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PowerShares, the issuer behind the ultra-popular S&P Low Volatility ETF (SPLV), announced this week the launch of another factor-based fund that will offer exposure to large cap dividend paying stocks. The new S&P 500 High Dividend Portfolio (SPHD) will seek to replicate an index consisting of 50 stocks that have historically exhibited high dividend yields and low volatility. Specifically, the underlying index will determine its holdings as follows [for updates on all new ETFs, sign up for the free ETFdb newsletter]:  [click to continue…]

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