Xtrackers MSCI All World ex US High Dividend Yield Equity ETF

HDAW

Market cap $11.4M

The past week saw the debut of 13 new ETFs on U.S. markets as well as a host of material changes to existing funds. Among the firms launching ETFs were Harbor Capital, YieldMax, ALPS, and T.

NEW YORK--(BUSINESS WIRE)--Xtrackers by DWS, one of the world's largest and most established providers of exchange traded funds, announced plans to close Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW), a U.S.-listed exchange traded fund (ETF) (the “Fund”) effective July 22, 2024, and to liquidate the Fund effective August 1, 2024. The Fund currently trades on the NYSE Arca Exchange (the “Exchange”). After the close of business on July 22, 2024, the Fund will no longer acce.

The last 12 months have been difficult for equity income investors. The top 20% of dividend-paying stocks in the S&P 500 Index have returned 13.5% in the 12 months through March.

Dividend stocks, including REITs and utilities, have underperformed in recent years. Rising interest rates and increasing costs of capital have contributed to the underperformance. The beginnings of a strong dividend stock rally may have just begun on the back of some very good news.