Investors with a thirst for yield may want to consider dividend exchange traded funds that seek to diversify further by investing in global stock indexes.

Powershares International Dividend Achievers (NYSEArca: PID),WisdomTree DEFA (NYSEArca: DWM), WisdomTree International LargeCap Dividend (NYSEArca: DOL) and SPDR S&P International Dividend (NYSEArca: DWX) are among the ETFs in this category.

Don Dion for TheStreet recently profiled Powershares International Dividend Achievers.

According to Morningstar analyst Michael Rawson, PID is a suitable holding for “yield-oriented investors who want the income stream from high-dividend-paying stocks, who want the diversification benefits from international stocks, and who are comfortable with the higher risk that this strategy may entail.”

The fund holds a larger weighting  in the U.K. and Canada, followed by the U.S., Mexico, Israel and Switzerland. Of the top ten country allocations, Spain is the largest Europe exposure at 3.85% for investors nervous over the Eurozone debt crisis.

The ETF’s global exposure is designed to provide diversification. Additionally, the fund holds a large weighting in the defensive sectors, with over half of PID’s overall holdings in consumer staples, healthcare, telecoms and utilities. [Dividend ETFs Set to Benefit from Higher Payouts]

The fund has a 12-month yield of 3.82%.

PowerShares International Dividend Achievers

For more information on income paying ETFs, visit our divided ETF category.

Max Chen contributed to this article.

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