Another U.K./Switzerland-heavy option to consider, but with a large-cap/mid-cap bias is the First Trust STOXX European Select Dividend Index Fund (NYSEArca: FDD). FDD is higher by 18.2% over the past year and allocates a combined 47% of its weight to the U.K. and Switzerland. [Excellent Diversified Europe ETFs]
Components are capped at a weight of 15% and weighted by dividend yield. Financials represent nearly 38% of FDD’s sector weight and that could prove to be a positive with U.K. and Swiss financial services firms expected to be some of Europe’s leading sources of dividend growth. French banks are also expected to boost payouts this year and France is FDD’s third-largest country weight at 11.3%.
First Trust STOXX European Select Dividend Index Fund
