Invesco International Dividend Achievers ETF (NYSE:PID) with $177 million in total assets invests in non-U.S. companies that have increased their aggregate cash dividend payout consistently for at least five consecutive years. This is one of the few exchange traded funds with a focus on foreign stocks and dividend growth.
PID Investment Thesis
The PID ETF has gained momentum in recent months benefiting from an improving macro outlook which we see continuing through 2020. Easing trade tensions between the U.S. and China is supporting an expectation of a rebound in global growth and bullish