U.S. equity markets have struggled so far in 2025, with the S&P 500 declining over 8% since its peak on February 19, 2025[1], and erasing much/all the post-presidential election gains. A key driver of this decline is the index’s heavy concentration in the technology sector, which accounts for approximately 30% of the S&P 500. Meanwhile, the Solactive United States Dividend Elite Champions Index (“SMVP Index”), with its focus on high-quality dividend growth stocks, has demonstrated great...
