For investors looking to limit U.K. exposure while still participating in some of that market’s upside, the ProShares MSCI Europe Dividend Growers ETF (CBOE: EUDV) is an ETF to consider. EUDV allocates 39.70% of its weight to U.K. stocks, by far the fund’s largest geographic exposure.
EUDV can help investors access European equities with steady track records of rising payouts. EUDV tracks the MSCI Europe Dividend Masters Index, which requires member firms to have boosted payouts for at least 10 consecutive years. EUDV is up 4.22% this month.
As for EWU, that ETF “had concluded January with a decisive takeout of the key 80-day moving average that had capped its late-September highs. The strength of the U.K. equity fund’s bullish trend is backed up by its 14-day Average Directional Index (ADX), which is holding above 30 — pointing to a high-momentum move up the charts, as opposed to the final legs of a waning rally,” notes Schaeffer’s.
For more information on the global markets, visit our global ETFs category.