S&P500 dividends aristocrats : attractive in the current context (NOBL) – 30/06/17

We integrate the ETF Proshares NOBL (listed in dollar) which tracks the performance of the S&P500 Dividend Aristocrats index, composed of S&P500 companies that have increased or maintained their Dividend over a period of at least 25 years.
  • We believe NOBL looks attractive in the current context as it is expected to prove more resilient on periods of turbulence, while many sectors are now under pressure. Moreover, this ETF is currently in a very strong positive trend (Short Term : 90%, Long Term : 100%), and is a rather defensive vehicle with relatively low historical volatility.
  • NOBL is rather lagging behind the rest of the market with an increase of 7.7% since the beginning of the year against 9% for S&P500 and 15.8% for the Nasdaq Composite. Therefore, the need for correction looks not as important in this Sub-Fund.
 
  • The weekly chart shows a trend that continues to be steady and is not showing any signs of weakness. The MACD remains positive and rising. Moreover, no signs of overheating appear on the horizon.

Graphs NOBL, weekly data :