BETHESDA, Md.--(BUSINESS WIRE)--ProShares, the leader in dividend growers ETFs, today launched the ProShares MSCI Europe Dividend Growers ETF (EUDV). EUDV is the first ETF focused on European companies that have consistently grown their dividends year over year.
“Dividend growth has historically been an indicator of a company’s financial strength and return potential,” said Michael L. Sapir, co-founder and CEO of ProShare Advisors, LLC, the advisor to ProShares. “We are pleased to add a Europe-focused fund to our suite of dividend growers ETFs.”
According to Ned Davis Research, both U.S. and international companies that grew their dividends year over year outperformed companies that did not.1
ProShares now offers five dividend growers ETFs, including three U.S. and two international funds. ProShares’ first dividend growers ETF, ProShares S&P 500 Dividend Aristocrats ETF (NOBL), was named “ETF Product of the Year” at the 2014 William F. Sharpe Indexing Achievement Awards.
ProShares’ Dividend Growers suite includes the following ETFs, all of which are listed on NYSE Arca:
|ProShares ETF||Ticker||Index||Market Segment|
S&P 500 Dividend
|NOBL||S&P 500® Dividend Aristocrats® Index||U.S. large cap|
S&P MidCap 400 Dividend
S&P MidCap 400® Dividend
|U.S. mid cap|
Russell 2000 Dividend
|SMDV||Russell 2000® Dividend Growth Index||U.S. small cap|
MSCI EAFE Dividend
|EFAD||MSCI EAFE Dividend Masters Index||
MSCI Europe Dividend
MSCI Europe Dividend Masters Index
About the Index
The MSCI Europe Dividend Masters Index targets companies that are currently members of MSCI Europe and have increased dividend payments each year for at least 10 consecutive years. The index contains a minimum of 25 stocks, which are equally weighted. No single sector may compose more than 30% of the index and no single country may compose more than 50% of the index. If there are fewer than 25 stocks with at least 10 consecutive years of dividend growth, or if sector or country caps are breached, the index will include companies with shorter dividend growth histories. The index is rebalanced each February, May, August and November, with an annual reconstitution during the November rebalance.
ProShares offers the nation's largest lineup of alternative ETFs. We help investors to go beyond the limitations of conventional investing and face today's market challenges. ProShares helps investors build better portfolios by providing access to alternative investments delivered with the liquidity, transparency and cost effectiveness of ETFs. Our wide array of alternative ETFs can help you reduce volatility, manage risk and enhance returns.
1 Source: Ned Davis Research analysis reflecting the performance of groups of companies underlying the Russell 3000 Index, a measure of the broad U.S. equities market, and of the MSCI EAFE Index, a leading index of developed markets outside North America. Data for Russell 3000 companies is from February 2, 1987 through December 31, 2014. Data for MSCI EAFE companies is from June 30, 1996 through June 30, 2015.
ProShares has the largest number of ETFs focused on dividend growers—companies that have increased cash dividend payouts year over year for an extended period of time.
ProShares has the largest lineup of alternative ETFs in the United States according to Strategic Insight, based on analysis of all the known alternative ETF providers (as defined by Strategic Insight) by their number of funds and assets (as of 1/31/2015).
Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
Investing involves risk, including the possible loss of principal. This ProShares ETF is diversified and entails certain risks, including imperfect benchmark correlation and market price variance, that may decrease performance. Investments in smaller companies typically exhibit higher volatility. International investments may involve risks from: geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability. The fund may be adversely affected by economic uncertainty experienced by various members of the European Union. Please see summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Obtain them from your financial advisor or broker-dealer representative or visit ProShares.com.
"MSCI," "MSCI Inc." and "MSCI Index" are service marks of MSCI and have been licensed for use by ProShares. ProShares have not been passed on by MSCI or its affiliates as to their legality or suitability. ProShares based on MSCI indexes are not sponsored, endorsed, sold or promoted by MSCI or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor.