EUDV: new Europe Dividend ETF by ProShares

ProShares begun trading the ProShares MSCI Europe Dividend Growers ETF (NYSEArca: EUDV) on Thursday, September 10, 2015.



Symbol: EUDV    Exchange: NYSE Arca
Name: ProShares MSCI Europe Dividend Growers ETF  Net Expense Ratio: 0.55%


The ProShares MSCI Europe Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the MSCI Europe Dividend Masters Index.


The MSCI Europe Dividend Masters Index constructed and maintained by MSCI, targets companies that are currently members of the MSCI Europe Index (MSCI Europe) and have increased dividend payments each year for at least 10 years.
The Index contains a minimum of 25 stocks, which are equally weighted. Generally, no single sector is allowed to comprise more than 30% of the Index’s weight, and no single country is allowed to comprise more than 50% of the Index’s weight. If there are fewer than 25 stocks with at least 10 consecutive years of dividend growth, or if sector or country caps are breached, the Index will include companies with shorter dividend growth histories.
The Index is rebalanced each February, May, August and November, with an annual reconstitution during the November rebalance.

In order to be included in the Index, companies must first qualify for inclusion in MSCI Europe. MSCI Europe is a free float-adjusted, market capitalization-weighted index that is designed to measure the equity market performance of the developed markets in Europe.
MSCI determines whether a country is a “developed market” country based on three criteria:
* economic development within the country (based on gross national income),
* size and liquidity (i.e., number of companies meeting certain size and liquidity standards in a   given market) and
* market accessibility criteria (reflecting institutional investors’ experiences in investing in a given market).
As of August 31,2015, MSCI Europe consisted of companies from: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
As of July 31, 2015, MSCI Europe included companies with capitalizations between approximately $1.7 billion and $245.6 billion. The average capitalization of the companies comprising MSCI Europe was approximately $19.8 billion.


Index Country Weightings (08/31/2015):

United Kingdom 49.49%
France 11.60%
Switzerland 9.61%
Germany 5.83%
Denmark 5.81%
Spain 5.76%
Norway 4.14%
Netherlands 3.89%
Ireland 1.94%
Belgium 1.93%


Top 10 index companies (08/31/2015):

Seadrill Ltd 2.16%
BHP Billiton PLC 2.13%
Amec Foster Wheeler PLC 2.07%
BG Group PLC 2.04%
ARM Holdings PLC 2.02%
Shire PLC 2.01%
Cobham PLC 2.00%
Fresenius SE & Co KGaA 1.99%
Pearson PLC 1.99%
Next PLC 1.98%


Index Sector Breakdown (08/31/2015):

Industrials 19.54%
Health Care 17.60%
Consumer Staples 17.43%
Consumer Discretionary 13.68%
Energy 8.25%
Materials 7.90%
Utilities 7.75%
Financials 5.83%
Information Technology 2.02%


Useful Links:
EUDV Home Page



Category: Equities> Regions> Europe> Broad Europe> European Dividends

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