NEW YORK ( TheStreet) -- As the world watches and waits for the outcome of the U.S. government's ongoing tussle about expiring tax legislation ad nausea, some prescient investors are looking abroad for the other prizes and pay-days.We are cautiously optimistic about the U.S. economy for 2013 and hopeful that a last minute resolution of the fiscal fandango will surface between the cantankerous political factions before 2012 ends. In case something less than encouraging unfolds, it may be in our best investment interests to look overseas.
The ETF has a current dividend yield of 4.45%. Over 12% of the holdings of the fund are represented by the natural resources, mineral and energy conglomerate BHP Billiton (BHP), which alone has a dividend payout that yields around 3% at a price of $76. The second-biggest holding in EWA is Commonwealth Bank of Australia, representing over 10% of the fund's assets. Commonwealth Bank trades on the Australian Securities Exchange. Most of the other holdings are headquartered in Australia except U.K.-based Rio Tinto Ltd (RIO). >>Also see: Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust- enjoy advance notice of every trade, full access to the portfolio and deep coverage of the latest economic events and market movements.