5 Best Defensive ETFs to Buy Amid Recession Fears

3. iShares Global Consumer Staples ETF (NYSE:KXI)

iShares Global Consumer Staples ETF (NYSE:KXI) seeks to track the investment results of an index comprising global securities in the consumer staples sector. The fund’s net assets as of June 8 exceed $1 billion, and it offers a 30-day SEC yield of 1.98%, with a semi-annual distribution frequency. iShares Global Consumer Staples ETF (NYSE:KXI) charges a management fee of 0.43% and has a portfolio consisting of 92 stocks. 

The biggest holding of iShares Global Consumer Staples ETF (NYSE:KXI) is The Procter & Gamble Company (NYSE:PG), an American multinational branded consumer packaged goods giant. 2022 marks the 66th year that The Procter & Gamble Company (NYSE:PG) has raised its dividend consecutively and the 132nd consistent year that the company has declared a dividend since its incorporation in 1890. It is a reliable dividend king and one of the most prominent defensive plays amid recession fears. The company on April 12 declared a $0.9133 per share quarterly dividend, a 5% increase from its prior dividend of $0.8698. The dividend was distributed to shareholders on May 16. 

According to Insider Monkey’s database, The Procter & Gamble Company (NYSE:PG) was found in 72 hedge fund portfolios at the end of Q1 2022, compared to 67 a quarter earlier. Rajiv Jain’s GQG Partners was the leading shareholder of the company Q1, with stakes worth over $1.5 billion.