Hello, this is Fund Maedup. When I hear about European dividend stocks, I worry because European products are not very popular, so I'm concerned that the number of views might drop. I will talk about the Tiger Euro Stoxx Dividend 30 ETF. I met a customer who invests in funds that focus on European stocks in their retirement pension account, so I ended up filming a video today. The red one is European Leaders 40, which is 40% stock-weighted and includes bonds and derivatives. The green one is Euro Stoxx 50, which you may have seen classified as ELS basic assets. You may have noticed that it rose a lot last November and also this year. It has increased by approximately 23%, so if you compare it with a 40% stock weight, it should have risen by over 99%, but it hasn't risen that much. There may be some conservative tendencies as well.

I think there may be a positive effect due to the end of the year, but this year in Europe, there are some articles coming out recently about interest rates and predictions. In some parts of Europe, discussions about interest rates are emerging, and countries may have expectations like this. However, some are saying that European stock markets will rebound next year. Some say that it has been rising for a long time, now hesitating, experiencing a brief correction, and will rebound next year. It seems that a survey was conducted. Around 73% of fund managers and analysts answered that the possibility of a stock market correction is low. For example, Barclays interpreted the interest rate hike as positive, while Bank of America's global research manager expects a decline in the first half of next year due to the possibility of a US economic downturn. However, European markets have attractive stock valuations.

This is a discussion that was less raised. It's about the comparison with the U.S. and the diversified market, excluding gold, mentioning that banks, utilities, chemicals, and real estate have diversified. This part is a bit different to look at because it's a less talked-about topic, so I think there might be a high potential for growth in the future since it hasn't risen much. On the contrary, considering that the growth is low, dividend stocks have come to mind at this point. If growth stocks are lacking, then wouldn't cash flow be more important in the future? I've also thought about considering dividends, performance, growth trends, and trading volume. There is an ETF that tracks the index of companies established in 12 Eurozone countries and traded in euros, called Mirae Asset ETF. Naturally, you can imagine that the financial sector has a high weight in the sector, and the top ten stocks include ING, BNP, Barclays, and then Credit Agricole.

Famous banks and insurance companies catch the eye. Looking at the recent distribution situation, if we divide the actual dividend of about 750 won that came out last year, 2020, by the current market price level, we can see that it is roughly around 5.9%. In terms of European dividend stocks, they have increased quite a bit in this aspect. For those who are a bit anxious about this in the short term, it might be an opportunity to withstand with dividends that can provide some cushioning. From that perspective, the blue-colored European dividend ETF seems better than the Euro Stoxx 50 index recently. It seems worth considering. Of course, if something better comes up here, I would like to take it when there is a slight decrease of about 5%. However, since the ETF is not large in scale and the trading volume is a bit small, there is some uneasiness. In fact, what's more concerning is the fund, which is rated as grade 4 and invested.

When you look at the manual, there is a fund called the European Leaders Securities Mo Fund that the fund invests in. This is what they call a fund of funds that the basic fund is investing in overseas funds, which they call a feeder fund. The size of this is not even close to 100 million won, it's about 81.6 billion won. There is a concern that even abroad, there may be worries about this being liquidated or investors withdrawing money because not much money is coming into funds due to the trend of ETFs. In Korea, the feeder funds that invest in overseas funds are even more serious. It's only about 21 billion won in Korean won. Indirect funds that invest in overseas funds like this are actually forced to liquidate, mainly excluding them, so even if they don't become small right away, depending on the discretion of the management company, the fund size may become smaller.

There is a possibility that it may be released by classifying it as a small-scale fund, so I think you should be careful in investing in this area. I would like to suggest changing it to a form where you try including dividend ETFs like ETFs instead of just stock funds or bond funds as before. Thank you.

유럽배당주ETF 시가배당률5.9% 괜찮은데요?

아는 만큼 보인다.
시황, 펀드, ETF, 투자를 공부합니다.
내가 보유하고 있는 ETF, 펀드가 제대로 운영되는지, 지금 시장 상황에 잘 맞는지 
문의 주시면 상담해드립니다.

*강의, 광고, 1:1 상담 문의  fundmedic@naver.com
