Investing in dividend-focused exchange-traded funds (ETFs) is one of the easiest ways to generate passive income. With these funds, an investor can get access to a broad range of dividend-paying stocks and collect regular cash distributions with minimal effort.
Here, I’m going to highlight a dividend ETF that could be of interest to British investors. This product is focused on the UK market and it offers an attractive yield right now.
A top UK dividend ETF
The fund in focus today is the iShares UK Dividend UCITS ETF (LSE: IUKD). This provides exposure to 50 dividend stocks within the UK market.
Its benchmark is the FTSE UK Dividend+ Index, designed to represent the performance of the 50 highest-yielding companies in the FTSE 350 index, excluding investment trusts.
Investors will recognise many of the holdings in the ETF. Top…
