The 5 Best and Worst Performing Foreign Banks YTD

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With less than two weeks remaining this year, its time to take a quick look at the performance of foreign bank stocks. In this post, let me list the five best and worst performing foreign bank ADRs.

The 5 Best Performing Foreign Bank Stocks YTD:

1.Banco Macro (BMA)
Country: Argentina
YTD Change: 171%

2.Woori Finance (WF)
Country: South Korea
YTD Change: 157%

3.Grupo Financiero Galicia (CGAL)
Country: Argentina
YTD Change: 146%

4. BBVA Banco Frances (BFR)
Country: Argentina
YTD Change: 115%

5.Banco Bradesco (BBD)
Country: Brazil
YTD Change: 106%

The 5 Worst Performing Foreign Bank Stocks YTD:

1.Lloyds Banking Group (LYG)
Country: The UK
YTD Change: -56%

2.Royal Bank of Scotland (RBS)
Country: The UK
YTD Change: -36%

3.Mizuho Financial (MFG)
Country: Japan
YTD Change: -33%

4.Allied Irish Banks (AIB)
Country: Ireland
YTD Change: -19%

5. Mitsubishi UFJ Financial (MTU)
Country: Japan
YTD Change: -15%

Four of the best performing five banks are from Latin America. Among the worst performing banks, two are the UK and two from Japan. Royal Bank of Scotland and Lloyds Bank are two of Britain’s own “Too Big Too Fail” banks.

Ten Leading Chinese Stocks

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The Dow Jones BRIC China 15 Index represents the “15 leading companies whose primary operations are in mainland China but whose stocks trade on the exchanges of Hong Kong and the U.S. Eligible stocks include H shares, ADRs/ADSs and U.S.-listed only stocks”.

The stocks in this index are selected based on liquidity and size.The dividend yield of this index is 17.94% as of November 30, 2009. Financials represent about 40% of this index.
Note: Data calculated in USD.

The Top 10 Components of the Dow Jones BRIC China 15 Index are:

Industrial & Commercial Bank of China Ltd.
China Construction Bank Corp. (OTC: CICHY)
China Life Insurance Co. Ltd. (LFC)
Bank of China Ltd. (OTC: BACHY)
PetroChina Co. Ltd. (PTR)
China Shenhua Energy Co. Ltd. (OTC: CSUAY)
China Petroleum & Chemical Corp. (SNP)
Ping An Insurance (Group) Co. of China Ltd. (OTC: PNGAY)
China Merchants Bank Co. Ltd. H (OTC: CIHKF)
Bank of Communications Co. Ltd

PetroChina, China Life Insurance and China Petroleum & Chemical Corp are the only stocks that trade on the New York Stock Exchange. PetroChina is a long-term growth stock. PetroChina bought a 45% stake in Singapore Petroleum Co. earlier this year.

Components of the Dow Jones High Yield Select 10 Index

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The Dow Jones High Yield Select 10 Index measures the top ten companies in the Dow Jones Industrial Average based on indicated annual dividend yield.

The key features of this index:

  • Components are equal-dollar weighted.
  • The index is rebalanced annually. Changes to the Dow Jones Industrial Average during the course of the year are not reflected until the next review.

The Dividend Yield of the index as of November 20th, 2009 is 3.20%.

The Components of the Dow Jones High Yield Select 10 Index and their Current Dividend Yields are listed below:

1.JPMorgan Chase & Co. (JPM)
Current Dividend Yield = 0.49%

2.Merck & Co. Inc. (MRK)
Current Dividend Yield = 4.06%

3.E.I. DuPont de Nemours & Co.(DD)
Current Dividend Yield = 5.15%

4.Verizon Communications Inc. (VZ)
Current Dividend Yield = 5.79%

5.AT&T Inc. (T)
Current Dividend Yield = 6.15%

6.Kraft Foods Inc.(KFT)
Current Dividend Yield = 4.29%

7.Pfizer Inc. (PFE)
Current Dividend Yield = 3.93%

8.General Electric Co. (GE)
Current Dividend Yield = 2.57%

9.Bank of America Corp. (BAC)
Current Dividend Yield = 0.27%

10.Alcoa Inc.(AA)
Current Dividend Yield = 0.82%

Alcoa, Bank of America, GE and JPMorgan Chase have very low yields. They are included in this index since the index is re-balanced annually in December.

A Review of Canadian Dividend ETF

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One of the ETFs that tracks the performance of top Canadian dividend stocks is The Claymore S&P/TSX Canadian Dividend ETF which trades on the Toronto Stock Exchange (TSX) with ticker CDZ. This ETF replicates the performance of S&P/TSX Canadian Dividend Aristocrats Index.

A company should satisfy the following criteria to become a member of the S&P/TSX Canadian Dividend Aristocrats Index:

  1. The company’s common stock or income trust must be listed on the Toronto Stock Exchange and must be a member of the S&P Canada Broad Market Index
  2. The company should have raised ordinary cash dividends every year for at least five consecutive years
  3. The float-adjusted market capitalization of the security is at least C$ 300M

The ETF has an asset base of $158M and the management fee is 0.60%. Distributions, if any, are done monthly. The fund has a heavy concentration in financials which accounts for about 46% of the portfolio. There are 70 companies in the portfolio with representation from the banking, energy, utility, materials, consumer discretionary and other sectors. The current yield is 5.49%. Note: All data is based on Canadian $.

To Download the constituents of the Claymore S&P/TSX Canadian Dividend ETF in Excel click here.

To download the latest FactSheet click here.

28 Foreign Electric Utilities Listed on the OTC Markets

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Some of the foreign electric utility companies trading on the OTC markets have high dividend yields.  A few of the excellent electric utilities in this group include  E.ON AG (OTC: EONGY) of Germany, Iberdrola (OTC: IBDRY) of Spain, Energias De Portugal (OTC: EDPFY)  of Portugal and Scottish and Southern Energy Plc (OTC: SSEZY) of UK. The current dividend yields of these stocks are listed below:

E.ON AG: 4.96%

Iberdrola: 4.46%

Energias De Portugal: 4.31%

Scottish and Southern Energy Plc: 8.19%

The Complete List of Foreign Electric Utilities listed on the OTC exchanges are shown below:

[TABLE=258]

It must noted that many of these stocks are lightly traded on a daily basis and may not be suitable for all investors.