In the past 90 days, the major single-country ETFs tracking France, Germany, the Netherlands, Spain and Switzerland are up an average of 5.9%. Those countries combine for a quarter of IDOG’s weight. All told, IDOG features exposure to nine Eurozone ETFs of which seven have corresponding ETFs. All seven are higher in the past three months. [A Developed Market ETF Gem in a Quiet Rally]
“IDOG isolates the S-Net International Developed Markets Index (ex-Americas) constituents with the highest dividend yield in their respective sectors providing the potential for price appreciation as market forces bring their yield into line with the overall market,” according to ALPS. The fund also uses an equal-weight approach at the sector level with the 10 Global Industry Classification Standard (GICS) sectors each receiving allocations of around 10%.
IDOG’s holdings include Daimler, French oil giant Total (NYSE: TOT), Banco Santander (NYSE: SAN), ArcelorMittal (NYSE: MT) and Italian oil producer (NYSE: ENI). The fund’s expense ratio is 0.5% per year.
ETF Trends editorial team contributed to this post.