Alternative income and yield strategies specialist W E Donoghue & Co (WEDCO) has launched the Power Dividend International Index Portfolio.
The Power Dividend International Index Portfolio invests in 50 high dividend stocks that are selected following a pure mechanical, pure yield process.
The strategy starts with the BNY Mellon CDR Index as its proxy, selects the five highest yielding stocks from each of the 10 GIC sectors, equally weights those 50 stocks at two per cent each and puts WE Donoghue’s tactical overlay on for defence.
“On the heels of our success with the US product, Power Dividend Index Portfolio, along with significant client demand, an international dividend index was a natural evolution for our product suite. Our index differentiator versus all others in the investment landscape is our 26 years of tactical expertise,” says Jeff Thompson, executive vice president and portfolio manager, WEDCO.