NEW YORK ( TheStreet) -- In 2011, Global X launched its Super Dividend ETF (SDIV), a globally allocated fund that seeks a high yield for its shareholders. SDIV has a trailing yield of 8% and has attracted $383 million in assets. Trying to build on that success, the firm launches the Global X Super Dividend US ETF (DIV) this week, a domestic version of the globally oriented SDIV.DIV will equal-weight 50 stocks at 2% each. The underlying INDXX Super Dividend U.S. Low Volatility Index has an indicated yield of 7.5%, which after accounting for the fund's 0.45% expense ratio means the fund could yield 7.05%. However, it is important to note that with all ETFs, there can be no assurance of how much future dividends will be. The yield could be more or less than 7.05%.
In the last couple of years several ETF providers, including iShares, PowerShares and SPDR, have issued funds that are either dividend-centric one way or the other, low volatility or both. With the S&P 500 is close to a level first reached in 2000, investors are questioning their involvement with stocks. This has lead to a new focus on dividends and seeking ways to alter the volatility profile of their portfolio compared to tracking the S&P 500.