iShares High Growth ESG ETF (IGRO)
ASX 
Summary
Dividend Growth ETF (IGRO) Hits Fresh 52-Week High
IGRO hits a new 52-week high as strong global markets and rising demand for income-generating ETFs fuel momentum.
IGRO: Not A Good Time For Dividend Growth
iShares International Dividend Growth ETF is rated a hold due to portfolio flaws and the availability of superior alternatives like LVHI. IGRO's backward-looking dividend growth strategy lacks quality screens, resulting in higher volatility, sector/geographic concentration, and underperformance versus LVHI. LVHI outperforms IGRO on risk-adjusted returns, yield, and liquidity, making it a more compelling choice for global ex-US dividend exposure.
IGRO: Risk-Reward For A Long Position Is Not Very Ideal
IGRO which follows a group of 450 international dividend growers has generated returns of close to 15% and outperformed global markets by around 330 bps this year. We measure how IGRO stacks up against its more popular peer- VIGI. While IGRO's portfolio may appeal to those fishing for beaten down and cheaply valued opportunities across the globe, we find that the risk-reward on the standalone chart is not ideal.
iShares High Growth ESG ETF (IGRO) FAQ
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iShares High Growth ESG ETF Profile
| ASX Exchange | US Country |
Overview
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.
Products and Services
- Index Tracking Investments - The fund invests primarily in the component securities of the index, ensuring that it closely follows the performance of its benchmark, which is selected for its dividend growth characteristics. This forms the core of the fund's investment strategy, aiming to provide investors with exposure to international equities known for their consistent history of growing dividends.
- Economically Similar Investments - Beyond direct index constituents, the fund may allocate up to 80% of its assets in investments with economic characteristics substantially identical to those of the index components. This flexibility allows the fund to capture the essence of the index's performance, while also potentially leveraging opportunities for enhanced returns through similar securities not included in the index.
- Derivative and Cash Holdings - To manage risk and seek to enhance returns, the fund has the capability to invest up to 20% of its assets in derivatives (such as futures, options, and swap contracts), as well as cash and cash equivalents. These instruments may be utilized for hedging purposes, to more effectively manage the portfolio’s exposure to international markets, or to take advantage of specific investment opportunities without straying from the fund's primary focus on dividend growth.
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