Nasdaq is proud to be the index behind the new VictoryShares Dividend Accelerator ETF (VSDA). This new ETF is a prime example of Nasdaq’s dedication to being actively involved in co-developing strategies with market participants. With Victory Capital we created the Nasdaq Victory Dividend Accelerator Index (NQVDIV) to provide a world-class index for the benchmark in this important market segment.
VSDA began trading on the Nasdaq Stock Market® on April 18, 2017. According to VictoryShares, “The new ETF seeks to provide investment results that track the performance of the Nasdaq Victory Dividend Accelerator Index (NQVDIV), which Victory Capital developed in partnership with Nasdaq.”
The Index uses fundamental criteria, including proven earnings stability, to select companies with the highest likelihood of consistently growing dividends year over year. It seeks to identify those companies early in their lifecycles and assemble them in a rules-based portfolio that emphasizes growing dividends per share.
“Today’s investors are looking for innovative and differentiated ways to capture income,” said Mannik Dhillon, President, VictoryShares and Solutions. “We are pleased to work with Nasdaq to develop a strategy that we believe offers investors the opportunity to grow dividend income over time.”
The VictoryShares ETF platform is designed to provide investors with rules-based solutions that bridge the gap between the active and traditional passive elements of their portfolios. The expanded product line builds upon the success of the VictoryShares volatility-weighted ETFs, which have grown to more than $1.2 billion in AUM as of March 31, 2017.
Victory Capital announced earlier this year that it plans to launch a series of new ETFs that tracks indexes developed with Nasdaq. The expanded platform will seek to offer strategic beta strategies designed to provide a variety of outcomes, including maximum diversification, dividend income, downside protection, minimum volatility and targeted factor exposure. “We start by identifying a desired client outcome, such as income growth or bear market mitigation, and build intuitive, index-based solutions to address those objectives,” said Dhillon.
“Nasdaq is committed to creating powerful strategies and methodologies for key investment growth areas including potentially enhancing dividend income,” said Dave Gedeon, Vice President and Head of Research & Development at Nasdaq Global Indexes. “We are excited to work with VictoryShares to provide a world-class index for the benchmark in this important market segment that is designed to help generate an outcome of consistent and growing dividends per share on an index level.”
For more information about the ETF, please visit www.victoryshares.com.
For more information about the index or licensing opportunities, please contact us here.
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