Mike S. Newton, CIM FCSI
Horizons Global Dividend ETF
HAZ-T
COMMENT
Jul 03, 2015
He likes the holdings in this. It has more of a conventional view on global dividend. It is not just about the dividend it pays, but also the ability to generate free cash flow and raise their payout over time. Very attractive.
5-6% yield and market pays 2-3% growth, so you can put yield in your pockets for years. G.P.S. = growth payout sustainability of dividends. This is what you want and this one is the perfect way to do that.
One issue he has with any sort of global dividend ETF is that from a tax point of view it is treated as income. Geographic distribution is 70% US, 10% UK and 3.5% Canada. This is not a bad one and he doesn’t have a problem with it.
Expensive, but is actively managed by Guardian Capital using a quantitative methodology to screen global blue-chip companies for growth, profitability and sustainability. In the long term it has been a great exposure to the world.
An active strategy to own the best paying global dividend stocks. Dividends are just one factor. Sometimes they work well and not others. He thinks dividends will underperform for the next 6 months as we consider what Trump’s spending and inflation will look like.
(A Top Pick May 26/16. Up 5.22%.) Global, so it can hold US companies, Canadian companies, etc. This has one of the longer track records, so he can analyse its performance. Has found that it has lower volatility.
He likes the holdings in this. It has more of a conventional view on global dividend. It is not just about the dividend it pays, but also the ability to generate free cash flow and raise their payout over time. Very attractive.