ProShares has launched the ProShares MSCI EAFE Dividend Growers ETF, the first ETF that invests in the companies in the MSCI EAFE Index with the best track record of consistent year-over-year dividend growth.
EFAD, which is listed on NYSE Arca, tracks the MSCI EAFE Dividend Masters Index.
"Dividend growth can be an indicator of a company’s financial strength and return potential. In fact, companies in the EAFE index that grew dividends historically produced better returns with lower volatility than the EAFE itself," said Michael L. Sapir, Chairman and CEO of ProShare Advisors, LLC.
"We are pleased to offer an ETF that isolates the companies with the longest track record of dividend growth in the EAFE, the most popular international developed markets index."
Investors have already demonstrated strong interest in a similar dividend growth strategy for the most popular U.S. equity index, the S&P 500.ProShares S&P 500 Aristocrats ETF (NOBL) is the only ETF that isolates the S&P 500 companies with the best track record of consistent year-over-year dividend growth. It has gathered more than $230 million in assets since its October 2013 launch.