Global X Funds has confirmed that it has cut nearly half the cost of owning Global X Super Dividend ETF, according to Barron's. 

Barron's had confirmed the story after IndexUniverse first broke the story.

The firm got rid of business development companies in the holdings of the fund, allowing its expense ratio to drop from 114 to 58 basis points.

The fee cut puts SDIV very much in the middle of the pack in terms of dividend ETF expense ratios, many of which cost around 60 basis points. Payout ETFs have been all the rage in the past two years, attracting investors who are worn out by all the market volatility of the past few years and are keen on getting a bit of a cushion in the form of reliable dividends.

For example, the cost of this ETF is just below the Guggenheim Global S&P Dividend Opportunities Index ETF (LVL) and the First Trust Dow Jones Global Select Dividend Index ETF (FGD), each of which charge 60 basis points.

Read more on this from the story on the Barron's website.  

Edited by: HFD


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