Important to the investor that wants to maintain some U.S. exposure, U.S. stocks are PID’s largest country weight at nearly 30%. While the ETF surprisingly features no exposure to Australia, one of the highest-yielding developed markets, the fund’s other international weights indicate it has legitimate dividend growth potential.
For example, the U.K, is PID’s third-largest country weight. “British listed companies paid $102. 1 billion in dividends last year, and since 2009 have paid roughly $441 billion,” according to the Independent.
PID’s two largest emerging markets exposures are China and Russia. China is the largest emerging markets dividend payer in dollar terms while Russia is one of the fastest-growing developing world dividend destinations because of government policy that is actively attempting to force cash-rich companies there to pay bigger dividends. [China’s Dividend Growth]
With a P/E ratio of 14.1, PID is discounted relative to the S&P 500 and some broader European ETFs. Investors are awakening to PID’s story. The ETF has hauled in almost $196 million of its $1.1 billion in assets over the past year.
PowerShares International Dividend Achievers Portfolio
