Alt ETF provider ProShares [profile] 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. 

Edited by: Tommy Fernandez


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