ETF Watch: ProShares To Add To Dividend Growers Lineup

Proposed ETF will target Japan’s market.
Reviewed by: Staff
Edited by: Staff

A recent filing from ProShares outlines the firm’s plans for another ETF focused on dividend growth. The ProShares MSCI Japan Dividend Growers ETF will track the MSCI Japan Dividend Masters Index.

ProShares’ Dividend Growers family of ETFs already includes six ETFs that cover non-U.S. developed markets, emerging markets, Europe and the small-cap, midcap and large-cap segments of the U.S. market. The lineup of ETFs has more than $2 billion in assets under management; most of that is in the ProShares S&P 500 Dividend Aristocrats ETF (NOBL | A-68).

The Japan fund’s underlying index will select its components from the broad MSCI Japan Index. The underlying index selects stocks that have grown their dividends for 10-consecutive years and equal-weights them. However, if less than 25 stocks pass the screens or if the resulting pool violates the methodology’s 30% cap on individual sectors, the fund’s index can select stocks that have less of a track record of dividend growth, the prospectus said.

The filing did not include an expense ratio, ticker or listing exchange.

Contact Heather Bell at [email protected].

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