ETF Spotlight on the PowerShares S&P International Developed High Beta Portfolio (NYSEArca: IDHB), part of an ongoing series.
Assets: $3.1 million
Objective: The PowerShares S&P International developed High Beta Portfolio tries to reflect the performance of the S&P BMI International Developed High Beta Index, which is comprised of 200 stocks taken from the S&P Developed ex. US and South Korea LargeMid Cap BMI Index with the highest sensitivity to market movements, or beta, over the past 12 months.
Holdings: Top holdings include Sumitomo Realty & Development 1.3%, Mitsui Fudosan Co. 1.1%, Mitsubishi Estaet Co. 0.8%, SBI Holdings Inc 0.8% and Kikkoman Corp 0.7%.
What You Should Know:
- Invesco PowerShares sponsors the fund.
- IDHB has a 0.25% expense ratio.
- The ETF has 199 holdings and the top ten make up 7.6% of the overall portfolio.
- Sector allocations include financials 32.6%, industrials 19.8%, materials 15.7%, consumer discretionary 14.5%, information technology 4.4%, utilities 3.6%, consumer staples 3.5%, health care 3.0%, energy 2.0% and telecom services 0.9%.
- Country allocations include Japan 49.5%, Sweden 8.9%, Germany 5.5%, Italy 5.0%, U.K. 4.8%, France 4.3%, Norway 4.3%, Canada 3.0%, Finland 2.9% and Spain 2.7%.
- The fund’s market-cap breakdown includes mega-caps 19.7%, large-caps 44.2%, mid-caps 35.2% and small-caps 1.0%.
- The portfolio shows a price-to-earnings ratio of 15.2.
- The ETF is up 3.5% over the past month, up 9.6% over the last three months and up 8.1% year-to-date.
- IDHB is 8.9% above its 200-day exponential moving average.
- Beta is a measure of volatility for a security, compared to the overall market, and a high beta means the security will be more volatile than the market.
- While a high-beta strategy can outperform during market rallies, potential investors should know that it can also underperform the broader market during severe turns.
- Additionally, since the fund has an average daily volume of about 8,200 shares, potential investors should utilize limit orders to better control trades.
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