Opinions
Mike S. Newton, CIM FCSI
iShares Emrg Mkt Div ETF
DVYE-N
TOP PICK
Dec 19, 2012
$55.200
Stock price when the opinion was issued
E.T.F.'s
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PAST TOP PICK
(A Top Pick Dec 19/12. Down 8.41%.) He would have felt that out of the 3 Top Picks, this would have been his best choice. Had 2 very appealing underlying elements to it. 1.) Had felt emerging markets were on the verge of really breaking out and that call was too early. 2.) The dividend theme. Thinks he was broke even on this name.
E.T.F.'s
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The big, big name in this space is Wisdom Trade (?), which is about $4 billion. This is a small fund. What is happening is that pension funds globally, sovereign wealth funds, insurance companies are looking for ways to diversify their yields. Interesting play because you have a very much changing philosophy around payout ratios of companies in emerging markets. Thinks the dividend theme is graduating on the global scale of what kind of risks people want to take.