Some of the nations representing substantial portions of PID's portfolio include the U.K., Canada, Israel and Mexico. Major holdings include Partner Communications (PTNR), Telefonica (TEF), AstraZeneca (AZN) and National Grid (NGC).
PID's reach is not entirely foreign, however. The fund still sets aside more than 7.5% of its index to U.S.-based firms. This domestic component should help to tone down the fund's volatility over time.
Like DVY, PID has managed to handily beat out the performance of other broad world indices in recent months. Since early August, the fund has gained more than 2%. The Vanguard Total World ETF (VT), meanwhile, has jumped less than 1% over this time period.
With Europe's economic woes back in the spotlight, there is a strong chance that investors will be greeted to volatility in the days and weeks ahead. Though overwhelming at times, I encourage investors to avoid letting these global macroeconomic headwinds scare them out of the markets entirely. Dividend-yielding equity ETFs like DVY and PID can help make the current environment more bearable.
Written by Don Dion in Williamstown, Mass.Select the service that is right for you!
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