PowerShares S&P 500 High Dividend Portfolio ETF (SPHD) This fund follows the S&P 500 Low Volatility High Dividend Index, which includes U.S. stocks that historically provided high dividend yields and low volatility. Most of economic indicators released recently, be it consumer confidence, manufacturing, inflation and jobless data, were upbeat and the S&P soared crossing the 2,000 mark for the first time. The global stock markets will keep receiving incessant flows of cheap money thanks to the continuation of super accommodative policies in Japan, mini stimulus in China and the expected initiation of QE in the Euro zone.