The world of change traded funds (ETFs) is loaded with “me too” acts and sequels. Some are “Godfath
The world of change traded funds (ETFs) is loaded with “me too” acts and sequels. Some are “Godfather II” caliber whereas others reside within the utterly forgettable category.
The Vanguard Worldwide Excessive Dividend Yield ETF (VYMI) actually resides within the former class. VYMI debuted in early 2016 because the worldwide counterpart to the Vanguard Excessive Dividend Yield (VYM), one of many largest home dividend methods. Since then, VYMI has attracted $1.27 billion in assets underneath administration, cementing its “Godfather II” standing whereas making it one of many fastest-growing worldwide payout funds.
VYMI follows the FTSE All-World ex US Excessive Dividend Yield Index and likes it home counterpart, lobs off the next yield than competing, non-dividend indexes. The Vanguard fund’s present dividend yield is 4.28%, or 183 foundation factors above the MSCI ACWI ex USA Index. At a time when Treasury yields are faltering and broader home fairness benchmarks are providing barely noticeable yields, VYMI is a compelling thought for income-seeking investors as a result of it yields almost 250 foundation factors greater than the S&P 500.
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