Importantly, NOBL features a combined weight of 40% to the industrial, materials, financial services and energy sectors, each of which outperformed the S&P 500 during the Fed’s last tightening cycle from 2004 to 2006. [Fighting Rate Hikes With Dividend Growth ETFs]
NOBL’s success spurred ProShares to introduce a global dividend growth product. The ProShares MSCI EAFE Dividend Growers ETF (NYSEArca: EFAD) debuted in August. EFAD follows the MSCI EAFE Dividend Masters Index, which holds members of the MSCI EAFE Index that have increased their dividends for at least 10 straight years.
ProShares S&P 500 Aristocrats ETF
ETF Trends editorial team contributed to this post.