IHDG - LVHI: Unconvincing Currency-Hedged ETF

2024-07-24 17:42:15 ET

Summary

• Franklin International Low Volatility High Dividend Index ETF uses a “stable yield score” to pick stocks outside the U.S.
• The LVHI ETF shows some characteristics of a value fund, and its portfolio is heavy in financials.
• LVHI has underperformed competitors since inception, with variable distributions impacting income stability.
• Investors who are not bullish on the USD or who seek plain exposure to foreign economies would likely prefer a non-hedged fund.

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