Alt ETF provider ProShares
] has launched the S&P 500 Aristocrats ETF
(NYSE Arca: NOBL), which tracks the S&P 500 Dividend Aristocrats Index.
According to ProShares, the index, since its inception in 2005, has outperformed the S&P 500 with less volatility.
“Consistent dividend growth is considered an important indicator of a company’s financial strength,” stated Michael Sapir
, chairman and chief executive of ProShare Advisors LLC, ProShares' investment advisor. “By that measure, the Aristocrats are the strongest of the strong in the S&P 500—the companies with the best track records of increasing dividends.”
The full press release for the launch can be found here
Stay ahead of the news ... Sign up for our email alerts now