as always I apréciate your writing . Diving a little bit deeper into the data of the Solactive index and the link " Document " of Solactive i have to notice that the Price index indeed does contain the distributed Dividend(Point 3.4 of Document) . So capital losses since Inception are indeed significant and not even compensated by Dividends over the period.And i was just getting excited and started to salivate....
Hi Ulrich, my understanding of the document is that 3.4 refers to a type of corporate action i.e. a payment of dividends from a holding to SDIP. I've added a worked example to the article clarify this further.
I don't believe it is referring to an accumulation of dividends *FROM* SDIP rolling into the share price.
It's true than in section 1.0 of the document it says there is a "price and total return version". This is what I believe they mean as being either INCOME or ACCUMULATION.
But when I look at SDIP (at www.hl.co.uk for example) it definitely says INCOME - not accumulation.
from Solactive which states that Dividends are reinvested to produce the Index .So its actually a performance Index ; strip Divis out and the picture looks abysmal....
Hi ,
as always I apréciate your writing . Diving a little bit deeper into the data of the Solactive index and the link " Document " of Solactive i have to notice that the Price index indeed does contain the distributed Dividend(Point 3.4 of Document) . So capital losses since Inception are indeed significant and not even compensated by Dividends over the period.And i was just getting excited and started to salivate....
Hi Ulrich, my understanding of the document is that 3.4 refers to a type of corporate action i.e. a payment of dividends from a holding to SDIP. I've added a worked example to the article clarify this further.
I don't believe it is referring to an accumulation of dividends *FROM* SDIP rolling into the share price.
It's true than in section 1.0 of the document it says there is a "price and total return version". This is what I believe they mean as being either INCOME or ACCUMULATION.
But when I look at SDIP (at www.hl.co.uk for example) it definitely says INCOME - not accumulation.
I suspect you can salivate once more.
Oak Bloke
Here is a Factsheet https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SLA0SD9.pdf
from Solactive which states that Dividends are reinvested to produce the Index .So its actually a performance Index ; strip Divis out and the picture looks abysmal....
Saludos
Ulrich
..Here is the graph:
https://es.marketscreener.com/cotizacion/indice/SOLACTIVE-GLOBAL-SUPERDIV-52083989/graficos/
Interesting concept in that they’ve identified the high yielders but put checks & balances in place to have a human in the loop on the allocation.
I’ve always been intrigued by the O’Higgins high yield stock picking idea (originally on the Dow) but this is much more diversified.
On a practical note, my UK broker (ii) only seems to offer a Global X Superdividend ETF. I assume that’s not exactly what you’ve been discussing here.
Can anyone be specific about the exact ETF under discussion?
I’m being confused by the Solactive Superdividend “index” and ERF’s which track it.
Thanks