Guggenheim rolled out its ABC High Dividend ETF (ABCS) this week, introducing a product with a focus on stocks exhibiting attractive dividend yields fro three of the most important commodity producing economies. The new ETF will seek to replicate the BNY Mellon ABC Index, a benchmark that includes about 30 companies from Australia, Brazil, and Canada. The index is comprised of common stocks, as well as ADRs of companies from Brazil and Australia and locally-listed companies in Australia and Canada. The ten stocks or ADRs from each country are included in the benchmark, resulting in a mix of securities that maintains a meaningful distribution yield. Brazil leads the way in terms of country exposure, accounting for about 47% of total assets. Australia and Canada account for 29% and 24% of holdings, respectively. The underlying index may offer exposure to smaller companies from the ABC bloc, tapping into a group of [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts