WIP - WIP: International Inflation Hedge ETF Above-Average 6.9% Dividend Yield

2024-01-26 12:17:48 ET

Summary

• WIP invests in international inflation-protected bonds.
• WIP yields 6.9%, higher than comparable U.S. funds, due to elevated inflation abroad, but the dividends are volatile and riskier than average.
• Overall, WIP's yield is quite good for a fund with its characteristics.

I last covered the SPDR FTSE International Government Inflation-Protected Bond ETF ( WIP ) in early 2022. In that article , I argued that WIP made little sense as an investment, and seemed plainly inferior to funds focusing on U.S. treasury inflation-protected securities, or TIPs. WIP has underperformed relative to these securities and broader bond indexes, broadly in line with my expectations....

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