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Build your own ETF (discusses DVY)

Jun. 14, 2005 12:01 AM ETiShares Select Dividend ETF (DVY)
Roger Nusbaum profile picture
Roger Nusbaum

Here's a random idea I had, writes Roger Nusbaum.

I think I've mentioned that I personally own iShares Dividend Select (NASDAQ:DVY). DVY only has US companies. There is no ETF, yet, that captures the same type of effect with foreign stocks.

There are some foreign ETFs that yield a 2 handle but I think a product comprised of foreign dividend payers can yield at least 3.5%.

I think there are products that let you build baskets of stocks for a very low cost, something called Folio sounds vaguely familiar, but for now I am only at the concept stage. My initial thought might be to use Sharebuilder. They charge $4 per trade. I have no affiliation with them, but two years ago when my wife's little brother graduated from high school we bought him $200 worth of Guitar Center (GTRC) because he is into music and it doubled, go figure!

I was not able to find any broad based ETFs that own foreign stocks and yield more than 3% (let me know if I missed one). There are a couple of single country products that yield in the 3's but the goal here is a broad based product.

I wrote about a covered call fund that focuses on foreign stocks from ING called Global Equity Dividend and Premium (IGD). I first wrote that a lot of foreign stocks don't have call options so that might mean more of a US weight that you might think ( I can't find portfolio composition anywhere, I have a call in to the fund, I will update this post if they call back). IGD just announced its first monthly dividend and it looks like it will yield about 10% at current prices.

As I have written before I do not expect call option CEFs

This article was written by

Roger Nusbaum profile picture
Roger Nusbaum is the ETF Strategist for AdvisorShares. This Arizona-based professional has over 25 years of industry experience. He is also a well-known financial commentator covering ETFs, retirement planning and portfolio management for AlphaBaskets.com and at TheStreet.com. We think Roger is particularly insightful on exchange-traded funds, risk management and investing in international markets. Visit Roger's work at TheMaven (https://www.themaven.net/etf/) and AlphaBaskets (http://alphabaskets.com)

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