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A Foreign Telco Services Income Index

Posted on Thursday, August 7th, 2008 | In Market Commentary
Contributed by: Mike Havrilla (http://mikehav.blogspot.com/) -

Click on the accompanying image for a full-screen view of the 64 stocks eligible for inclusion in my Foreign Telecom Services Income Index, which includes ex-US/Canada telcos over $1 billion (USD) market caps with trailing 12-month dividend yields over 2%. The trailing 12-month results for this index compare favorably to the overall US market and telecom fund peer group with an equal-weighted total return of +0.6% (5.5% dividend yield and -4.9% stock price change) and market cap-weighted total return of 5.3% (4.8% dividend yield and 0.5% stock price change). The telecom fund peer group consists of the Emerging Market Telecom Fund (ETF), iShares Dow Jones US Telecom (IYZ), and iShares S&P Global Telecom (IXP), which all fared worse with lower dividend yields compared to my Foreign Telco Services Income Index. The Foreign Telco Services Income Index also has a higher dividend yield than my Global Tobacco Income Index of 23 companies with an average yield of 4% (equally weighted) and 4.4% (market cap weighted). The 31 remaining foreign telcos with dividends yields less than 2% are included in the table below.

Last 5 posts by Mike Havrilla

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About Mike Havrilla (http://mikehav.blogspot.com/)

The MikeHav Market Blog provides investors with a free source of stock profiles, tools, and commentaries focused on
carbon credits, the healthcare sector, exchange-traded funds (ETFs), and innovative companies across all industries.

I am a pharmacist and index developer who has been investing since August 1997 and freelance writing for investors since April 2007. I am also an avid runner since 1992 and have completed 18 marathons (26.2 miles) with a personal best time of 2 hours, 54 minutes.

I can be contacted via email at mikehavrx[at]yahoo[dot]com.

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