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FGD vs. ETF Alternatives
First Trust Dow Jones Global Select Dividend Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Dow Jones Global Select Dividend Index.
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Wednesday, Dec 43:08 PM
Wednesday, Dec 43:08 PM| Comment!
- Open for trade today is the actively-managed Cambria Foreign Shareholder Yield ETF (FYLD), the global version of Mebane Faber's recently-launched and thus far successful Shareholder Yield ETF (SYLD).
- Faber's methodology relies on what he calls "shareholder yield" - a measure adding buybacks and debt repayment to dividends.
- The new fund's expense ratio is 0.59%, the same as SYLD.
- Other ETFs with a broader idea of what yield is include: TTFS and PKW.
- Global dividend ETFs: IDV, SDIV, DWX, PID, DTN, LVL, FGD, DOO, DOL, DEW, IDOG, HGI, DVYA, IQDF, IQDY, FYLD, IQDE, WDIV, FIEG
Friday, Nov 159:22 AM
Friday, Nov 159:22 AM| 1 Comment
- Dividend ETF fans may soon have three more funds to choose from as Reality Shares files to launch a trio of ETFs. Tickers and fees have not yet been disclosed.
- The Reality Shares Isolated U.S. Dividend Growth Index ETF and The Isolated Global Dividend Growth Index ETF will both be passive strategies, and the Isolated Dividend Growth ETF will be actively managed.
- The company's edge - so it argues - will be a focus on earnings rather than stock price as the measure of potential returns. Isolating the dividend from the stock price can provide positive returns not directly correlated to broader equity or fixed-income trends, says the company.
- Dividend ETFs: DVY, IDV, VIG, SDY, VYM, SDIV, HDV, SCHD, DWX, SYLD, KBWD, PID, DES, DTN, PEY, SPHD, DIV, DHS, LVL, DLN, DTD, DGRW, FDL, DON, PFM, FVD, FGD, DOO, DOL, SDYL, NOBL, DVYL, DEW, HGI, IDOG, DNL, DGRS, DGRE, DVYA, RDIV, QDF, QDEF, EMDG, IQDF, QDYN, IQDY, WDIV, IQDE, FIEG
Wednesday, Oct 232:58 PM
Wednesday, Oct 232:58 PM| 2 Comments
- Assets in dividend-themed ETFs have ballooned nearly 50% to $80B this year, according to Ned Davis Research, led by Vanguard Dividend Appreciation (VIG) with $3.2B in inflows, the SPDR Dividend ETF (SDY) with $1.2B, and the Vanguard High Dividend Yield ETF (VYM) with $1.6B.
- Meanwhile, ETFs holding U.S. government debt hold just $67B in assets, with funds like the iShares 3-7 Year Treasury Bond ETF (IEI) seeing several hundred million exit, and the iShares TIPS Bond ETF (TIP) losing a whopping $6.9B.
- The team at Ned Davis recommends looking away from the popular dividend plays and towards a lagging emerging-market alternative, the WisdomTree Emerging Markets Small-Cap Dividend Fund (DGS), yielding 3.3% and up 3.8% this year.
- Dividend ETFs: FDL, FVD, MDIV, QDF, QDYN, QDEF, DIV, CVY, DVY, HDV, IYLD, PEY, PFM, SCHD, SDY, SDYL, DVYL, VYM, DHS, DTD, SYLD, KBWD, SPHD, DLN, DON, HILO, DGRS, DNL, EMDG, DGRW, VIG, DGRE.
- Global dividend ETFs: AXJL, AUSE, GNAT, DTH, DWM, SDIV, DVYE, EDIV, DEM, FDD, FGD, LVL, PID, DEW, WDIV, IDOG, DTN, DOO, IQDF, IQDE, IQDY, IDV, DVYA, DWX, DOL, CCXE, DIM, GULF, DRW, DBU.
- Small-cap dividend ETFs: DGS, DFE, DFJ, DXJS, DES, DLS.
Tuesday, Jun 412:14 PMPopular dividend ETFs - HDV, VYM, VIG, SDY, DVY among them - have fared worse than the SPY as interest rates have risen of late. Credit Suisse narrows the risk down further, identifying 20 stocks with the biggest share of their float held by dividend ETFs. This basket includes Cincinnati Financial (CINF) and Pitney Bowes (PBI) and it's off 3.4% since Ben Bernanke's May testimony, twice as much as the broad market. We'll post the other 18 as they come available. |Tuesday, Jun 412:14 PM| 10 Comments
Wednesday, May 2910:10 AM
Friday, May 2412:45 PMMulti-asset income ETFs are here to stay, writes Paul Britt, as Guggenheim's CVY crosses $1B in AUM. It's been around since 2006, but a new entrant, MDIV has pulled in $440M in less than a year. These income funds have no mandate in their search for yield and roam across dividends (DVY), high-yield (HYG), REITs (IYR, VNQ), and MLPs (AMJ) as necessary. One drawback is their somewhat high expense ratios - in the 60-80 bp range, compared, for example, to DVY at 40 bps. Other M-A ETFs: INKM, IYLD, GYLD, HGI. |Friday, May 2412:45 PM| 2 Comments
Tuesday, May 213:55 PMWisdomTree (WETF) plans a Wednesday launch for its U.S. Dividend Growth Fund (DGRW) - tracking a fundamentally-weighted index of about 300 dividend payers with annual cost of 0.28%. Among the eligibility requirements: Regular dividends for 12 consecutive months and market cap of at least $2B. Individual security weighting is capped at 5%, with sector allocation capped at 20%. Among the large selection of other dividend funds: VIG, PFM, DHS, DTN. More here. |Tuesday, May 213:55 PM| Comment!
Tuesday, May 215:40 AMGoldman Sachs lifts its forecasts for the S&P 500 (SPY), as David Kostin and company now say they expect the index to gain 5% by year-end to 1,750, 9% to 1,900 in 2014, and 10% to 2,100 in 2015. The rationale: expectations of above-trend real GDP growth beginning next year (Mr. Evans' "escape velocity" ?) coupled with P/E multiple expansion to 16x. Furthermore, dividends should rise ~30% over the next two years, bolstering the firm's claim that dividend-paying equities (DVY) are one of the only places U.S. investors can look to for income-generation. Some of GS's dividend picks, as listed on MarketWatch: Mattel (MAT), Ford (F), Philip Morris (PM), Walgreen (WAG), Chevron (CVX), U.S. Bancorp (USB), GE, Western Union (WU), Dow Chemical (DOW), and AT&T (T). |Tuesday, May 215:40 AM| 11 Comments
Tuesday, May 1412:54 PMThe Cambria Shareholder Yield ETF (SYLD) launches - an actively managed fund led by The Ivy Portfolio author Mebane Faber. Income's nice, but don't focus too much on dividends, says Faber, who also adds in share buybacks and debt repayment to create "shareholder yield." Competing dividend ETFs include: VIG, DVY, SDY, VIG, HDV, and DLN. |Tuesday, May 1412:54 PM| 1 Comment
Monday, Apr 2912:13 PM"Which has a higher P/E - Procter & Gamble (PG) or Google (GOOG)," asks the WSJ's Tom Lauricella. Enthusiasm for anything with yield has driven the P-E ratios of dividend payers (DVY) like P&G maybe way too high. Techs (XLK) with double-digit earnings growth, no debt, and massive cash balances trade at 12x, says MFS' James Swanson, while a utility (XLU) in Ohio is at 16x. "How far do you go with this game?" "Pretty far," says Templeton's Donald Taylor. "The macro environment (causing this) is not at all likely to change anytime soon." |Monday, Apr 2912:13 PM| 7 Comments
Tuesday, Feb 199:49 PMAll of the slide presentations from IU"s InsideETFs conference are now available. One of interest shows how eligibility requirements on certain dividend indexes will keep out stalwarts like MSFT, IBM, ORCL, INTC, CSCO, and AAPL for years to come even as the same stocks account for significant holdings of other indexes with the name dividend on them. |Tuesday, Feb 199:49 PM| 1 Comment
Monday, Jan 711:33 AMMore on dividend increases: In 2012, 2,883 firms increased their dividends, against 275 lowering their dividends. Forward yield hit an all-time high and actual cash payments increased 18% in 2012. The yield increased throughout 2012 ending flat at 2.80%. The report expects 2013 to be setting another record for regular cash dividends. |Monday, Jan 711:33 AM| Comment!
Monday, Jan 711:16 AM
Monday, Dec 172012, 3:54 PM
Thursday, Dec 132012, 9:08 AMThe envelope please ... The winner of the ETP of the year is Invesco's PowerShares S&P 500 Low Volatility Portfolio (SPLV). The trend-setting product has generated a good deal of alpha - total return of 18.3% since May 2011 inception vs. S&P of 9.9% - by holding the lowest volatility stocks. It now has more than $3B in AUM. |Thursday, Dec 132012, 9:08 AM| 1 Comment
Friday, Dec 72012, 3:05 PMStrubel 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. |Friday, Dec 72012, 3:05 PM| 4 Comments
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