector level.”
In practice, the S-Network Emerging Sector Dividend Dogs Index, a portfolio of stocks derived from a universe of mainly large capitalization stocks domiciled in emerging markets, selects the five stocks offering the highest dividend yields in each of the ten sectors comprising its benchmark, subject to a country cap of five securities. This strategy provides the ALPS Emerging Sector Dividend Dogs ETF with several potential benefits, including:
• Dividend Yield
• Sector, Stock and Country Diversification
• Value Strategy
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