On Demand Webcast: Looking Under the Hood of Smart Beta ETFs
Though it is not a dedicated dividend ETF, FQAL is home to scores of stocks with lengthy track records of increasing payout as well as some, such as Apple, that have recently become prominent dividend growers. Importantly, many of FQAL’s dividend-paying components are not high-yield names and have the capacity to continue boosting shareholder rewards. Company stocks that issue high dividend yields can be masking their distressed books or may not be sustainable and are heading for dividend cuts. Those type of stocks do not dwell in FQAL.
FQAL is up almost 11% this year. Year-to-date, the ETF has seen inflows of nearly $10 million. FQAL charges 0.29% per year, or $29 on a $10,000 investment, a favorable fee among smart beta ETFs.
For more on Smart Beta ETFs, visit the Smart Beta Channel home page.
Tom Lydon’s clients own shares of Apple.