Then there is the yield. Although EWX is not an explicit dividend, nor is it especially high-yielding, the fund does sport a dividend yield of 2.2%, or 90 basis points above the trailing 12-month yield on IWM.
The decent though not spectacular yield on EWX comes by way of an almost 43% combined weight to Taiwan and China, countries with two of the more favorable dividend policies in the emerging world.
Financial services are EWX’s largest sector weight at 20.3%, but the ETF does offer a combined 33% weight to the technology and consumer discretionary sectors, which have been two of the better performers relative to the MSCI Emerging Markets Index over the past several years.
SPDR S&P Emerging Markets SmallCap ETF
Tom Lydon’s clients own shares of EEM and IWM.