Late last week we spoke about outflows in U.S. Equity/Dividend name DVY (iShares Select Dividend, Expense RRatio 0.40%) and now we have seen similar in activity in related product SDY (SPDR S&P Dividend, Expense Ratio 0.35%).
With yield oriented names posting a strong year of returns thus far in 2013, it is not terribly surprising to see some profit taking at these levels, as institutional managers may be rotating into other areas of the market.
Today we take the focus to dividend/yield oriented names that are concentrated in international equities and not U.S. domestic. IDV (iShares International Select Dividend, Expense Ratio 0.50%) is focused on foreign Developed markets, with its largest exposures in Europe (56.6%), and Australia (21.28%). The fund may not necessarily be a household name yet, but it has attracted an impressive $2.96 billion in assets under management.
DOO (WisdomTree International Dividend Ex-Financials, Expense Ratio 0.58%) also comes to mind, and this fund has approximately $351 million in assets under management. Like IDV, DOO has a Developed Markets/Foreign focus, and weighting towards names that have historically distributed competitive dividends.
In the Developed Markets space, DIM (WisdomTree International MidCap Dividend, Expense Ratio 0.58%), a smaller fund with $130 million in AUM also comes to mind
here. For exposure to dividend payers in the Emerging Markets, names such as the rather new (August 2013 inception) EMHD (EGShares EM Dividend High Income, Expense Ratio 0.85%) exist now as well as the more established HILO (EGShares Low Volatility Emerging Markets Dividend, Expense Ratio 0.85%). IQDY (FlexShares International Quality Dividend Dynamic, Expense Ratio 0.47%) is another, newer entrant to the space, having a non-U.S., global focus.
A number of other specialized funds exist here, most of them niche if not obscure names like DFE (WisdomTree Europe Small Cap Dividend, Expense Ratio 0.58%) for instance.
SPDR S&P Dividend ETF
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.
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