ETF of the Week ETF of the Week: SPDR SP Dividend ETF (SDY)
ETF Trends’ CEO Tom Lydon discusses the SPDR S&P 500 Dividend ETF (SDY) on this week’s ETF of the Week podcast with Chuck Jaffe of the MoneyLife Show.
As stock markets plunge after the Fed announcement of a 0.50% interest rate increase and balance sheet tightening in June, investors continue to seek out steady-paying dividend ETF strategies.
Analysts believe that income-generating securities are becoming one of the new safe havens as growth and tech stocks continue to fall.
SDY provides a potential hedge against inflation by investing in companies that have increased their dividends for the past 20 consecutive years.
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