Quote:
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.
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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.