I am considering investing 1/3 of my equity exposure in the $FLXD (-5.77%) in the European high-dividend stocks. 2/3 are in an MSCI World Quality ETF, i.e. USA-heavy.

Better diversification because Europe? And simply taking the dividend of almost 4% is not bad either? But I don't always need the money from the distribution immediately, so I reinvest it...

Or would I rather invest in a non-distributing ETF?