Guinness Atkinson Asset Management last week disclosed in a regulatory filing its first proposed exchange-traded fund: a dividend offering. Money Management Executive previously reported on the firm’s ETF initiative.
According to the filing, the Guinness Atkinson Dividend Shares fund will be benchmarked to an undisclosed global benchmark, which tracks developed and emerging market dividend-paying companies that meet certain requirements regarding cash flow return on investment, capitalization, dividend payment history and debt to equity ratio. Specifically, the key attribute for companies to be included in the index is a history of producing a cash flow return on investment of at least 10% for each of the previous 10 years.
Ian Mortimer and Matthew Page are the co-managers of the fund.