Originally Posted by wab
PID doesn't have any exposure to Asia from what I read.* *I'd want a chunk of exposure to those economies.* *With EFV, he'd at least have a chunk of Japan but still no emerging Asian economies.
Oh, c'mon, Wab, you're fishing in the wrong place. I'm not buying PID for exposure to Asia and you shouldn't be using that as a reason to not buy PID.
First, with 90 seconds of research I noted that PID's fourth-largest holding is Nam Tai Electronics, which claims to be headquartered in Hong Kong. So you're not reading enough.
Second, the ETF is based on a dividend index and not on country sectors. If you want more exposure to Asia then you should go find a country sector fund.
Third, if Asia is indeed under-represented in PID, I wonder if it's because their companies aren't paying enough dividends to meet Mergent's criteria. So you apparently have a choice right now-- Asia or dividends, but not a lot of both in PID.
It's possible over the next decade that more Asian companies will be added to the index. But I bet that whatever companies are in the dividend index will be outperforming most of the companies that aren't, no matter what language they write their reports in. I think that performance is more important than an arbitrary map line.