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Stulle 🥪
@Stullen-Portfolio
11Lun·

$GGRP (+0,34 %) & $GGRG (+0,4 %)


So, the video (and the podcast) is online and I think Tobi Kramer and Christian Röhl have explained the decline in dividends quite clearly and comprehensibly.


So I'm staying on board unchanged, although for me it's not a dividend ETF but a quality one...so of course it's no secret that I also have the accumulating variant in my Stullen portfolio 💫


Greetings

✌️🥪😎

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DerMartin
@DerMartin
11Lun·

Service-Post on the development of the popular $GGRP (+0,34 %)


I'm already looking forward to the show.

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16 Comentarios
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Joris@JorisInvests
11Lun
Sorry, but the second point they made about higher amount of shares over which the collected dividends need to be distributed which makes the dividend being payed out to etf shareholders smaller, can only be true if WT makes the mistake of not keeping cash balance at same % level after new money floats in. Normally WT will not make that mistake, so it is more related to the adjustments in index composition. This etf is also a sampling etf, so dividends are normally not stored on cash account as for fully replicated ones, but invested in futures. So I hope they put out a video to correct this wrongly namend second point, or that WT comes out and says that they only kept cash at same amount and not %level (but I strongly doubt that they made that mistake, as in previous years the invested amount also rose strongly and this had no negative effect).
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Tobias@TaubeSmash
11Lun
I've just watched the video and I have to admit that although I find the reasoning legitimate, I don't quite understand it. Normally, if something is too difficult to understand, it's not an invest case for me.

I'll wait for July, but if not, I'll have to think about it again.
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Bullnbear@Bullnbear
11Lun
Why doesn't something like this happen at $FGEQ & the dividend increases constantly year after year despite fund inflows? I hear & read something like this for the first time but maybe I just don't understand the topic (even if it is explained to me 3 more times).

I have weighted the ETF quite high & hope July has a record payout, otherwise I may have to reallocate.
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Saarastronaut@Watzeklicker
11Lun
@Bullnbear Depending on how many new shares are issued, the same problem then arises. So I prefer to stick with $FGEQ. The value ticking and the distribution have been better in recent years. There are no such problems.
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Stulle 🥪@Stullen-Portfolio
11Lun
@Bullnbear
If I have understood it correctly, then two different influences that have overlapped unfavorably over time are probably the cause of the effect...🤷
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Yieldrology@Yield-Ahead
11Lun
@Bullnbear I asked myself exactly the same question. As a result, I recently switched from $GGRP to $FUSD, the US equivalent of $FGEQ. It seems to me that the Fidelity ETF indices are better at driving dividend growth. I hope I'm right about that.
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Bullnbear@Bullnbear
11Lun
@Index-Investor that said, this is the second year in a row that dividend growth has gone in the opposite direction (despite record distributions), even though I like the ETF's positions & there is basically no performance alternative for the distribution months 01 / 07, I hope for a strong July.

Even if so, Wisdomtree sent a user here a completely different statement via e-mail than was explained here in the video. I appreciate the expertise of Echtgeld TV, but it is obvious that this is a sponsored video in favor of Wisdomtree.

When it comes to money, reliability is important to me.
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Yieldrology@Yield-Ahead
11Lun
@Bullnbear Absolut d'accord!
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Der_komische_Vogel@Der_komische_Vogel
11Lun
@Watzeklicker I now see genauso💪🏼
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Stulle 🥪@Stullen-Portfolio
11Lun
@Bullnbear
I haven't found the previously posted email reply now, but wasn't that the first of the two explanations from the video? So the changed composition?
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Banana M.@Banana_Millionaire
11Lun
Good video and I understood it at least halfway (I think😅).

After 2 cuts in a row, the dividend growth is still at ~7.5% p.a. since inception and is therefore still intact for me. Added to this is the super performance.

Nevertheless, I have decided to halve the savings amount and use the other half to save in $FGEQ in order to achieve a certain balance.

I now feel comfortable with a 50:50 split between the two ETFs.
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Bischfrötchen@mitpommes
11Lun
Since fund volume growth is cited as a reason for lower distributions: It is not true then that newly issued units do not reduce "my" distribution as a longer holder . Yes, they do not change the share price, but:

Scenario 1 : 100k shares were issued. Shares pay out from Jul-Dec, dividends are collected, the fund volume remains unchanged over the duration and in January the collected dividends are distributed to 100k shares.

Scenario 2: 100k shares have been issued. Shares pay out from Jul-Dec, dividends are collected, but on 31.12. the fund volume doubles (in reality it really does jump in some cases, as shown). In January, the collected div. is distributed to 200k shares - the holders from scenario 1 receive *less* here - no matter what new buyers have paid, as long as it is not distributed to longer holders - but then the effect on the distribution would no longer exist. Paradox. 🤔

That would apply to all comparable distributing ETFs - I've never thought of it that way. Nevertheless, it is strange that it should have such a strong impact on $GGRP.
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AL@AL_85
11Lun
@mitpommes First of all: I haven't seen the video yet, but I just had to think about your post. In my opinion, your dividend already decreases due to new shares, but this is offset by the fact that your ex-dividend discount is also smaller because it is spread over more shares.
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Stulle 🥪@Stullen-Portfolio
11Lun
@Andreas_85 @mitpommes
Yes, the way you describe it, Andreas, is how I understood it in the video. Please continue to write here if you have also seen the video.
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AL@AL_85
11Lun
@Stullen-Portfolio I've now seen the video. I found the explanation there conclusive and it coincides with my previous assessment. In any case, it's a very interesting topic that I hadn't considered before.
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Stulle 🥪@Stullen-Portfolio
11Lun
@Andreas_85
Yes, I think quite a few people here feel the same way...in my perception, however, those who see the ETF as a dividend ETF and have therefore chosen it feel more "affected" 🤷
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