Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (18) |
Author: mungofitch ✹✺🐝 SILVER
SHREWD
  😊 😞

Number: of 86256 
Subject: Fund, MEWD
Date: 08/15/26 9:47 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 11
Though it's more of a board for individual stocks, I thought I'd pass on a fund I thought interesting. Inception only last year.

Equal weight MSCI European stocks, about 400 names. Not just euro area, so it includes UK, Sweden, Switzerland. Fees are 0.2%, about the same as RSP, the equal weight S&P 500 fund.

Current dividend yield is about 2.3%, which is *after* all withholding taxes. Perhaps surprisingly, that is how it is normally reported. I think the gross is around 2.7%. For folks in most countries, the gap (the tax withheld) is largely available as a tax credit on your home country tax return.

There are two versions, MEWD which distributes the dividends, and MEEQ which automatically reinvests them (the amount after withholding taxes but before your personal income taxes, so better than doing it yourself).
Both are listed in Europe in euros, I believe the reinvesting one is also listed in the UK in sterling and in the US in dollars.
"Invesco MSCI Europe Equal Weight UCITS ETF", and "Invesco MSCI Europe Equal Weight UCITS ETF Distributing"

Sometimes you might just want a one-click purchase that requires no further thought.

Why equal weight? Slightly higher long run returns than cap weight because you're never overweight the overvalued, and far far lower company-specific risk. Higher returns and lower risk, what's not to like?

I have a pricey LLM grinding away calculating the median earnings yield - the average is useless because of its sensitivity to a few outliers.

Jim
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to mungofitch here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 589 posts about Non-US Stocks. The article-length ones it recommended most:
Greggs PLC (GRG.L) · 21 recs · 2025
Topicus: Not Constellation · 16 recs · 2026
Unite Group (UTG), UK, falling knife. · 13 recs · 2025
SKAN · 11 recs · 2025
MELI - Brazilian darling · 10 recs · 2025
Unthreaded | Threaded | Whole Thread (18) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community