ISIN: CH0374073721

Dividends are set to become increasingly important to global investors. Over the past century, dividends have accounted for approximately 50% of total returns earned by investors. Should stock returns flatten, we expect dividends that will likely drive growth for investors. This means that the stability of dividend‑paying stocks with historical total return characteristics has been in high demand. This theme attempts to avoid the « dividend trap » by selecting companies that have delivered consistent dividend growth with limited share price volatility.