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Summary IGRO invests in non-U.S. stocks with at least 5-year history of dividend increases. It excludes high-yielders and pays attention to the payout ratio and earnings forecasts. In the current version, IGRO is overweight in Japanese, Canadian, Swiss, and UK equities. For now, its distribution growth is inconsistent. It has delivered a negative double-digit total return YTD, underperforming a few peers but being marginally ahead of the market. A Hold rating looks apt due to the mix of advantages and risks IGRO has at the moment. Jenhung Huang/iStock via Getty Images It has been over a year since I covered the iShares International Dividend Growth ETF (BATS: IGRO ), so it seems an update is long overdue. To begin with, IGRO is one of the myriads of options to express a bullish opinion on international stocks, while also enjoying a sustainable and gradually growing income stream (there are nuances that will be addressed below in the article). The smart-beta Morningstar Global ex-US Dividend Growth Index lies at the crux of its investment strategy. Its methodology is based on a few screens designed to filter out low-quality companies incapable of increasing dividends consistently. The first quasi-quality screen is based on […]
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