IGRO focuses on owning high-quality dividend-growth companies domiciled outside of the US. I see value in the fund given its low 14x P/E, while the sector breakdown is diversified. With bullish seasonality in play, I highlight key price levels to monitor.
A diversified portfolio of dividend-paying stocks is likely to perform well when interest rates are lowered. International stock valuations are not as inflated as U.S. stocks, offering the potential for more affordable purchases. The healthcare sector provides stability and dividend payments, making it appealing during market volatility, and it is the second-largest sector in IGRO.
The iShares International Dividend Growth ETF owns a portfolio of international dividend growth stocks, with a concentration in Canada, Japan, and Switzerland. IGRO had a rough ride in 2022 but has since recovered, though its return is still lower than the S&P 500 index. IGRO's fund price may be impacted by currency rates and the Federal Reserve's monetary policy.
IGRO IGRO 2 days ago | Other | $0.87 Per Share |
IGRO IGRO 3 months ago Paid | Quarterly | $0.27 Per Share |
IGRO IGRO 6 months ago Paid | Quarterly | $0.33 Per Share |
IGRO IGRO 8 months ago Paid | Quarterly | $0.4 Per Share |
IGRO IGRO 11 Jun 2024 Paid | Quarterly | $0.63 Per Share |
IGRO IGRO 2 days ago | Other | $0.87 Per Share |
IGRO IGRO 3 months ago Paid | Quarterly | $0.27 Per Share |
IGRO IGRO 6 months ago Paid | Quarterly | $0.33 Per Share |
IGRO IGRO 8 months ago Paid | Quarterly | $0.4 Per Share |
IGRO IGRO 11 Jun 2024 Paid | Quarterly | $0.63 Per Share |
CXA Exchange | United States Country |
The fund represented focuses on replicating the performance of a specific international equities index characterized by its constituents' consistent dividend growth. It meticulously selects its investments, aiming to represent the index's dividend dollars weighted performance. A significant commitment is seen in its strategy to allocate at least 80% of its assets towards the securities that comprise the index alongside investments that share similar economic characteristics. This approach underscores the fund’s dedication to closely mirroring the index’s performance while potentially offering investors the benefits of international dividend growth.