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A New Low Volatile International ETF For Dividend Lovers

Published Tue, 09 Aug 2016 06:40:38 -0400 on Seeking Alpha

Charged up by the success of its U.S. version, Legg Mason recently launched the international replica of Legg Mason Low Volatility High Dividend ETF (Nasdaq: LVHD). The new product Legg Mason International Low Volatility High Dividend ETF (BATS: LVHI) hit the market in late July. Let's delve a little deeper into the fund:
Inside LVHI
The fund looks to follow an index consisting of equity securities of developed markets outside the U.S. having characteristics like relatively high yield but low earnings volatility and price. The fund also takes care of currency translation issues, as per the issuer, as it lessens "exposure to fluctuations between the values of the U.S. dollar and other international currencies."
The fund holds 120 stocks in total. No stock accounts for more than 3.02% of the portfolio. Astrazeneca Plc (NYSE: AZN), Toyota Motor Corp. (NYSE: TM) and GlaxoSmithKline Plc (NYSE: GSK) are top three companies. The fund charges 40 bps in fees.
How Does This Fit in a Portfolio?
With the international market likely to remain rocky in the coming months on a host of issues including Brexit, persistent growth concerns, oil price upheaval, possibilities of rate hikes in the U.S. and the resultant strength in the greenback, demand for low volatile products should be strong. Low volatile products normally do not offer enormous returns in a bull market but safeguard one's portfolio to a large extent when the marker is crashing.
Moreover, interest... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GLAXOSMITHKLINE 41.03   18.4 2.23 1.83 4.47
TOYOTA MOTOR 135.79   11.4 11.91 3.89 2.91
ASTRAZENECA 42.90   49.3 0.87 0.88 2.03


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