IGRO: Dividend Growth ETF Lagging Its Competitors


  • IGRO is a global dividend growth ETF with over 40% of asset value in Europe.
  • It looks cheap, but valuation is skewed by the heavy weight of financials.
  • It has underperformed 3 other international dividend growth ETFs since inception.
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IGRO countries

IGRO countries (Chart: author; data: Fidelity)

IGRO sectors

IGRO sectors (Chart: author; data: iShares)

IGRO vs. competitors in 2022

IGRO vs. competitors in 2022 (Portfolio123)

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This article was written by

Fred Piard profile picture
Data-driven portfolios and risk indicators.
Author of Quantitative Risk & Value and three books, I have been investing in systematic strategies since 2010. I have a PhD in computer science, an MSc in software engineering, an MSc in civil engineering and 30 years of professional experience in various sectors. My aim is making simple and efficient quantitative investing techniques available to my followers. Quantitative models can make investment decisions faster, reproducible and emotionless by focusing on relevant information in the middle of market noise. Moreover, models can be refined to meet specific risk tolerance and objectives. 

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I am an individual investor and an IT professional, not a finance professional. My writings are data analysis and opinions, not investment advice. They may contain inaccurate information, despite all the effort I put in them. Readers are responsible for all consequences of using information included in my work, and are encouraged to do their own research from various sources.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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