“According to Thomson Reuters StarMine data, free cash-flow yields are 10 percent for Deutsche Telekom, 9.3 percent for Swatch and 6.7 percent for Zurich Insurance. These are stronger than the 3.8 percent average for the pan-European STOXX 600 index and 4.5 percent for the U.S S&P 500, according to StarMine,” reports Reuters.
Zurich Insurance is FCFI’s largest holding at almost 2.7% of the ETF’s weight while Swatch and Deutsche Telekom are also top 10 holdings in the fund. Other top 10 holdings include Swiss industrial conglomerate ABB (NYSE: ABB) and Royal Dutch Shell (NYSE: RDS-A), Europe’s largest oil company.
The new ETF charges 0.69% per year.
TrimTabs International Free-Cash Flow ETF