According to a press release, the S&P Global Dividend Opportunities Index and the S&P International Dividend Opportunities Index are designed to serve as alpha generating indices for income seeking investors.
Both indexes are comprised of 100 tradable, exchange-listed common stocks from across the world that offer high dividend yields. The S&P International Dividend Opportunities Index does not include U.S. domiciled securities.
The universe from which the S&P Dividend Opportunities Indices is drawn from is the S&P/Citigroup Broad Market Index, an index that includes all dividend paying common stocks and American Depositary Receipts (ADRs) listed on eligible exchanges around the world. Derivatives, structured products, over-the-counter listings, mutual funds and exchange-traded funds (ETFs) are not eligible.
“The launch of these two indices underscores Standard & Poor’s commitment to producing alpha generating strategy indices with a methodology designed to provide returns over and above traditional benchmark indices,” said Tim Eisenhauer, Vice President of Standard & Poor’s Index Services, in a press release.