DVYE: iShares Emerging Markets Dividend Index ETF StockTalks

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Tuesday, April 16, 11:00 AM BAML's fund manager survey shows a slide in exuberance with just 49% of respondents expecting a stronger global economy in the next year - a 12 point drop from last month. Particularly noteworthy is the 30-point, 2-month decline in emerging market (EEM. DEM, VWO) confidence - at the lowest level in 2 years and with a small majority now underweight. 1 Comment
Monday, March 25, 3:59 PM Correlations are breaking down as the global rally isn't keeping emerging stocks from their worst Q1 performance since 2008. It's the first time the sector hasn't outperformed during a bull market since 1998. Money managers are cutting exposure first, asking questions later, with a BAML survey showing them selling emerging markets to boost S&P 500 holdings. 2 Comments [Global & FX]
Tuesday, March 19, 11:01 AM More on the BAML survey: Just 14% of respondents expect the Chinese economy to be stronger a year from now, representing "one of the sharpest falls in this reading in the survey's history." The thinking is behind a shift out of emerging equity markets (EEM. DEM, VWO) and into developed - notably the U.S. and Japan. It also coincides with a sharp correction in Chinese stocks (FXI, CAF) over the last month. 1 Comment [Global & FX]
Monday, February 11, 10:39 AM Stocks outdo bonds as the 1.6K companies in the MSCI World Index yield 2.7% vs. 2.6% on the BAML Global Corporate Index, according to Bloomberg. Yielding just 6.1% the gap of junk bonds over equities is at its lowest since 1995. "Increasingly, dynamic capital allocators are being forced to consider equities," says one bullish strategist. 1 Comment
Monday, February 11, 9:17 AM "Why are you excluding the small cap space," asks Index Universe's Matt Hougan of the two largest emerging markets ETFs (EEM, VWO). His top pick for the space is the new iShares Core MSCI Emerging Markets ETF (IEMG). It offers small cap exposure with expenses (0.18%) way-below its big-brother EEM, and even less than Vanguard's VWO. (earlier from the IU Conference) 3 Comments [Global & FX, Quick Ideas]
Thursday, February 7, 2:53 PM WisdomTree's (WETF) dividend-weighted approach has its emerging-market dividend ETF (DEM) smoking its better-endowed competition (EEM, VWO). Up 7.7% annualized over 5 years (compared to about 2% for the other two), DEM's approach has it tilting to smaller value stocks with high yields. It's working for WisdomTree the stock as well, +46% YTD. 5 Comments [Global & FX]
Thursday, January 10, 10:23 AM Investors are still underweight emerging market equities, but big flows into EM ETFs (EEM, DEM, VWO) suggest a lot of catching up has taken place in the last few weeks, says a nervous JPMorgan. The bank also notes its clients have started asking about lower-quality names that haven't yet rallied. "Investors want to find the next thing, not a good thing." Comment! [Global & FX]
Friday, December 21, 2012, 1:17 PM Headed into the year's final sessions, the iShares Emerging Markets ETF (EEM) - +13.7% - has caught up to and barely passed the S&P 500. Next year's excitement in emerging markets, writes Josh Brown, could be in their government debt (see ELD), where the fiscal metrics look far better than those of developed nations. 1 Comment [Global & FX]
Friday, December 7, 2012, 3:05 PM Strubel Investment notes the horrid record of managements using cash for buybacks or M&A. Buybacks are simple - companies tend to do them when the share price is high (JPMorgan a classic example: It suspended purchases after the CIO loss with the stock near $30, and will rev them up again next year in the 40's). The top tax rates for dividends would have to rise to 70-80% to make them less valuable than the alternatives. 4 Comments [Quick Ideas]
Wednesday, November 28, 2012, 11:25 AM Why does high-yield in reference to bonds signal greater risk to investors, but high-dividend yield in reference to equities does not, wonders a fund strategist. When it comes to dividend ETFs, it pays to consider total return first, writes Paul Britt, as the yield and performance can vary ... widely. 2 Comments
Thursday, November 15, 2012, 11:42 AM A striking reversal, Vanguard's Emerging Markets ETF (VWO) suffered $700M in outflows last week in the wake of its plan to switch benchmarks from MSCI to FTSE. The iShares competitor (EEM) - remaining with MSCI - pulled in $850M. Prior to this, the vast majority of emerging market ETF flows this year had gone into VWO (far lower fees). Institutional investors are clearly skittish about the new benchmark. 1 Comment [Global & FX]
Wednesday, November 14, 2012, 12:36 PM "An attempt to quantify ... a qualitative process," is how Morningstar's Josh Peters describes the creation of the Dividend Yield Focus Index. Most dividend indexes, he says, are entirely backward looking. Instead, Peters looks for an economic moat to protect against a dividend ever being cut. Thus far, it's working: The ETF benchmarked to the index (HDV) is outperforming DVY by a wide margin since the April 2011 launch. Comment! [Quick Ideas]
Monday, October 22, 2012, 4:48 PM BlackRock rolls out four new ETFs for its so-called core series featuring expense ratios under 0.2%. The MSCI EAFE ETF (IEFA) and the MSCI Emerging Markets ETF (IEMG) are notable because they seemingly compete with other iShares offerings - EFA and EEM. The other two are the MSCI Total International Stock ETF (IXUS) and the Core Short-Term U.S. Bond ETF (ISTB). Comment! [Financials]
Wednesday, October 17, 2012, 9:13 PM Currently weighting U.S. telecoms and utilities at zero in his dividend stock portfolio, Pimco's Brad Kinkelaar notes both sectors are trading at near off-the-chart premiums to their average relative multiple. Dividend investors would do better to look overseas, he says, where one can find companies that are growing, paying good dividends, and trading at better value. An excellent presentation. 7 Comments [Quick Ideas]
Saturday, October 6, 2012, 8:15 AM Despite a Dividend 100 Index up 10% in 2012, dividend bargains are there to be had, especially if you look outside the U.S., Brett Arends suggests. And managers point to three attractive sectors in particular: pharmaceuticals, big energy and telecoms. Individual issues like JNJ, T, VZ and some global oil stocks look good, as well as ETFs like IDV, though it may be financials-heavy. Comment! [Quick Ideas, Energy, Healthcare]
Thursday, September 27, 2012, 3:06 PM Lagging far behind for much of the year, an international (developed markets) dividend fund (IDV) has pulled ahead of the popular domestic DVY (while sporting a higher yield as well). An emerging markets dividend fund (DEM) continues to trail both. 2 Comments [Global & FX, U.S. Economy]

DVYE iShares Emerging Markets Dividend Index ETF

DVYE

iShares Emerging Markets Dividend Index ETF