Invesco International Dividend Achievers ETF (PID)

Overview

The Invesco International Dividend Achievers ETF (PID) seeks to track the NASDAQ International Dividend Achievers Index, which is designed to measure the performance of companies (excluding the U.S.) that have increased their annual dividend for at least five consecutive years. The ETF primarily focuses on developed international markets and uses a dividend growth investment strategy.

Reputation and Reliability

Invesco is a well-established global investment management firm with a long history and strong reputation in the ETF market.

Management Expertise

Invesco has a dedicated team of experienced portfolio managers and analysts with expertise in dividend investing and international markets.

Goal

The ETF aims to provide investment results that correspond generally to the price and yield of the NASDAQ International Dividend Achievers Index.

Investment Approach and Strategy

Strategy: The ETF tracks a specific index, the NASDAQ International Dividend Achievers Index.

Composition The ETF primarily holds stocks of international (non-U.S.) companies that have a history of increasing dividends.

Market Share: PIDu2019s market share in the international dividend ETF sector is moderate.

Total Net Assets (AUM): 370000000

Key Competitors

• SPDR S&P International Dividend ETF (DWX)
• FlexShares International Quality Dividend Defensive Index Fund (IQDE)
• WisdomTree International High Dividend Fund (DTH)

Competitive Landscape

The international dividend ETF market is moderately competitive, with several established players. PID benefits from Invesco's brand and focuses on dividend growth. However, DWX and DTH have larger AUM and may offer higher yields, while IQDE focuses on quality factors. PID's dividend growth screen may limit its universe, but it can also lead to a portfolio of financially stable companies.

Historical Performance: Historical performance data needs to be retrieved from financial data providers (e.g., Yahoo Finance, Bloomberg) for specific time periods.

Benchmark Comparison: Benchmark comparison would involve comparing PID's returns to the NASDAQ International Dividend Achievers Index.

Expense Ratio: 0.0053

Average Trading Volume

The average trading volume for PID is moderate, indicating reasonable liquidity for most investors.

Bid-Ask Spread

The bid-ask spread for PID is typically tight, suggesting relatively low transaction costs.

Market Environment Factors

Economic growth in developed international markets, interest rate policies of international central banks, currency fluctuations, and global trade conditions can impact PID's performance.

Growth Trajectory

PID's growth trajectory depends on the increasing popularity of dividend investing and the continued strength of international dividend-paying companies. Changes in index methodology could also impact holdings.

Competitive Edge

PID's competitive advantage lies in its focus on dividend growth, filtering for companies with a history of increasing dividends. This strategy potentially selects financially stable companies that are committed to returning value to shareholders. Invesco's established brand and distribution network also contribute to its competitive positioning. However, the dividend growth screen might limit the ETF's investment universe compared to broader international dividend ETFs. The focused approach provides differentiation within the international dividend ETF landscape.

Volatility

Historical volatility data needs to be retrieved from financial data providers to assess PID's price fluctuations.

Market Risk

PID is exposed to market risk in international equity markets, including currency risk, political risk, and economic downturns in specific countries. Companies may also cut dividends, impacting the ETF's income stream.

Ideal Investor Profile

The ideal investor for PID is a long-term investor seeking dividend income and capital appreciation from international equities with a focus on companies with a history of dividend growth.

Market Risk

PID is suitable for long-term investors who are comfortable with international equity risk and seeking dividend income.

The Invesco International Dividend Achievers ETF (PID) offers exposure to international companies with a history of increasing dividends. Its focus on dividend growth can provide stability and income, but also limits its investment universe. Investors should consider its expense ratio, liquidity, and exposure to international market risks. PID is best suited for long-term investors seeking international dividend income and capital appreciation with a focus on dividend growth companies.

Data Sources:

• Invesco Official Website
• ETF.com
• Morningstar
• Yahoo Finance

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. Market data is subject to change.