This ETF tracks the Zacks International Multi-Asset Income Index. This benchmark is comprised of 150 stocks selected, based on investment and other criteria, from a universe of international companies, global REITs, master limited partnerships, Canadian royalty trusts, American depositary receipts of emerging market companies and U.S. listed closed-end funds that invest in international companies, and at all times is comprised of at least 40% non-U.S. securities.
This fund looks to identify a diversified group of companies with potentially high income and superior risk-return profiles, as determined by the index provider, in an effort to potentially outperform the MSCI EAFE Index and other benchmarks on a risk-adjusted basis. The Index constituent selection methodology utilizes multi-factor proprietary selection rules to identify those stocks that offer the greatest potential from a yield and risk/return perspective. The product holds about 150 securities in total and has exposure to both developed and emerging economies around the world. With that being said, HGI does have a tilt towards European and North American firms which comprise the biggest chunks of its holdings. For more information about the fund, make sure to check out HGI’s home page.
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