IDVO seems thinly traded and hasn’t been around long. I would appreciate your insight, and thoughts, very much. Is this a good vehicle at current prices for additional diversification with a good dividend. If not IDVO, do you have a different ETF for international exposure?
IDVO is still tiny at $34M, with fees of 0.65%. YTD return is 10.46% and it has traded since last September. In terms of concentration, we note it has 64 securities, and the biggest holding is just over 5%. We would consider this more than adequate diversification. 15% of the fund is invested in the UK right now, and 9% in China. We recognize a few of the top holdings, though being international we don't know them well. Banks are 16% of the fund today and oil and gas stocks are 14%. We do not see anything to worry about here, but we would like to see $75M+ in assets, and of course a longer performance history. But so far, so good. For now, we would suggest VI. It is larger, cheaper and has better performance. VI is hedged to the C$ but has no North American exposure. Many 'international' funds have too much US exposure for most investors, who may already have exposure through other securities.