(Update: This thing is taking off like a rocket. Do not buy at current prices.) SDIV could be a buy if we get a pullback. The ex divi date was Dec 3 and may give a decline and better entry price. Below is a description that I copied from a web site. SDIV pays around 7%.
Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced that the Global X SuperDividend” ETF (Ticker: SDIV) has reached $100 million in assets, shortly after the one-year mark. According to IndexUniverse, August 2012, SDIV was the highest yielding dividend ETF.* It provides exposure to 100 companies worldwide that rank among the highest dividend yielding equity securities in the world. It offers exposure to a broad range of sectors and countries, many on hard-to-access foreign exchanges.
“While there are numerous dividend-producing ETFs in the market, SDIV is one-of-a-kind,” said Oren Guzman from Lifetime Financial Group. “The Global X SuperDividend ETF is a well-diversified, non-leveraged product that has the highest dividend yield*, and has shown lower volatility than comparable dividend ETFs.”
“The Global X SuperDividend ETF, with over $100 million in assets and a 30-day average daily volume of over 100,000 shares, has been one of the fastest growing products by inflows over the last year,