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SPDR ETFs Australia - State Street SPDR MSCI Australia Select High Dividend Yield ETF SYI ETF Analysis

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Morningstar’s Analysis SYI

Will SYI outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SYI’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SYI management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SYI’s parent organization’s priorities and whether they’re in line with investors’ interests.

A logical approach to identifying stable dividend-yielding stocks.

Analyst Liem Nguyen

Liem Nguyen

Analyst

Summary

SPDR MSCI Australia Select High Dividend Yield ETF continues to apply a sensible selection process that attempts to identify securities with an above-market expected yield. The strategy seeks to mimic the risk/reward profile of the MSCI Australia Select High Dividend Yield Index, a benchmark that focuses on companies with stable dividends and strong fundamentals such as return on equity, low leverage, and earnings consistency. Solid execution with low tracking error bodes well for the exchange-traded fund; however, competition in the space is high from both actively managed strategies and other passive peers.

by Liem Nguyen
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