(IGRO) iShares International - Ratings and Ratios

The iShares International Dividend Growth ETF (IGRO) is a Foreign Large Blend ETF listed on the BATS exchange. It is designed to track dividend-paying stocks outside the US, focusing on companies with a history of dividend growth.

To evaluate IGROs performance, key metrics to consider include dividend yield, payout ratio, and the funds expense ratio. A higher dividend yield may indicate undervaluation or a higher return potential, but it also increases the risk of dividend traps. The payout ratio is crucial as it measures the sustainability of dividend payments. A lower expense ratio is preferable as it directly impacts net returns.

Key economic drivers for IGRO include global economic growth, interest rates, and currency fluctuations. As IGRO invests in international stocks, it is exposed to foreign exchange risks. A strong US dollar can negatively impact returns for US investors. Global economic growth and interest rates influence dividend-paying stocks attractiveness relative to other asset classes.

To assess IGROs effectiveness, one should monitor its tracking error against its benchmark, typically an international dividend-focused index. A lower tracking error indicates better replication of the underlying index. Additionally, examining the funds sector allocation and geographic diversification can provide insights into its risk profile and potential for long-term growth.

From a quantitative perspective, metrics such as the Sharpe ratio, Sortino ratio, and information ratio can be used to evaluate IGROs risk-adjusted performance. These metrics help in understanding the funds return per unit of risk taken, its ability to manage downside risk, and its performance relative to its benchmark, respectively.