SPDR SYI ETF (ASX:SYI)
The SPDR SYI ETF invests in a diversified portfolio of high-yielding ‘blue chip’ Australian companies – excluding real estate investment trusts (REITs). This ETF tracks the MSCI Australia Select High Dividend Yield Index.
What does the SYI invest in?
The SYI ETF invests in large Australian companies like BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Commonwealth Bank of Australia (ASX: CBA), with a specific focus on high dividend yields. This ETF excludes REITs. You could buy all of these companies yourself using a share brokerage account, but that would be a very expensive and time-consuming process.
What do investors use SYI for?
This ETF could be used by investors looking for a diversified portfolio of Australian companies that have a track record of paying regular, tax-effective dividends to their shareholders.
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