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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (35195)	8/26/2009 1:55:32 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78658

European utilities: Thanks for the suggestion of RWEOY. I'm going to pass on that one for now because I already have a German one, (German based, but international in operations), your suggestion of EONGY. I have picked up a few shares of Italian/Spanish Enel at prices lower than currently. If the stock drops back, I'm looking to add more. In researching RWEOY, I've come across S&P Global Utilities Sector Index Fund (JXI). JXI fees look to be .48%, and the etf doesn't appear to use leverage. Top ten holdings listed here: etfconnect.com I don't like that there's not much history, especially the dividends with JXI, although the underlying utility holdings should be solid. I also don't like that the etf's distributions seem to be paid semiannually, and they vary. I expect varying distributions from companies that pay using the European model. (by which I mean dividends are increased in good times, and if earnings are not good (i.e. drop), stockholders can expect the dividend will be cut.) On balance though, the 4.9% yield from a pack of utility stocks like this looks okay for me for a "mom" account.