The SPDR S&P UK Dividend Aristocrat ETF and SPDR S&P Euro Dividend Aristocrat ETF will have 30 and 40 constituents respectively, with a cap of 5%.
Their dividend criteria will be 10 years of stable or increasing payments, with the component companies having a minimum market cap of $1bn.
The Euro Dividend ETF will also have a sector and country cap of 30%, while the UK Dividend ETF will have a sector cap of that amount.
Removal criteria for constituents in each fund will be the cancellation of dividend, or a negative EPS, or if the firm’s dividend yield no longer ranks in the top 30 or 40 for the UK and Euro funds respectively.
SPDR said the two dividend ETFs are designed to complement the existing SPDR S&P US Dividend Aristocrats ETF, which gained over $350m in AUM since its launch last October.
It added that "these Dividend Aristocrats ETFs focus on high-quality stocks through rigorous screening for stability and sustainable dividend payments".
Finally, the SPDR FTSE All Share ETF will be the first physically-backed ETF of this type and will build on the core institutional benchmarks already available through the European SPDR range.
The index will have around 650 constituents from the FTSE 100, FTSE 250 and FTSE Small Cap and will look to offer investors a more diversified view of the UK equity market, which SPDR hopes can add additional return over a large-cap only allocation.
