At the moment, there are great opportunities for those who seek value and income for their portfolios - particularly for those willing to venture overseas. There are a good half dozen globally oriented ETFs that pay investors an annual yield of at least 8% and trade with price/earnings ratios of just four or less. To boot, they also sport price-to-book ratios of just one or less. (To learn more about other financial ratios, please see Financial Ratio Tutorial.)

Here they are with recent performance numbers for your investment edification.

IN PICTURES: World's Greatest Investors

Plain Vanilla Index Investing
For those who don't want to get too fancy, the SPDR EURO STOXX 50 ETF (NYSE:FEZ) tracks the EURO STOXX 50 Index, a selection of the biggest companies from every sector of the European corporate sphere. U.S. investors may be surprised to find that the fund pays 3.46% annually - more than the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), a proxy for the Dow, which offers investors a paltry 2.73% annual return by comparison.

FEZ trades with a phenomenally low P/E ratio of just 2.79 and a P/B of merely 0.79. It's hard to imagine buying companies of this size at 80% of their break-up value.

For the last three months the shares of FEZ have risen just over 1%, bucking the trend of the American market, whose broad index, represented by the SPDR S&P 500 ETF (NYSE:SPY), is down over the same period.

Closed-End Funds with High-End Returns
The ING Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) is a closed-end fund that seeks a high level of income from dividends on common stocks from around the world. The fund is down over the last three months some 4.5% but yields an annual 11.16% and trades with a P/E of just over 3. Price to book on the shares is 0.92.

IGD's charter permits it to invest in U.S.-based companies, as well. As of the beginning of September, IGD shares traded at a slight premium to net asset value of 0.75 %. The fund pays dividends monthly.

Cohen and Steers Global Income Builder, Inc. (NYSE:INB) is another closed-end fund that pays nicely. The yield on INB shares is 10.56%, and the P/E is 3.32. Price to book comes in at 0.89. In the last three months shares of INB have climbed just under 10%. (Learn more about evaluating stocks, read The 4 Basic Elements Of Stock Value.)

The Wrap
The message is simple. If you want income, go global. If you want income and value all wrapped into one, look to one of the three issues listed above.

Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!

Related Articles
  1. Investing News

    Latest Labor Numbers: Good News for the Market?

    Some economic numbers are indicating that the labor market is outperforming the stock market. Should investors be bullish?
  2. Investing News

    Stocks with Big Dividend Yields: 'It's a Trap!'

    Should you seek high yielding-dividend stocks in the current investment environment?
  3. Investing News

    Should You Be Betting with Buffett Right Now?

    Following Warren Buffett's stock picks has historically been a good strategy. Is considering his biggest holdings in 2016 a good idea?
  4. Products and Investments

    Cash vs. Stocks: How to Decide Which is Best

    Is it better to keep your money in cash or is a down market a good time to buy stocks at a lower cost?
  5. Investing News

    Who Does Cheap Oil Benefit? See This Stock (DG)

    Cheap oil won't benefit most companies, but this retailer might buck that trend.
  6. Investing

    How to Ballast a Portfolio with Bonds

    If January and early February performance is any guide, there’s a new normal in financial markets today: Heightened volatility.
  7. Stock Analysis

    Performance Review: Emerging Markets Equities in 2015

    Find out why emerging markets struggled in 2015 and why a half-decade long trend of poor returns is proving optimistic growth investors wrong.
  8. Investing News

    Today's Sell-off: Are We in a Margin Liquidation?

    If we're in market liquidation, is it good news or bad news? That party depends on your timeframe.
  9. Investing News

    Bank Stocks: Time to Buy or Avoid? (WFC, JPM, C)

    Bank stocks have been pounded. Is this the right time to buy or should they be avoided?
  10. Stock Analysis

    Why the Bullish Are Turning Bearish

    Banks are reducing their targets for the S&P 500 for 2016. Here's why.
RELATED FAQS
  1. Should mutual funds be subject to more regulation?

    Mutual funds, when compared to other types of pooled investments such as hedge funds, have very strict regulations. In fact, ... Read Full Answer >>
  2. Do ETFs pay capital gains?

    Exchange-traded funds (ETFs) can generate capital gains that are transferred to shareholders, typically once a year, triggering ... Read Full Answer >>
  3. How do real estate hedge funds work?

    A hedge fund is a type of investment vehicle and business structure that aggregates capital from multiple investors and invests ... Read Full Answer >>
  4. Are Vanguard ETFs commission-free?

    While some Vanguard exchange-traded funds (ETFs) are available commission-free from third-party brokers, a large portion ... Read Full Answer >>
  5. Do Vanguard ETFs require a minimum investment?

    Vanguard completely waives any U.S. dollar minimum amounts to buy its exchange-traded funds (ETFs), and the minimum ETF investment ... Read Full Answer >>
  6. Can mutual fund expense ratios be negative?

    Mutual fund expense ratios cannot be negative. An expense ratio is the sum total of all fees charged by an asset management ... Read Full Answer >>
COMPANIES IN THIS ARTICLE
Trading Center