The SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) might be a fund of choice for investors who would like to collect dividends from all over the world while maintaining a solid footprint in
Let Me Be Skeptical About SPDR S&P Global Dividend ETF
Summary
- WDIV invests mostly in the mid- and large-cap U.S. and non-U.S. stocks with a global dividend aristocrat status.
- Since rules for global dividend aristocrats are less stricter if compared to their U.S. peers, WDIV looks much less resilient than NOBL.
- 24% of WDIV's net assets are allocated to Canada. The U.S. is in second place with a 23.7% share of the NAV, followed by Japan with its 11.9% weight.
- Regarding sector mix, WDIV has a material footprint in financials that are supposed to benefit from the economic recovery. This sector accounts for 26% of the net assets.
Vasily Zyryanov is an individual investor and writer.He uses various techniques to find both relatively underpriced equities with strong upside potential and relatively overappreciated companies that have inflated valuation for a reason.In his research, he pays much attention to the energy sector (oil & gas supermajors, mid-cap, and small-cap exploration & production companies, the oilfield services firms), while he also covers a plethora of other industries from mining and chemicals to luxury bellwethers.He firmly believes that apart from simple profit and sales analysis, a meticulous investor must assess Free Cash Flow and Return on Capital to gain deeper insights and avoid sophomoric conclusions.While he favors underappreciated and misunderstood equities, he also acknowledges that some growth stocks do deserve their premium valuation, and its an investor's primary goal to delve deeper and uncover if the market's current opinion is correct or not.
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