VIGI, one of just two new ETFs launched by Vanguard this year, “emphasizes stocks exhibiting dividend growth and seeks to track the Nasdaq International Dividend Achievers Select Index, which comprises more than 200 all-cap developed and emerging markets stocks with a track record of increasing annual dividend payments,” according to Vanguard.
“In keeping with Vanguard’s tradition of low fees, VIGI is less expensive than 78% of competing funds. This new ETF mixes developed and emerging economies with European nations accounting for over 38% of the lineup and emerging markets chiming in at nearly 23%,” reports InvestorPlace.
Other international dividend ETFs include the PowerShares International Dividend Achievers Portfolio (NYSEArca: PID), FlexShares International Quality Dividend Index Fund (NYSEArca: IQDF) and the WisdomTree International Dividend ex-Financials Fund (NYSEArca: DOO).
With nearly $231 million in assets under management as of the end of November, VIGI is easily one the most successful new ETFs to come to market in 2016.
VIGI debuted alongside the Vanguard International High Dividend Yield ETF (NasdaqGM: VYMI). VYMI will reflect the performance of the FTSE All-World ex US High Dividend Yield Index, which is composed of over 800 of the highest yielding large- and mid-cap developed and emerging market securities.