PowerShares[profile] has a new exchange traded product ready to debut.

The new ETF which will invest on stocks with high dividends and low volatility, in an attempt to follow through the success of the PowerShares S&P 500 Low Volatility Portfolio.

Tracking the S&P 500 Dividend Index, the PowerShares S&P 500 High Dividend Portfolio will trade at NYSE Arca with the ticker SPHD. A 0.30 percent annual expense ration will be charged to investors, reports Index Universe.

This new offering will compete with existing high dividend and low volatility ETFs such as SSgA's SPDR S&P Dividend ETF and iShares High Dividend Equity Index Fund. 

Edited by: HFD


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