In between Australia and New Zealand in DVYA’s country lineup are Singapore, Hong Kong and Japan. That means investors get some exposure to the ongoing Japanese recovery story as well as three AAA-rated nations (Australia, Hong Kong and Singapore).
DVYA did suffer mightily at the hands of Federal Reserve tapering speculation. This was a $61 ETF in May before plummeting to around $50 in early July. The ETF has gained nearly 10% since then. Importantly, DVYA at a critical technical juncture. DVYA is less than a third of a percent below its 200-day moving average. A move above that level could set the stage for a run back to the $60 area over the next few months.
iShares Asia/Pacific Dividend 30 ETF
ETF Trends editorial team contributed to this post.