The PowerShares offering allocates just over 32% of its combined weight to Canada and the U.K., but as a low volatility ETF, the fund’s energy weight is low despite its large combined weight to British and Canadian stocks. Energy names account for just 2.6% of IDLV’s weight.
Although slightly below that of the MSCI EAFE Index, IDLV’s trailing 12-month dividend yield of 3.3% is certainly respectable, the result of nearly 47% of the ETF’s combined weight being allocated to Canada, the U.K. and Australia.
Those are three of the top ex-U.S. developed market dividend destinations. In fact, the U.K. is the second-largest developed markets dividend payer after the U.S. and Australian dividends are among the fastest growing in the developed world. [Embracing Australia ETFs]
PowerShares S&P International Developed Low Volatility Portfolio
