Vanguard Small-Cap Growth ETF (ARCA: VBK)

에 대한 최신 뉴스 Vanguard Small-Cap Growth ETF (ARCA:VBK)

Vanguard Small-Cap Growth ETF

Vanguard Small-Cap Growth ETF - DNQ

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The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Growth Index, a broadly diversified index of growth stocks of small U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Deckers Outdoor Corp

Targa Resources Corp.

Microstrategy Inc

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Entegris, Inc.

Pure Storage Inc

Vertiv Group Corp

Vistra Energy Corp.

Natera Inc

Twilio Inc. Class A

Reddit Inc-A

Docusign Inc

Draftkings Inc

Lennox International Inc

Vanguard Small Cap Growth ETF

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탄탄한 수익 성장, 높은 가치 평가, 강력한 혁신 잠재력을 특징으로 하는 성장 주식에 초점을 맞춘 상장지수펀드(ETF)는 6월에 자금 유입이 증가했다. 성장연계 펀드에 대한 관심의 급증은 기술 부문에 대한 투자자의 신뢰 증가와 인공 지능과 같은 파괴적인 혁신을 반영하여 가치주에 비해 성장주의 상당한 성과와 일치했다.

기술, AI로 성장 ETF로 6월 122억 달러 유입, 가치 ETF 대비 기록적인 성과 달성

Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fyc#NASDAQ">FYC</a>) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Growth category of the market.
<h2>What Are Smart Beta ETFs?</h2>
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
There are some investors, though, who think it&#39;s possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
<h2>Fund Sponsor &amp; Index</h2>
The fund is sponsored by First Trust Advisors. It has amassed assets over $328.59 million, making it one of the average sized ETFs in the Style Box - Small Cap Growth. Before fees and expenses, this particular fund seeks to match the performance of the Nasdaq AlphaDEX Small Cap Growth Index.
The NASDAQ AlphaDEX Small Cap Growth Index is an enhanced which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 700 Small Cap Growth Index.
<h2>Cost &amp; Other Expenses</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.70% for FYC, making it one of the most expensive products in the space.
It&#39;s 12-month trailing dividend yield comes in at 0.41%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund&#39;s holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
For FYC, it has heaviest allocation in the Healthcare sector --about 22.90% of the portfolio --while Industrials and Information Technology round out the top three.
When you look at individual holdings, Adma Biologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adma#NASDAQ">ADMA</a>) accounts for about 0.92% of the fund&#39;s total assets, followed by Mirum Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mirm#NASDAQ">MIRM</a>) and Zeta Global Holdings Corp. (class A) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zeta#NYSE">ZETA</a>).
Its top 10 holdings account for approximately 7.9% of FYC&#39;s total assets under management.
<h2>Performance and Risk</h2>
So far this year, FYC has added roughly 16.21%, and was up about 25.24% in the last one year (as of 09/17/2024). During this past 52-week period, the fund has traded between $51.50 and $73.05.
The fund has a beta of 1.18 and standard deviation of 24.03% for the trailing three-year period, which makes FYC a high risk choice in this particular space. With about 265 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Small Cap Growth AlphaDEX ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Growth segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Russell 2000 Growth ETF (ARCA:IWO) tracks Russell 2000 Growth Index and the Vanguard Small-Cap Growth ETF (ARCA:VBK) tracks CRSP U.S. Small Cap Growth Index. IShares Russell 2000 Growth ETF has $11.60 billion in assets, Vanguard Small-Cap Growth ETF has $17.61 billion. IWO has an expense ratio of 0.24% and VBK charges 0.07%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Growth.
<a href="https://www.zacks.com/stock/news/2336915/is-first-trust-small-cap-growth-alphadex-etf-fyc-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2336915">To read this article on Zacks.com click here.</a>

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Is First Trust Small Cap Growth AlphaDEX ETF a Strong ETF Right Now?

Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fyc#NASDAQ">FYC</a>) is a passively managed exchange traded fund designed to provide a broad exposure to the Small Cap Growth segment of the US equity market.
The fund is sponsored by First Trust Advisors. It has amassed assets over $314.36 million, making it one of the average sized ETFs attempting to match the Small Cap Growth segment of the US equity market.
<h2>Why Small Cap Growth</h2>
With more potential comes more risk, and small cap companies, with market capitalization below $2 billion, epitomizes this way of thinking.
Qualities of growth stocks include faster growth rates compared to the broader market, as well as higher valuations and higher than average sales and earnings growth rates. Additionally, growth stocks have a greater level of risk associated with them. They are likely to outperform value stocks in strong bull markets but over the longer-term, value stocks have delivered better returns than growth stocks in almost all markets.
<h2>Costs</h2>
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.70%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 0.43%.
<h2>Sector Exposure and Top Holdings</h2>
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund&#39;s holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Healthcare sector--about 22.30% of the portfolio. Industrials and Information Technology round out the top three.
Looking at individual holdings, Adma Biologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adma#NASDAQ">ADMA</a>) accounts for about 0.92% of total assets, followed by Mirum Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mirm#NASDAQ">MIRM</a>) and Zeta Global Holdings Corp. (class A) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zeta#NYSE">ZETA</a>).
The top 10 holdings account for about 7.9% of total assets under management.
<h2>Performance and Risk</h2>
FYC seeks to match the performance of the Nasdaq AlphaDEX Small Cap Growth Index before fees and expenses. The NASDAQ AlphaDEX Small Cap Growth Index is an enhanced which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 700 Small Cap Growth Index.
The ETF has added roughly 11.05% so far this year and it&#39;s up approximately 18.52% in the last one year (as of 09/12/2024). In the past 52-week period, it has traded between $51.50 and $72.61.
The ETF has a beta of 1.18 and standard deviation of 23.97% for the trailing three-year period, making it a high risk choice in the space. With about 265 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Small Cap Growth AlphaDEX ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FYC is a good option for those seeking exposure to the Style Box - Small Cap Growth area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Russell 2000 Growth ETF (ARCA:IWO) and the Vanguard Small-Cap Growth ETF (ARCA:VBK) track a similar index. While iShares Russell 2000 Growth ETF has $11.17 billion in assets, Vanguard Small-Cap Growth ETF has $17.01 billion. IWO has an expense ratio of 0.24% and VBK charges 0.07%.
<h2>Bottom-Line</h2>
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
<a href="https://www.zacks.com/stock/news/2335016/should-first-trust-small-cap-growth-alphadex-etf-fyc-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2335016">To read this article on Zacks.com click here.</a>

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Should First Trust Small Cap Growth AlphaDEX ETF Be on Your Investing Radar?

Designed to provide broad exposure to the Small Cap Growth segment of the US equity market, the iShares Morningstar Small-Cap Growth ETF (ARCA:ISCG) is a passively managed exchange traded fund launched on 06/28/2004.
The fund is sponsored by Blackrock (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>). It has amassed assets over $583.77 million, making it one of the average sized ETFs attempting to match the Small Cap Growth segment of the US equity market.
<h2>Why Small Cap Growth</h2>
With more potential comes more risk, and small cap companies, with market capitalization below $2 billion, epitomizes this way of thinking.
Growth stocks have higher than average sales and earnings growth rates. While these are expected to grow faster than the broader market, they also have higher valuations. Also, growth stocks are a type of equity that carries more risk compared to others. When you consider growth versus value, growth stocks are usually the clear winner in strong bull markets but tend to fall flat in nearly all other environments.
<h2>Costs</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.06%, making it the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.63%.
<h2>Sector Exposure and Top Holdings</h2>
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund&#39;s holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 23.10% of the portfolio. Healthcare and Information Technology round out the top three.
Looking at individual holdings, Microstrategy Inc Class A&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) accounts for about 1.09% of total assets, followed by Natera Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntra#NASDAQ">NTRA</a>) and Texas Roadhouse Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>).
The top 10 holdings account for about 5.93% of total assets under management.
<h2>Performance and Risk</h2>
ISCG seeks to match the performance of the MORNINGSTAR US SML CP BRD GRWTH EXTD ID before fees and expenses. The Morningstar US Small Cap Broad Growth Extended Index comprises of small-capitalization U.S. equities that exhibit growth characteristics.
The ETF has gained about 9.02% so far this year and is up about 12.33% in the last one year (as of 07/31/2024). In the past 52-week period, it has traded between $35.43 and $48.99.
The ETF has a beta of 1.08 and standard deviation of 23.73% for the trailing three-year period. With about 1000 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
IShares Morningstar Small-Cap Growth ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ISCG is a great option for investors seeking exposure to the Style Box - Small Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The iShares Russell 2000 Growth ETF (ARCA:IWO) and the Vanguard Small-Cap Growth ETF (ARCA:VBK) track a similar index. While iShares Russell 2000 Growth ETF has $11.99 billion in assets, Vanguard Small-Cap Growth ETF has $17.61 billion. IWO has an expense ratio of 0.24% and VBK charges 0.07%.
<h2>Bottom-Line</h2>
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2312602/should-ishares-morningstar-small-cap-growth-etf-iscg-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2312602">To read this article on Zacks.com click here.</a>

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Should iShares Morningstar Small-Cap Growth ETF Be on Your Investing Radar?

Exchange-traded funds (ETFs) focused on growth equities &#8211; characterized by robust revenue growth, high valuations, and strong potential for innovation – experienced elevated <a href="https://www.benzinga.com/etfs">inflows in June.</a>
This surge in interest towards growth-linked funds coincided with a significant outperformance of growth over value stocks, reflecting increased investor confidence in the tech sector and disruptive innovations like artificial intelligence.
The eight largest growth-linked ETFs by assets under management (AUM) collectively experienced a substantial $12.2 billion in inflows from the beginning of the month through June 24.
Leading the pack, the Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) saw the highest monthly inflows among its peers, attracting an impressive $5.68 billion. This remarkable figure is set to mark the Vanguard Growth ETF&#8217;s record monthly inflows, ranking second in June only to the nearly $10 billion attracted by the broader iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Growth ETF</th>
<th>AUM</th>
<th>June Flows (as of June 24)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vanguard Growth ETF </td>
<td>$139.84B</td>
<td>$5.68B</td>
</tr>
<tr>
<td>IShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>)</td>
<td>$97.00B</td>
<td>$0.03B</td>
</tr>
<tr>
<td>IShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>)</td>
<td>$52.96B</td>
<td>$4.01B</td>
</tr>
<tr>
<td>Schwab U.S. Large-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHG#NYSE">SCHG</a>)</td>
<td>$30.62B</td>
<td>$0.44B</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYG#NYSE">SPYG</a>)</td>
<td>$29.40B</td>
<td>$0.47B</td>
</tr>
<tr>
<td>Vanguard Mega Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGK#NYSE">MGK</a>)</td>
<td>$22.39B</td>
<td>$1.08B</td>
</tr>
<tr>
<td>Vanguard Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VONG#NYSE">VONG</a>)</td>
<td>$20.81B</td>
<td>$0.08B</td>
</tr>
<tr>
<td>IShares Core S&amp;P U.S. Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IUSG#NYSE">IUSG</a>)</td>
<td>$18.94B</td>
<td>$0.15B</td>
</tr>
<tr>
<td>Vanguard Small-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBK#NYSE">VBK</a>)</td>
<td>$17.25B</td>
<td>$0.26B</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td></td>
<td>$12.2B</td>
</tr>
</tfoot>
</table>
<figcaption class="wp-element-caption">Source: TradingView</figcaption></figure>
<h3 class="wp-block-heading">Growth Stocks Surge To Record Highs Against Value</h3>
The Vanguard Growth ETF&#8217;s relative performance against its counterpart, the Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>), set new record highs in June, surpassing the previous peaks achieved in November 2021, as illustrated in the chart below, <a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1">sourced from Benzinga Pro.</a>
The primary drivers of the growth style&#8217;s outperformance in June were tech giants Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which saw robust rallies of 15% and 8.8%, respectively. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="460" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png" alt="" class="wp-image-405212" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-300x135.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-768x345.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1536x690.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39440559/growth-stocks-leave-value-stocks-in-the-dust-4-reasons-for-biggest-monthly-lead-in-">Growth Stocks Leave Value Stocks In The Dust: 4 Reasons For Biggest Monthly Lead In Over A Year</a></li>
</ul>
Image generated using artificial intelligence via Midjourney.

Tech, AI Drive $12.2B Inflows Into Growth ETFs, Marking Record Outperformance Over Value

Small-cap exchange-traded funds (ETFs) have witnessed their largest weekly inflows since Bank of America began tracking <a href="https://www.benzinga.com/topic/small-caps">the data in 2017.</a> 
According to a note shared Wednesday, this surge is predominantly fueled by retail investors, marking a significant shift in market dynamics. 
Over the past 23 weeks, 22 have seen positive inflows, culminating in a record-breaking week that attracted over $3.5 billion into small-cap ETFs.
Data derived from Tradingview shows that the Pacer US Small Cap Cash Cows ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALF#NYSE">CALF</a>) has emerged as a frontrunner, drawing in over $3 billion in the last three months, closely followed by the Vanguard Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>) with $2.6 billion of inflows, of which $1.615 billion recorded in the last month alone. 
Despite this record influx of funds, Bank of America highlights that small caps remain undervalued relative to their historical performance.
Top 10 Small-Cap ETF By Inflows Over The Last Three Months
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Small-Cap ETF </td>
<td>1M Flows</td>
<td>3M Flows</td>
</tr>
<tr>
<td>Pacer US Small Cap Cash Cows </td>
<td>1.194B </td>
<td>3.096B</td>
</tr>
<tr>
<td>Vanguard Small-Cap ETF </td>
<td>1.615B </td>
<td>2.608B</td>
</tr>
<tr>
<td>iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>)</td>
<td>116.003M </td>
<td>1.651B</td>
</tr>
<tr>
<td>Avantis U.S. Small Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVUV#NYSE">AVUV</a>)</td>
<td>695.473M </td>
<td>1.646B</td>
</tr>
<tr>
<td>Vanguard Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTWO#NYSE">VTWO</a>)</td>
<td>750.154M </td>
<td>1.411B</td>
</tr>
<tr>
<td>SPDR Portfolio S&amp;P 600 Small Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPSM#NYSE">SPSM</a>)</td>
<td>417.995M</td>
<td>915.308M</td>
</tr>
<tr>
<td>Vanguard Small-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBK#NYSE">VBK</a>)</td>
<td>440.327M</td>
<td>741.54M</td>
</tr>
<tr>
<td>Schwab U.S. Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHA#NYSE">SCHA</a>)</td>
<td>520.145M </td>
<td>622.329M</td>
</tr>
<tr>
<td>Dimensional U.S. Small Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFAS#NYSE">DFAS</a>)</td>
<td>131.079M</td>
<td>507.818M</td>
</tr>
<tr>
<td>SSGA SPDR ETFS EUROPE II PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSEUF#NYSE">SSEUF</a>)</td>
<td>184.185M</td>
<td>484.932M</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">Small Caps: A Bullish Outlook For 2024</h2>
Bank of America&#8217;s analysis suggests a turning tide for small caps. Analyst Jill Carey Hall, CFA, maintains a bullish outlook, predicting that 2024 could mark the year when small caps outperform large caps for the first time in nearly a decade. 
This optimism stems from a resilient small-cap sector, which has priced in a recession that has yet to materialize, as evidenced by the Russell 2000&#8217;s performance.
With investor sentiment improving and valuations becoming more attractive, small caps present a compelling opportunity for long-term investors. The Russell 2000&#8217;s forward P/E ratio has dipped to 14.3x, positioning small caps as the only size segment that is historically inexpensive. 
According to Bank of America, the valuation gap between small and large caps is reminiscent of the disparity seen during the Tech Bubble, which preceded a decade of exceptional returns for small caps.
Bank of America&#8217;s analysis implies potential annualized returns of 10% over the next decade for the Russell 2000, compared to a modest 3% for the Russell 1000.
For 2024, Bank of America reinforces the strategy of focusing on value within the small and mid-cap spaces. This approach favors high-quality stocks over non-earners. Financials, Communication Services, and Industrials are identified as top sector overweights within small caps. 
Read Now: <a href="https://www.benzinga.com/money/best-small-cap-stocks">Best Small Cap Stocks Right Now</a>
Photo: Shutterstock

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Small-Cap ETFs Enjoy Record Inflows Due To Optimistic Retail Investors: Is This The Decade Of 10% Annual Returns?

Today&#39;s 5 Stock Ideas:&nbsp;
<ul>
<li>Vanguard Small-Cap Growth Index ETF (VBK)&nbsp;- A way to gain exposure to small-cap growth stocks ahead of Benzinga&#39;s Small Cap Conference Dec. 8 and 9. Click&nbsp;<a href="https://events.benzinga.com/registration-page1606852611917">here</a>&nbsp;to see the agenda.&nbsp;</li>
<li>Exact Sciences (EXAS)&nbsp;- An analyst at Cowen on Monday warned Exact Sciences shares were unlikely to move over the near term amid a new House bill on multi-cancer screening.</li>
<li>Taiwan Semiconductor (TSM)&nbsp;- A play on a chipmaker for&nbsp;Apple (AAPL)&nbsp;devices. The stock was mentioned favorably on CNBC&#39;s &quot;Fast Money: Halftime Report&quot; on Monday as likely seeing &quot;good tailwinds&quot; heading into Christmas.</li>
<li>AMC Entertainment (AMC)&nbsp;- A play on COVID-19 stimulus. The stock was volatile on Monday amid a report Senate Majority Leader Mitch McConnell would be discussing the current state of the relief package talks Monday afternoon.</li>
<li>Regulus Therapeutics (RGLS)&nbsp;- Shares were up following news 10% owner of the company, Scott Sandell, purchased nearly 10 million shares in the open market purchase.&nbsp;</li>
</ul>

Pre-Market Outlook

EXAS

RGLS

Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Dec. 8, 2020: VBK, EXAS, TSM, AMC, RGLS

Small-cap equities are getting some renewed praise these days and it&#39;s easy to see why. The Russell 2000 Index is up 2.22% this month while the S&amp;P SmallCap 600 Index is higher by 1.22% and both are within striking distance of new 52-week highs.
Those widely followed benchmarks are on the cusps of breakouts and that bodes well for the health of the broader market. Additionally, small-cap equities aren&#39;t expensive relative to historical norms.
Recently, <a href="https://www.etftrends.com/relative-value-channel/are-small-cap-equities-the-way-to-go-for-the-next-10-years/">CNBC reported that</a> small cap stocks &ldquo;are at their most attractive levels since June 2003 relative to large caps, according to data compiled by Jefferies. Historically, small caps have outperformed large caps by an average of 6% over the following year when the valuation gap widens that much.&rdquo;
For those looking to embrace smaller stocks, here are three exchange traded funds to consider.
<h3>Invesco S&amp;P SmallCap Low Volatility ETF (XSLV)</h3>
As is so often noted with low volatility ETFs, there&#39;s a good chance investor leave some upside on the table to prevent <a href="https://www.benzinga.com/trading-ideas/long-ideas/19/11/14881916/get-rewarded-for-playing-defense-with-this-etf">high rates of downside capture</a>. The Invesco S&amp;P SmallCap Low Volatility ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xslv#NYSE">XSLV</a>) reminds investors that&#39;s not always the case as this low volatility fund is higher by almost 21% year to date.
XSLV follows the S&amp;P SmallCap 600 Low Volatility Index, a collection of the 120 S&amp;P SmallCap 600 members with the lowest trailing 12-month volatility. The fund&#39;s components have an average market capitalization of $1.84 billion surprisingly trade at slightly lower multiples than are found on broader small stock benchmarks.
Then again, over 34% of XSLV&#39;s holdings are classified as value stocks. Low volatility funds try to be sector agnostic, but they&#39;ve got to go where volatility isn&#39;t. In this case, XSLV is sector-heavy as the financial services and real estate sectors combine for nearly two-thirds of the fund&#39;s weight.
<h3>Vanguard Small-Cap Growth ETF (VBK)</h3>
Up nearly 30% this year, the Vanguard Small-Cap Growth ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vbk#NYSE">VBK</a>) is one of the best-performing non-leveraged, domestic small stock ETFs on the year. And is the case with so many Vanguard funds, VBK is inexpensive with an annual fee of just 0.07%, or $7 on a $10,000 stake.
The small-cap/growth combination can lead to higher rewards and higher volatility, but there&#39;s the benefit of many of these companies being levered to the domestic economy.
&ldquo;Small-cap stocks differ from large-caps in several ways, aside from being smaller, of course,&rdquo;<a href="https://www.barrons.com/articles/why-small-caps-could-be-the-best-stocks-to-buy-right-now-51575684931"> reports Barron&#39;s.</a> &ldquo;They are more likely to make more of their money in the U.S. than large-caps, with only 21% of revenue from overseas, versus 33% for their bigger brethren.&rdquo;
VBK holds 621 stocks, 39.30% of which hail from the industrial and technology sectors.
<h3>O&#39;Shares FTSE Russell Small Cap Quality Dividend ETF (OUSM)</h3>
Small-cap stocks and ETFs usually aren&#39;t the assets investors looking for income embrace, but the O&#39;Shares FTSE Russell Small Cap Quality Dividend ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ousm#NYSE">OUSM</a>) flips that script. Its 2.14% dividend yield isn&#39;t high, but it&#39;s almost 100 basis points above the yield on the Russell 2000.
That&#39;s not the only reason OUSM is alluring. Many small caps aren&#39;t yet profitable, making dividends a far flung idea. OUSM focuses on quality companies, however, implying many of its holdings are profitable and can not only afford current dividend payments, but are in a position to growth their payouts over time.
OUSM is beating the S&amp;P SmallCap 600 by 400 basis points this year, indicating investors can have their cake (<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/08/14216066/why-this-small-cap-etf-matters-right-now">dividends, lower volatility and quality</a>) and eat it too.
&ldquo;The quality and low volatility factors are designed to reduce exposure to high dividend equities that have experienced large price declines, as may occur with some dividend investing strategies,&rdquo; <a href="https://oshares.com/ousm/">according to O&#39;Shares</a>.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/12/14959394/why-investors-should-consider-mortgage-reits-instead-of-long-dated-treasuries">This mREIT Looks Good</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/12/14959269/the-first-dedicated-5g-fund-is-one-of-the-most-successful-new-etfs-in-2019">A Formidable 5G ETF</a>

Long Ideas

Small Cap Analysis

O'Shares FTSE Russell Small Cap Quality Dividend ETF

OUSM

XSLV

3 Small-Cap ETFs Ready To Party

﻿The global markets approval of the French election results was clear at 6:30 PM on Sunday as the S&amp;P 500 E-Mini futures gapped 20 points higher when they opened. By early Monday the Euro zone markets were sharply higher with several markets up 3-4% as only the Shanghai Composite was down significantly on Monday.
The sharp gains Monday caught many on Wall Street flat footed as the decline from the March high had lasted long enough to discourage many bulls. From a technical perspective the role of a correction is to reduce extremes in sentiment and to cause some to question their market outlook. Some in the media viewed Monday&#39;s rally as a possible Trump Trap.
In last week&#39;s survey, according to the American Association of Individual Investor, the bullish % dropped to 25.7%, as it had declined for eight weeks in a row. As I commented in <a href="https://twitter.com/TomAspray/status/855043226004226048">last Thursday&#39;s Tweet</a> the &quot;levels are typical of correction lows&quot;.
Of course sentiment levels must be combined with technical methods in order to identify meaningful tops or bottoms.&nbsp; In my weekend article <a href="https://www.forbes.com/sites/tomaspray/2017/04/22/the-week-ahead-bullish-evidence-building/">The Week Ahead: Bullish Evidence Building</a> I reviewed some of the technical evidence that indicated the stock market was close to a bottom.
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My analysis of the NYSE stocks making new highs and new lows provided additional bullish evidence. Some may remember how this analysis at the February 2016 low (<a href="https://www.viperreport.com/trading-etfs-stocks-market-timing/">see chart</a>) indicated that the stock market was bottoming.
The number of stocks making new lows has declined (line d) as the NYSE Composite has been making lower lows. This was a sign of strength and last Thursday the number of new highs reached its highest level since March 17th, line e. The NYSE Composite last week had approached the longer-term support at line c. The completion of the flag formation (lines a and b) has initial targets in the 11,780-850 area.
What does the analysis of the other market averages say about Monday&#39;s rally?
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<div class="appbar-snippet-secondary">
	The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>) has been leading the other market averages higher all year as it is up 13.47% YTD versus 6.56% for the SPDR S&amp;P 500 ETF Trust (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>). This leadership was initially signaled on December 27th by the new high in the Nasdaq 100 A/D line. By early January the <a href="https://www.viperreport.com/the-secret-to-trading-etfs-for-profit/">relative performance analysis</a> confirmed it was a market leader.</div>
The PowerShares QQQ Trust (QQQ) closed Monday at the daily starc+ band and chart resistance at line a. Therefore a near term pullback would not be surprising. The next upside targets are in the $137-$139 area. 
	Both the weekly Nasdaq 100 A/D line made a new high last week as the daily A/D line broke through resistance, line c, last Wednesday and is acting very strong. This is bullish for the intermediate term. It would take a drop below the support from the March-April lows to weaken the positive outlook.
The Spyder Trust (SPY) has been significantly weaker since it peaked at $239.28 on March 1st. It closed above the downtrend, line e, on Monday as it formed a doji, closing where is opened.&nbsp; On a move above the resistance at $238.16-$239.28 there is quarterly pivot resistance at $242.74. There is good support now in the $233.31-$235 area.
The strong market internals last week pushed the weekly S&amp;P 500 <a href="https://www.viperreport.com/ad-line-market-timing-stock-picking-trading/">advance/decline line</a> back above it WMA which was a positive sign. The daily S&amp;P 500 A/D line turned up sharply Monday&nbsp; as it has exceeded the downtrend, line g, and the late March highs. Further strength is needed over the next week to confirm the new uptrend.
In addition to a full economic calendar this week culminating with the preliminary 1st quarter GDP reading on Friday there may be more drama from the White House. The market&#39;s reaction to the promised new tax plan and the potential threat of a government shutdown may cause a spike in market volatility.
Therefore a sharp pullback would not be surprising and will likely be used to support the view that Monday&#39;s rally was a Trump Trap.&nbsp; If instead the market continues to move even higher there should be a good new entry point in the next week.
The relative performance last week signaled that the small cap ETFs like the iShares Russell 2000 Index (ETF) (NYSE: <a class="ticker" href="/stock/iwm#NYSE">IWM</a>) and Vanguard Small-Cap Growth ETF (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>) were starting to lead the market. Only a weekly close below last week&#39;s low will suggest that the market&#39;s correction is not yet over.
If you are interested in specific recommendations you might consider the&nbsp; <a href="https://guides.viperreport.com/viper-etf/">Viper ETF Report</a>&nbsp; as our subscribers are holding long positions in the QQQ and as well as other sector ETFs including SPDR S&amp;P Biotech (ETF) (NYSE: <a class="ticker" href="/stock/xbi#NYSE">XBI</a>), Consumer Discretionary SPDR (ETF) (NYSE: <a class="ticker" href="/stock/xly#NYSE">XLY</a>), Technology Select Sector SPDR Fund (NYSE: <a class="ticker" href="/stock/xlk#NYSE">XLK</a>), First Trust DJ Internet Index Fund (ETF) (NYSE: <a class="ticker" href="/stock/fdn#NYSE">FDN</a>) and Vanguard Small-Cap Growth ETF (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>).&nbsp;&nbsp;
For stock traders the&nbsp; <a href="https://goo.gl/Tuvl4u">Viper Hot Stocks Report</a> recommends both long and short positions in high momentum stocks.&nbsp; Each service includes two reports each week and is just $34.95 each per month. Subscriptions can be cancelled on line at any time.

Technicals

First Trust Dow Jones Internet Index Fund

Select Sector SPDR-Consumer Discretionary

﻿Should You Worry About A Trump Trap?

Small-cap ETFs were shunned in 2014 for lackluster performance that lagged far behind their large-cap peers. Nevertheless, funds that track small-cap stocks are shaking off that weakness this year and attempting to restore faith in a forgotten growth story.
<h3>
	iShares Russell 2000 Index</h3>

	The iShares Russell 2000 Index (ETF) (NYSE: <a class="ticker" href="/stock/iwm#NYSE">IWM</a>) is the most well-known and broad-based index of smaller companies with market capitalizations less than $2 billion. This exchange-traded fund just recently hit new all-time highs as investors gravitate away from larger companies.

	One reason for this strength may be the attractiveness of smaller publicly-traded stocks that have less exposure to global currency fluctuations than large multi-national entities.

	When the small-cap segment is broken down into growth and value characteristics, there is no denying the momentum that growth stocks have established.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/15/03/5335650/top-4-small-cap-stocks-in-the-life-insurance-industry-with-the-highest-e">Top 4 Small-Cap Stocks In The Life Insurance Industry</a></bzrelatedlink>
<h3>
	iShares Russell 2000 Growth ETF</h3>

	The iShares Russell 2000 Growth Index (ETF) (NYSE: <a class="ticker" href="/stock/iwo#NYSE">IWO</a>) tracks a subset of 1,191 stocks within IWM with fundamental growth characteristics. This ETF has $7.5 billion in total assets and charges an expense ratio of 0.25 percent.

	Since the start of the year, IWO has gained 7.21 percent compared to 4.10 percent in IWM and 1.79 percent in the SPDR S&amp;P 500 ETF Trust (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>).

	&nbsp;
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	&nbsp;

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	&nbsp;

	One of the reasons for the strength in IWO is the outsized exposure to technology, healthcare and consumer discretionary companies.

	Biotechnology stocks in particular have been very strong this year and continue to reach for new heights on an almost daily basis. ISIS Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/isis#NASDAQ">ISIS</a>) and Puma Biotechnology Inc (NYSE: <a class="ticker" href="/stock/pbyi#NYSE">PBYI</a>) are in the top three holdings of IWO and posted double digit gains this year.
<h3>
	Vanguard Small-Cap Growth ETF</h3>

	The Vanguard Small-Cap Growth ETF (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>) is the second-largest competitor in this category, with $4.2 billion in assets. VBK tracks a smaller subset of 737 stocks, according to the <a href="https://www.google.com/finance?q=INDEXNASDAQ%3ACRSPSCG1&amp;ei=tCULVdibCYuM8Qb07YGIBg">CRSP US Small Cap Growth Index</a>.

	This ETF differs from IWO in that financials and industrials make up the two largest sector allocations, with technology and healthcare rounding out the top four.

	Despite the divergences in the two most favored small-cap growth ETFs, these vehicles offer easy access to a diversified basket of companies exhibiting favorable momentum characteristics.

Biotech

ISIS

PBYI

Small-Cap Growth ETFs Restore Leadership Role

Vanguard, the third-largest U.S. ETF issuer, made waves on Tuesday by announcing index changes for 22 of its funds. News that the Vanguard MSCI Emerging Markets ETF (NYSE: <a class="ticker" href="/stock/vwo#NYSE">VWO</a>) will drop the MSCI Emerging Markets Index in favor of the equivalent index sponsored by <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/10/2960202/vanguard-dropping-vwos-msci-index">FTSE Group garnered the most attention</a>.

The change, which will see VWO eliminate its <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/10/2961730/once-upon-a-time-vanguard-loved-msci">exposure to South Korean equities</a>, is the largest international index switch on record, according to FTSE Group. Fortunately for investors in South Korean equities and ETFs such as the iShares MSCI South Korea Index Fund (NYSE: <a class="ticker" href="/stock/ewy#NYSE">EWY</a>), the <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/10/2968121/after-vwos-index-switch-will-south-korea-fade">impact is expected to be minimal and not create significant downside pressure</a>.

Other stocks may not be so fortunate. Business development companies, or BDCs, could be adversely affected by Vanguard's decision to change indexes on three of its small-cap ETFs. Those funds – the Vanguard Small-Cap ETF (NYSE: <a class="ticker" href="/stock/vb#NYSE">VB</a>), the Vanguard Small-Cap Growth Index Fund (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>) and the Vanguard Small-Cap Value ETF (NYSE: <a class="ticker" href="/stock/vbr#NYSE">VBR</a>) – will drop MSCI indexes in favor of indexes constructed by Chicago's Center for Research in Security Prices (CRSP).

The CRSP indexes do not make room for BDCs, a group of equities prized for high yields and robust payouts. While Vanguard has promised its departure from stocks not featured in the CRSP indexes will be gradual and orderly, there is no getting around the fact that some BDCs could see some selling pressure. 

"BDCs in Vanguard's small-cap funds could be affected because Vanguard is the largest holder of these stocks in some cases," Morningstar Research Director Paul Justice said in an interview with Benzinga from the Morningstar ETF Conference in Chicago.

Justice's view was reiterated Morninstar ETF Analyst Michael Rawson in a presentation to media members today.

TICC Capital (NASDAQ: <a class="ticker" href="/stock/ticc#NASDAQ">TICC</a>), a BDC with a yield north of 11 percent, is held by VB, VBR and the mutual fund equivalents. Vanguard owned almost 1.73 million shares of TICC at the end of the second quarter, according to Yahoo Finance data.

VB and VBR also hold Prospect Capital (NASDAQ: <a class="ticker" href="/stock/psec#NASDAQ">PSEC</a>), which yields 10.6 percent. Overall, Vanguard ETFs and mutual funds owned over 6.3 million shares of Prospect Capital as of the end of the second quarter. 

Those are just two examples and the stocks do not appear to be reacting to news of the Vanguard index changes -- at least not yet. 

Investors may want to monitor the UBS ETRACS Wells Fargo Business Development Company ETN (NYSE: <a class="ticker" href="/stock/bdcs#NYSE">BDCS</a>). BDCS has average daily volume of just 12,000 shares, but an <a href="http://www.ibb.ubs.com/mc/etracs_US/bdc/wellsfargo-bdc.shtml">annual index yield of almost 10 percent</a>. However, the ultra-high yield is arguably overshadowed by ultra-high fees of 0.85 percent that are accrued on a daily basis, according to the fund's web site. 

BDCS has a leveraged cousin in the form of the UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company ETN (NYSE: <a class="ticker" href="/stock/bdcl#NYSE">BDCL</a>), which has a current annual leveraged yield of <a href="http://www.ibb.ubs.com/mc/etracs_US/bdc/wellsfargo-long.shtml">almost 19 percent</a>. Like BDCS, BDCL charges 0.85 percent, also accrued on a daily basis.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

Short Ideas

Intraday Update

BDCL

BDCS

PSEC

TICC

Vanguard's Index Changes Could Hamper BDCs 

Retailer DSW (NYSE: <a class="ticker" href="/stock/dsw#NYSE">DSW</a>) is scheduled to report fourth-quarter 2011 results tomorrow, March 20, before the opening bell. The company has seen net income and revenue both increase in three consecutive quarters, and the stock is about 25% higher than three months ago. Investors no doubt will be hoping for more of the same.

Expectations

Analysts on average predict that DSW will post per-share earnings that are 16.3% higher than a year ago to $0.49 for the three months that ended in January. That EPS estimate is a penny less than it was 60 days ago. But note that per-share earnings topped consensus estimates by as much as 12 cents in the previous three quarters. Fourth-quarter revenue is expected to total $511.2 million, which would be up from $468.5 million in the same period of last year. 

Looking back to the third quarter, the specialty retailer said its profit rose 51.1% to $53.7 million, or $0.75 cents a share, from the year earlier, exceeding analyst expectations. Revenue rose 8.5% to $530.7 million. The company attributed strong results to higher sales of women's footwear and growth in the men's and accessories segments. DSW also lifted its full-year EPS outlook.

For the full year, the consensus forecast calls for $2.98 per share earnings on revenue of $2.0 billion. That compares to $2.40 per share and $1.8 billion last year. Note that the EPS estimate is a penny less than it was 60 days ago, but still in the range of $2.96 and $2.99 that DSW offered recently.

The Company

DSW is a retailer of branded footwear and accessories in the United States. The company operates more than 325 stores in 40 states and leases more than 330 departments for other retailers. It also offers its designer dress, casual and athletic footwear and accessories online. DSW is headquartered in Columbus, Ohio. It was founded in 1917 and now has a market cap of $2.4 billion.

Competitors include Brown Shoe (NYSE: <a class="ticker" href="/stock/bws#NYSE">BWS</a>), Collective Brands (NYSE: <a class="ticker" href="/stock/pss#NYSE">PSS</a>) and Foot Locker (NYSE: <a class="ticker" href="/stock/fl#NYSE">FL</a>). Brown Shoe and Collective Brands both posted a fourth-quarter loss, and the former said it will close stores. Foot Locker posted a better-than-expected fourth-quarter profit due in part to cost cutting efforts.

See also: <a href="http://www.benzinga.com/news/earnings/12/03/2404366/brown-shoe-company-down-11-after-missing-earnings-estimates">Brown Shoe Company Down 11% After Missing Earnings Estimates</a> and <a href="http://www.benzinga.com/news/earnings/12/02/2381014/collective-brands-jumps-4-on-q4-results">Collective Brands Jumps 4% on Q4 Results</a>

During the three months that ended in January, DSW saw strong holiday sales and it opened a new designer shoe warehouse in Lawrence, N.Y. The retailer also said it plans to open 35 to 40 stores this year, an increase from its previous estimate.

Performance

DSW has a return on equity of 24.9% and a long-term earnings per share growth forecast of 12.5%. Sales increased 9.8% over the past five years. The P/E ratio is less than the industry average and the operating margin is higher than the industry average. DSW has a dividend rate of 1.1%. Eight of nine analysts polled who follow the stock recommend buying it. Their mean price target is more than 7% higher than the current share price.

The share price is more than 25% higher than at the beginning of the year, as well as up more than 45% from a year ago. It has been above the 50-day and 200-day moving averages since mid January. Shares reached a multiyear high of $57.06 on Leap Day. Over the past six months, the stock outperformed the broader markets, but it has underperformed the competitors mentioned above.

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds invested in DSW might want to consider the following trades:

<ul><li>SPDR S&amp;P Retail (NYSE: <a class="ticker" href="/stock/xrt#NYSE">XRT</a>) is about 16% higher year to date.</li>
<li>First Trust Consumer Discretionary AlphaDEX (NYSE: <a class="ticker" href="/stock/fxd#NYSE">FXD</a>) is more than 15% higher year to date.</li>
<li>iShares Russell Midcap Growth Index (NYSE: <a class="ticker" href="/stock/iwp#NYSE">IWP</a>) is more than 14% higher year to date.</li>
<li>Vanguard Small Cap Growth ETF (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>) is almost 14% higher year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions in the apparel retail industry:

<ul><li>Michael Kors Holdings (NYSE: <a class="ticker" href="/stock/kors#NYSE">KORS</a>) is up almost 70% year to date.</li>
<li>Ascena Retail Group (NASDAQ: <a class="ticker" href="/stock/asna#NASDAQ">ASNA</a>) is up more than 46% year to date.</li>
<li>Gap (NYSE: <a class="ticker" href="/stock/gps#NYSE">GPS</a>) is up almost 37% year to date.</li>
</ul>Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.</div>

Previews

ASNA

First Trustnsumer Discretionary AlphaDEX Fund

iShares Trust Russell Midcap Growth Index Fund

KORS

DSW Earnings Preview: Double-Digit EPS Growth Expected

We're less than 10 days from the start of January and that means it time to start forecasting the odds of a real January Effect. The January Effect is defined as a run up in stocks, often following a down December. Obviously, this doesn't happen every January, but the first month of the year is often pivotal in determining the outcome for stocks for the entire year so it's safe to say the bulls would like to see a legitimate January Effect start here in a few days.

It should also be noted that a real January Effect is often lead by small-caps. One analyst said since 1926, small-cap stocks have beaten large caps 76% of the time in January, according to Barron's. 

Of course, there is some debate about whether or not we'll see a January Effect in 2012. Jeffrey Hirsch, editor of the "Stock Trader's Almanac," recently told Bloomberg News sees a small-cap led January Effect next year. Bank of America, on the other hand, doesn't agree.

So maybe small-caps will rise next month. Maybe they won't, but let's get in holiday spirit and assume they will by looking at the following ETFs.

PowerShares S&amp;P SmallCap Energy ETF (Nasdaq: <a class="ticker" href="/stock/psce#Nasdaq">PSCE</a>):
Considering that small-caps have been hit hard for most of 2011 and energy names have tumbled in recent months, the PowerShares S&amp;P SmallCap Energy ETF has held up very nicely by jumping more than 4% year-to-date. An old winner from the <a href="http://www.benzinga.com/premium-newsletters/406421/etf-professor">ETF Professor</a>, PSCE looks good above $36. Not to mention, the ETF is home to a few takeover targets and those companies could be acquired next year, fueling a run back to the mid-40s for PSCE.

PowerShares S&amp;P Consumer Staples Small-Cap ETF (Nasdaq: PSCC):
We've spent plenty of time discussing the <a href="http://www.benzinga.com/analyst-ratings/analyst-color/11/12/2211368/no-surprise-here-global-stocks-pressuring-sector-etfs-s-">in staples stocks and ETFs this year</a>. Well, it could easily continue in 2012 with Europe's sovereign debt crisis nowhere near being fixed and a presidential election looming in the U.S. 

Definitely an under the radar play, PSCC has just $20.3 million in assets under management. That means a lot of investors have missed out on the ETF's 6% rise this year.

Schwab U.S. Small-Cap ETF (NYSE: <a class="ticker" href="/stock/scha#NYSE">SCHA</a>):
There's not a lot of difference between the Schwab U.S. Small-Cap ETF, SPDR S&amp;P 600 Small Cap ETF (NYSE: <a class="ticker" href="/stock/sly#NYSE">SLY</a>), the iShares S&amp;P SmallCap 600 Index Fund (NYSE: <a class="ticker" href="/stock/ijr#NYSE">IJR</a>) and the Vanguard Small Cap ETF (NYSE: <a class="ticker" href="/stock/vb#NYSE">VB</a>), but there are two things to note before getting involved with SCHA. First, it has the lowest expense ratio of the aforementioned quartet. Second, it has been the worst performer of the group in 2011. Things to ponder...

Vanguard Small Cap Growth ETF (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>):
For those willing to be really bullish on small-caps, a growth ETF is the way to go and the Vanguard Small Cap Growth ETF is the one to do it with. Home to almost 1,000 stocks, VBK has a scant expense ratio of just 0.12% and it's performance this year has been decent considering small-caps and growth have basically been off the table. VBK has started to perk up recently, perhaps indicating it's primed for a January Effect of its own.

 

<div id="action-items">ACTION ITEMS: Bullish: Traders who believe that small-caps will lead the charge in January might want to consider the following trades: <ul><li>Long PSCE. The ETF is levered to the price of oil, making it a great ETF for quick gains.</li></ul><ul><li>Long small-cap growth. VBK or EES will help with that. </li></ul><ul><li>Get wild and crazy with the Direxion Daily Small Cap Bull 3X Shares (NYSE: <a class="ticker" href="/stock/tna#NYSE">TNA</a>) as a short term trade.</li></ul>Bearish: Traders who believe that small-caps will falter  may consider alternative positions: <ul><li>Long the Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="/stock/tza#NYSE">TZA</a>). Another good idea for the active trader.</li></ul><ul><li>Long the ProShares UltraPro Short Russell2000 (NYSE: <a class="ticker" href="/stock/srty#NYSE">SRTY</a>). Less leverage than TNA, but it tracks the Russell 2000 on an inverse basis.</li></ul><ul><li>Long conservative large-cap sectors such as staples.</li></ul>Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.</div>

Specialty ETFs

After-Hours Center

PSCE

SRTY

Play The January Effect With These Small-Cap ETFs

Footwear makers Crocs (NASDAQ: <a class="ticker" href="/stock/crox#NASDAQ">CROX</a>) and Deckers Outdoor (NASDAQ: <a class="ticker" href="/stock/deck#NASDAQ">DECK</a>) both reached new multiyear highs of $31.70 and $99.48 per share, respectively, in Friday's trading session.

Crocs reported better-than-expected second-quarter earnings last week and offered third-quarter guidance above consensus earnings and revenue estimates. At least two analysts raised their price targets as a result. Colorado-based Crocs is known for its brightly colored slip-on shoes, which are available in more than 90 countries and through stores such as Dillards, Nordstrom and Sports Authority, as well as about 180 company stores. Crocs has a market cap of $2.7 billion.

Its long-term earnings per share growth forecast is 25.0%, its PEG ratio is 0.8, and its return on equity is 20.0%. The consensus recommendation is to buy CROX. Shares are trading about 83% higher than at the beginning of the year. In that time, the stock has outperformed its industry average, as well as such competitors as Nike (NYSE: <a class="ticker" href="/stock/nke#NYSE">NKE</a>) and Timberland (NYSE: <a class="ticker" href="/stock/tbl#NYSE">TBL</a>).

Deckers reported a smaller-than-expected net loss on Friday along with a surge in same-store sales. It also raised its full-year earnings guidance. The company attributed the loss to restructuring costs and infrastructure investments. The company has an $3.2 billion market cap and it produces and markets Teva sports sandals and UGG boots through about 20 retail outlets worldwide, independent distributors, catalogs, and the Internet.

Deckers has long-term EPS growth forecast of 26.0%, a PEG ratio of 0.8, and a return on equity of 27.2%. Even though the P/E ratio is higher than the industry average, the consensus recommendation of analysts is to buy DECK. Year to date, the stock also has outperformed its industry average and Nike, as well as the broader markets.

Action Items: 

Bullish: Traders interested in exchange traded funds invested in Crocs and Deckers might want to consider the following trades:

<ul><li> Vanguard Small-Cap Growth Index Fund (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>): +31.2% in the past year</li>
<li> Vanguard Small-Cap Index Fund (NYSE: <a class="ticker" href="/stock/vb#NYSE">VB</a>): +23.9% in the past year</li>
<li> First Trust Consumer Discretionary AlphaDEX Fund (NYSE: <a class="ticker" href="/stock/fxd#NYSE">FXD</a>): +34.1% in the past year</li></ul>

Bearish: Traders seeking a little more return might want to consider these alternative positions:

<ul><li>Consumer Discretionary Select Sector SPDR Fund (NYSE: <a class="ticker" href="/stock/xly#NYSE">XLY</a>): +38.1% in the past year</li>
<li>SPDR S&amp;P Retail ETF (NYSE: <a class="ticker" href="/stock/xrt#NYSE">XRT</a>): +39.7% in the past year</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

CROX

DECK

Crocs and Deckers to Open Near 52-Week Highs

Coinstar (NASDAQ: <a class="ticker" href="/stock/cstr#NASDAQ">CSTR</a>) is scheduled to report its second-quarter 2011 results Thursday, July 28, after the markets close. Coinstar's Redbox DVD rental business may ultimately benefit from Netflix's (NASDAQ: <a class="ticker" href="/stock/nflx#NASDAQ">NFLX</a>) recently announced price change, but for the second quarter, investors no doubt will be keeping an eye on the growth in rental revenue and in the number of kiosks.

Analysts are looking for the self-service kiosk operator to report earnings of $0.81 per share, which is up from $0.39 in the same period of last year. That estimate is also up from $0.79 per share 60 days ago. The analysts' forecast also calls for the company to post revenues of $445.9 million, an increase of 30.3% from a year ago. Note that is above Coinstar's recent revenue guidance.

Analysts have underestimated Coinstar's per-share earnings in the past five quarters; in the first quarter earnings results were more than double the consensus estimate. Also, analysts so far are looking for sequential and year-over-year growth of both earnings and revenue in the current quarter.

The Company

Bellevue, Washington-based Coinstar operates automated retail businesses under the Redbox self-service DVD rental (more than 30,000 kiosks) and Coinstar self-service coin-counting (about 19,000 kiosks) brands. The company's kiosks can be found in the United States, Canada, Puerto Rico, the United Kingdom, and Ireland. The company was founded in 1991.

During the three months that ended in June, Redbox announced that it would begin offering video game rentals, and Coinstar announced a deal to put kiosks in Safeway (NYSE: <a class="ticker" href="/stock/swy#NYSE">SWY</a>) grocery stores. Coinstar also appointed a new chief customer officer.

Performance

The company has a long-term earnings per share growth forecast of 22.3%. Its forward P/E ratio estimate is less than the trailing P/E ratio, and it has a PEG ratio of 0.7. The consensus recommendation has been to buy the stock for more than 90 days; 12 of 18 analysts now rate CSTR a Buy or Strong Buy. Their mean price target (where analysts expect the share price to go) is currently $62.88 per share.

The share price closed Tuesday at $51.68, down from about $60 late last week, following lowered revenue guidance and the announcement of an executive departure. But shares are still 25.9% higher than six months ago. In that time, the stock has outperformed the specialty retail industry average and the broader markets, but it has underperformed Netflix.

Action Items:

Bullish: Traders interested in exchange traded funds invested in Coinstar might want to consider the following trades:

<ul><li>Vanguard Small-Cap Growth Index Fund (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>): up 32.9% in the past year</li>
<li>iShares Russell 2000 Growth Index Fund (NYSE: <a class="ticker" href="/stock/iwo#NYSE">IWO</a>): up 30.0% in the past year</li>
<li>iShares S&amp;P SmallCap 600 Growth Index Fund (NYSE: <a class="ticker" href="/stock/ijt#NYSE">IJT</a>): up 29.4% in the past year</li></ul>

Bearish: Traders looking for contrarian option might want to consider these positions:

<ul><li>ProShares UltraShort Russell2000 Growth (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SKK</a>): up 150.1% year to date</li>
<li>ProShares UltraShort SmallCap600 (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>): up 122.3% year to date</li>
<li>Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="/stock/tza#NYSE">TZA</a>): up 119.1% year to date</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

CSTR

iShares S&P SmallCap 600 Growth Index Fund

NFLX

Coinstar Earnings Preview: Strong EPS, Revenue Results Expected

We have just released ETF based plan Amerivest Guided Portfolios Based ETF Plan that uses index ETFs to represent the asset classes suggested by the Amerivest[...<a href="http://www.myplaniq.com/LTISystem/f401k_news.action?PID=4298">more</a>...] 
							(BIV) 
							(SPX) 
							(BLV) 
							(BND) 
							(BSV) 
							(BWX) 
							(DBC) 
							(EMB) 
							(GWX) 
							(IWC) 
							(JNK) 
							(MBB) 
							(TIP) 
							(VBK) 
							(VBR) 
							(VEU) 
							(VNQ) 
							(VOE) 
							(VOT) 
							(VTI) 
							(VTV) 
							(VUG) 
							(VWO) 
							(Brokerage Plans) 
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$SPX

PowerShares DBmmodity Index Optimum Yield Diversified Fund

iShares JPMorgan USD Emerging Markets Bond Fund

Using Asset Classes in Amerivest Guided Portfolios to Construct ETF Portfolios

Small cap ETFs are generally made up of investments in companies with less than $1 billion in market capitalization. Small Cap Growth ETFs offer investors diversification throughout a wide range of industries and the potential for very high returns. At the same time, these ETFs tend to move up and down with the market and are subject to high levels of volatility.
US Small Cap Growth ETFs, represented by the iShares Russell 2000 Small Cap Growth Index ETF (IWO), continued to outperform other styles of US Equity Assets with a one week return of 2.66% and a trend score of 13.93%. The small cap growth sector has also outperformed other US Equity Assets over a 52 week period, returning 24.31% in the past year. (See Russell Table)
<h2>US Equity Style Return</h2>
<h3>4/29/2011</h3>
 
<table border="2">
</table>
<table border="0" cellspacing="12">
<tbody>
<tr>
<th align="left">Assets Class</th>
<th>Symbols</th>
<th>04/27 Trend Score</th>
<th>04/20 Trend Score</th>
<th>Direction</th>
</tr>
<tr>
<td>Russell Smallcap Growth</td>
<td>IWO</td>
<td>14.01%</td>
<td>13.06%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Growth</td>
<td>IWP</td>
<td>12.57%</td>
<td>11.91%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Smallcap Index</td>
<td>IWM</td>
<td>11.05%</td>
<td>9.92%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Indedx</td>
<td>IWR</td>
<td>10.9%</td>
<td>10.15%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Midcap Value</td>
<td>IWS</td>
<td>9.84%</td>
<td>9.03%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Growth</td>
<td>IWF</td>
<td>9.25%</td>
<td>8.24%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Smallcap Value</td>
<td>IWN</td>
<td>8.56%</td>
<td>7.26%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Index</td>
<td>IWB</td>
<td>8.52%</td>
<td>7.38%</td>
<td>^</td>
</tr>
<tr>
<td>Russell Largecap Value</td>
<td>IWD</td>
<td>8.15%</td>
<td>6.96%</td>
<td>^</td>
</tr>
</tbody>
</table>
The trend score is defined as the average of 1,4,13,26 and 52 week total returns (including dividend reinvested).
<a rel="lightbox" href="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed"> <img src="http://www.myplaniq.com/LTISystem/article_toptablechart.action?tableName=USStyleReturnTableWed" /> </a>
<a rel="lightbox" href="http://www.myplaniq.com/LTISystem/article_lowtablechart.action?tableName=USStyleReturnTableWed"> <img src="http://www.myplaniq.com/LTISystem/article_lowtablechart.action?tableName=USStyleReturnTableWed" /> </a>
 
<div id="smallCapGrowth" class="back">
<h2>U.S. Small Cap Growth</h2>
04/29/2011
<div class="dividerTop">
<table id="USSmallCapGrowth" class="tablesorter" border="1" cellspacing="1" cellpadding="2">
<thead>
<tr>
<th> Description </th>
<th> Symbol </th>
<th> 1 Yr </th>
<th> 3 Yr </th>
<th> 5 Yr </th>
<th> Avg. Volume(K) </th>
<th> 1 Yr Sharpe </th>
</tr>
</thead>
<tbody>
<tr class="even">
<td>Vanguard Small Cap Growth ETF</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=VBK&amp;type=1&amp;includeHeader=true" target="_blank">VBK</a></td>
<td>27.33%</td>
<td>10.31%</td>
<td>6.52%</td>
<td>248</td>
<td>121.29%</td>
</tr>
<tr class="odd">
<td>iShares Russell 2000 Growth In</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IWO&amp;type=1&amp;includeHeader=true" target="_blank">IWO</a></td>
<td>26.68%</td>
<td>9.57%</td>
<td>4.89%</td>
<td>1,679</td>
<td>119.24%</td>
</tr>
<tr class="even">
<td>iShares S&amp;P SmallCap 600 Growth</td>
<td><a href="http://www.myplaniq.com/LTISystem/jsp/fundcenter/View.action?symbol=IJT&amp;type=1&amp;includeHeader=true" target="_blank">IJT</a></td>
<td>24.47%</td>
<td>8.6%</td>
<td>5.17%</td>
<td>187</td>
<td>121.82%</td>
</tr>
</tbody>
</table>

Among US Small Cap Growth ETFs, the Vanguard Small Cap Growth ETF (VBK) has shown the most strength, returning 27.33% in the past year. Others, including the iShares Russell 2000 Growth Index ETF (IWO) and the iShares S&amp;P SmallCap 600 Growth ETF (UT) have also provided investors with returns higher than 24%.
In recent periods, equities have experienced high levels of growth, leading many to speculate that a retraction is inevitable. If equity markets begin to lose value, US Small Cap Growth ETFs will certainly be impacted, as the performance of these ETFs correlate with general market conditions. Still, investors should expect strong returns from ETFs in this sector for the foreseeable future.

Symbols: <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VBK&amp;count=0032'>VBK</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWO&amp;count=0027'>IWO</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IJT&amp;count=0024'>IJT</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWO&amp;count=0027'>IWO</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWM&amp;count=00110'>IWM</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWR&amp;count=0032'>IWR</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWS&amp;count=0025'>IWS</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWF&amp;count=0013'>IWF</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWN&amp;count=0027'>IWN</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWB&amp;count=0011'>IWB</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=IWD&amp;count=0015'>IWD</a>
 
Tickers: (NYSE: VBK) (NYSE: IWO) (NYSE: IJT) (NYSE: IWO) (NYSE: IWP) (NYSE: IWM) (NYSE: IWR) (NYSE: IWS) (NYSE: IWF) (NYSE: IWN) (NYSE: IWB) (NYSE: IWD)
 
Disclosure: MyPlanIQ does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.
</div>
</div>
 
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iShares Trust Russell MidCap Value Index Fund

US Small Cap Growth ETFs Continue Strong Gains

Firstrade, the New York-based discount broker formerly known as First Flushing Securities, is the latest brokerage firm to throw its hat into the commission-free ETF, announcing it will offer 10 well-known ETFs to its clients free of trading charges.

The list of ETFs Firstrade selected is interesting to say the least. Six of them are Vanguard funds and all of those can be traded free of charge at Vanguard. Several other members of the Firstrade list can also be traded commission-free at Fidelity and TD Ameritrade (Nasdaq: <a class="ticker" href="/stock/amtd#Nasdaq">AMTD</a>).

Firstrade's commission-free is as follows:
Vanguard Long Term Bond <a href="http://www.marketbulletin.com/etf.php">ETF</a> (NYSE: <a class="ticker" href="/stock/blv#NYSE">BLV</a>)
Vanguard Intermediate Term Bond ETF (NYSE: <a class="ticker" href="/stock/biv#NYSE">BIV</a>)
Vanguard Short Term Bond ETF (NYSE: <a class="ticker" href="/stock/bsv#NYSE">BSV</a>)
Vanguard Small Cap Growth ETF (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>)
iShares S&amp;P MidCap 400 Index Fund (NYSE: <a class="ticker" href="/stock/ijh#NYSE">IJH</a>)
Vanguard Dividend Appreciation ETF (NYSE: <a class="ticker" href="/stock/vig#NYSE">VIG</a>)
Vanguard Emerging Markets ETF (NYSE: <a class="ticker" href="/stock/vwo#NYSE">VWO</a>)
iShares S&amp;P 500 Index Fund (NYSE: <a class="ticker" href="/stock/ivv#NYSE">IVV</a>)
PowerShares DB Commodity Index Tracking Fund (NYSE: <a class="ticker" href="/stock/dbc#NYSE">DBC</a>)
iShares FTSE/Xinhua China 25 Index Fund (NYSE: <a class="ticker" href="/stock/fxi#NYSE">FXI</a>)

Firstrade clients must hold the ETFs for more than 30 days or be subject to a $6.95 commission if they close their positions before that time.

Scottrade and Charles Schwab (NYSE: <a class="ticker" href="/stock/schw#NYSE">SCHW</a>) also offer commission-free trades on select ETFs.

Emerging Market ETFs

Currency ETFs

AMTD

SCHW

Another Entrant Into The Commission-Free ETF Game

<div>
The incidents in Japan, the Middle East and even as far back as New Orleans teach us the danger of living on borrowed time, the reactors, the governments the levees keeping things going -- just one more year. The temptation to delay until next time is very seductive until disaster strikes and the cost to repair, dwarfs the cost to prevent. Many working people put off their retirement investing -- just one more year until it becomes a "hair on fire" problem -- which it now is for baby boomers for whom retirement is a near and present danger.
We continue to examine luminary portfolios to see what we can learn and use to further our investment portfolios.
Ted Aronson and his AJO Partners manage about $25 billion of institutional assets. Aronson puts his family's taxable money in this well-diversified portfolio of no-load index funds.
 
<table border="1" cellspacing="1" cellpadding="1">
<tbody>
<tr>
<td valign="middle">Fund</td>
<td>Weight</td>
<td>Ticker</td>
<td>ETF</td>
</tr>
<tr>
<td>US Equities</td>
<td>40%</td>
<td>VFINX, VEXMX, VISGX, VTSMX, VISXX</td>
<td><a href="http://seekingalpha.com/symbol/vti">VTI</a>, <a href="http://seekingalpha.com/symbol/tmw">TMW</a>, <a href="http://seekingalpha.com/symbol/vbk">VBK</a>, <a href="http://seekingalpha.com/symbol/vbr">VBR</a></td>
</tr>
<tr>
<td>International Equity</td>
<td>20%</td>
<td>VPACX, VEURX</td>
<td><a href="http://seekingalpha.com/symbol/vea">VEA</a></td>
</tr>
<tr>
<td>Emerging Markets</td>
<td>10%</td>
<td>VEIEX</td>
<td><a href="http://seekingalpha.com/symbol/eem">EEM</a></td>
</tr>
<tr>
<td>US Bonds</td>
<td>30%</td>
<td>VIPSX, VUSTX, VWEHX</td>
<td><a href="http://seekingalpha.com/symbol/tip">TIP</a>, <a href="http://seekingalpha.com/symbol/lqd">LQD</a>, <a href="http://seekingalpha.com/symbol/hyg">HYG</a></td>
</tr>
</tbody>
</table>
<div> This is a well diversified four asset class portfolio with an aggressive profile. The US equities are broadly diversified. Asia Pacific is put above Europe for developed markets. There is a diversified set of fixed income with VWEHX and VUSTX being relatively high risk. The long term treasury bond has proved to be a good diversifier in recent history -- today all bonds are under pressure so this may be less true.
</div>
<div>The US component is possibly over-weighted and emerging markets could be increased or, even better, some real estate assets could be added.</div>
<div></div>
<div>This portfolio was last reviewed at the end of the year and we now re-examine performance over the last three months as we see markets changing and inflation becoming more of a present reality.</div>
<div> This lazy portfolio will be compared with six asset class SIB to examine the returns of four and six asset class portfolios
 <img src="http://www.myplaniq.com/LTISystem/UserFiles/1303173248255aronson-q2-11.jpg" alt="" width="640" />
<div id="show_Port_div" style="display: block;">
<h3>Portfolio Performance Comparison</h3>
<table id="comparetablePort" class="tablesorter" style="width: 100%;" border="0" cellspacing="1" cellpadding="0">
<colgroup><col style="width: 359px;" /><col style="width: 81px;" /><col style="width: 81px;" /><col style="width: 81px;" /><col style="width: 81px;" /><col style="width: 81px;" /><col style="width: 81px;" /></colgroup>
<thead>
<tr>
<th class="header" width="40%">Portfolio/Fund Name</th>
<th class="header" width="10%">1Yr AR</th>
<th class="header" width="10%">1Yr Sharpe</th>
<th class="header" width="10%">3Yr AR</th>
<th class="header" width="10%">3Yr Sharpe</th>
<th class="header" width="10%">5Yr AR </th>
<th class="header" width="10%">5Yr Sharpe</th>
</tr>
</thead>
<tbody>
<tr class="even">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=21188">Aronson Original</a></td>
<td>6%</td>
<td>74%</td>
<td>2%</td>
<td>14%</td>
<td>3%</td>
<td>16%</td>
</tr>
<tr class="odd">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=31641">Six Core Asset ETF Benchmark Tactical Asset Allocation Moderate</a></td>
<td>10%</td>
<td>71%</td>
<td>9%</td>
<td>73%</td>
<td>13%</td>
<td>91%</td>
</tr>
<tr class="even">
<td><a href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ViewPortfolio.action?ID=31644">Six Core Asset ETF Benchmark Strategic Asset Allocation Moderate</a></td>
<td>13%</td>
<td>103%</td>
<td>3%</td>
<td>20%</td>
<td>7%</td>
<td>35%</td>
</tr>
</tbody>
</table>
</div>
</div>
<div></div>
<div><a rel="nofollow" href="http://www.myplaniq.com/LTISystem/jsp/portfolio/ComparePortfolio.action?portfolioString=Aronson%20Original,Aronson%20Family%20Taxable%20Lazy%20Portfolio%20Tactical%20Asset%20Allocation%20Moderate,Aronson%20Family%20Taxable%20Lazy%20Portfolio%20Strategic%20Asset%20Allocation%20Moderate,Six%20Core%20Asset%20ETF%20Benchmark%20Tactical%20Asset%20Allocation%20Moderate,Six%20Core%20Asset%20ETF%20Benchmark%20Strategic%20Asset%20Allocation%20Moderate">full comparison</a> 
 The Aronson portfolio has four asset classes missing out on REIT and commodities. The performance over the last five years has not been exceptional with the Simple SIB able to beat it across the board.</div>
<div></div>
<div>Over the last three months, REIT and commodities have been in favor and having neither has had an impact on the Aronson returns.</div>
<div></div>
<div>
<div>Takeaways</div>
<ul>
<li>The Aronson lazy portfolio has moderate returns that can be beaten</li>
<li>Having broader diversification pays off as market conditions change</li>
<li>ETFs can readily be used to implement these portfolios with good performance</li>
<li>A 10% spread over five years means that it's worth looking at alternatives</li>
</ul>
</div>
</div>
<div>Disclosure:</div>
<div></div>
<div>MyPlanIQ does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.</div>
<div>The incidents in Japan, the Middle East and even as far back as New Orleans teach us the danger of living on borrowed time, the reactors, the governments the levees keeping things going -- just one more year. The temptation to delay until next time is very seductive until disaster strikes and the cost to repair, dwarfs the cost to prevent. Many working people put off their retirement investing -- just one more year until it becomes a "hair on fire" problem -- which it now is for baby boomers for whom retirement is a near and present danger.</div>
<span class="Apple-style-span" style="border-collapse: separate; color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"> 
<div>  Exchange Tickers:  (NYSE: VFINX), (NYSE: VEXMX), (NYSE: VISGX), (NYSE: VTSMX), (NYSE: VISXX), (NYSE: VTI), (NYSE: TMW), (NYSE: VBK), (NYSE: VBR), (NYSE: VPACX), (NYSE: VEURX), (NYSE: VEA), (NYSE: VEIEX), (NYSE: EEM), (NYSE: VIPSX), (NYSE: VUSTX), (NYSE: VWEHX), (NYSE: TIP), (NYSE: LQD), (NYSE: HYG)
</div>
<div>Symbols: <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VFINX&amp;count=005'>VFINX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VEXMX&amp;count=003'>VEXMX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VISGX&amp;count=004'>VISGX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VTSMX&amp;count=006'>VTSMX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VISXX&amp;count=003'>VISXX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VTI&amp;count=00110'>VTI</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TMW&amp;count=003'>TMW</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VBK&amp;count=0031'>VBK</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VBR&amp;count=0026'>VBR</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VPACX&amp;count=003'>VPACX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VEURX&amp;count=003'>VEURX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VEA&amp;count=0012'>VEA</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VEIEX&amp;count=006'>VEIEX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=EEM&amp;count=00122'>EEM</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VIPSX&amp;count=007'>VIPSX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VUSTX&amp;count=004'>VUSTX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=VWEHX&amp;count=003'>VWEHX</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=TIP&amp;count=0037'>TIP</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=LQD&amp;count=0070'>LQD</a>, <a href ='http://www.myplaniq.com/LTISystem/f401k_symbols.action?symbol=HYG&amp;count=00102'>HYG</a></div>
 
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VEIEX

VEURX

VEXMX

VFINX

VIPSX

VISGX

VPACX

VTSMX

VUSTX

REIT and Commodities In Simple Six Fund Portfolio Shows Up Aronson's Lazy Portfolio

WisdomTree Trust WisdomTree SmallCap Dividend

DODGX

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

FCNTX

iShare Morningstar Large Growth Index Fund

iShares Morningstar Large Value Index Fund

iShares Morningstar Small Growth Index Fund

PowerShares Dynamic Developed International Opportunities Portfolio

PowerShares ETF Trust International Dividend Achievers Portfolio

PowerShares Exchange Traded Fund Dynamic Mid Cap Portfolio

PowerShares Exchange Traded Fund Dynamic Small Cap Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Small Cap Growth Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Large Cap Value Portfolio

QQQQ

Rydex ETF Trust S&P Midcap 400 Pure Growth ETF

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

Rydex ETF Trust Rydex S&P Equal Weight ETF

Rydex ETF Trust S&P Smallcap 600 Pure Growth ETF

SCHV

SCHX

National Semiconductor Provides Good Funds in Their Retirement Plan

Amazon.com (Ticker: AMZN) is the largest online book and goods seller. It was founded in 1994 and is headquartered in Seattle, Washington. It pioneered in online ecommerce and has been very successful in its aggressive business expansion. When it comes to its retirement plan investment choices, however, it provides a somewhat U.S. centric and old style plan.
The <a rel="nofollow">Amazon.com 401K Plan</a> consists of 12 funds. These funds enable participants to gain exposure to 3 major assets: US Equity, Foreign Equity, Fixed Income. This is a very conventional retirement plan that has been clearly U.S. and developed countries centric.
<table style="width: 50%;" border="0">
<thead>
<tr>
<th align="left">Asset Class</th>
<th align="left">Ticker</th>
<th align="left">Name</th>
</tr>
</thead>
<tbody>
<tr>
<td width="40%">LARGE GROWTH</td>
<td width="20%">RGAEX</td>
<td width="40%">American Funds Growth Fund of Amer R4</td>
</tr>
<tr>
<td width="40%">LARGE BLEND</td>
<td width="20%">VFINX</td>
<td width="40%">Vanguard 500 Index Investor</td>
</tr>
<tr>
<td width="40%">LARGE GROWTH</td>
<td width="20%">VFTSX</td>
<td width="40%">Vanguard FTSE Social Index Inv</td>
</tr>
<tr>
<td width="40%">LARGE VALUE</td>
<td width="20%">VWNFX</td>
<td width="40%">Vanguard Windsor II</td>
</tr>
<tr>
<td width="40%">MID-CAP BLEND</td>
<td width="20%">VSEQX</td>
<td width="40%">Vanguard Strategic Equity</td>
</tr>
<tr>
<td width="40%">SMALL VALUE</td>
<td width="20%">AVPAX</td>
<td width="40%">American Beacon Small Cp Val Plan</td>
</tr>
<tr>
<td width="40%">Small Growth</td>
<td width="20%">VEXPX</td>
<td width="40%">Vanguard Explorer</td>
</tr>
<tr>
<td width="40%">Foreign Large Blend</td>
<td width="20%">JIEIX</td>
<td width="40%">Artio International Equity I</td>
</tr>
<tr>
<td width="40%">Intermediate-Term Bond</td>
<td width="20%">PTTRX</td>
<td width="40%">PIMCO Total Return Instl</td>
</tr>
<tr>
<td width="40%">Retirement Income</td>
<td width="20%">VTINX</td>
<td width="40%">Vanguard Target Retirement Income</td>
</tr>
<tr>
<td width="40%">US EQUITY</td>
<td width="20%">AMZN</td>
<td width="40%">Amazoncom Inc</td>
</tr>
<tr>
<td width="40%">Money Market</td>
<td width="20%"></td>
<td width="40%"> </td>
</tr>
</tbody>
</table>
 
The list of minor asset classes covered: Foreign Large Blend: EFA, VEU, GWL, PFA Intermediate-term Bond: AGG, CIU, BIV, BND Large Blend: IVV, IYY, IWV, VTI, VV, SPY, DLN, RSP, SCHX Large Growth: IVW, IWZ, JKE, VUG, ELG, QQQQ, RPG, SCHG Large Value: IVE, IWW, JKF, VTV, ELV, PWV, RPV, SCHV Mid-cap Blend: IJH, IWR, JKG, VO, MDY, EMM, PJG, DON, EZM, MVV Retirement Income: Small Growth: IJT, IWO, JKK, VBK, DSG, PWT, RZG, UKK Small Value: IJS, IWN, JKL, VBR, DSV, PWY, RZV, UVT Us Equity: IVV, IYY, IWV, VTI, VV, SPY, DLN, RSP, SCHX
<table border="0">
<thead>
<tr>
<th align="left">Asset Class</th>
<th>Number of funds</th>
</tr>
</thead>
<tbody>
<tr>
<td>REITs</td>
<td>0</td>
</tr>
<tr>
<td>Balanced Fund</td>
<td>1</td>
</tr>
<tr>
<td>Fixed Income</td>
<td>1</td>
</tr>
<tr>
<td>Commodity</td>
<td>0</td>
</tr>
<tr>
<td>Sector Fund</td>
<td>0</td>
</tr>
<tr>
<td>Foreign Equity</td>
<td>1</td>
</tr>
<tr>
<td>Emerging Market Equity</td>
<td>0</td>
</tr>
<tr>
<td>US Equity</td>
<td>8</td>
</tr>
<tr>
<td>Other</td>
<td>9</td>
</tr>
<tr>
<td>Total</td>
<td>12</td>
</tr>
</tbody>
</table>
As of Mar 21, 2011, this plan investment choice is rated as below average based on MyPlanIQ <a rel="nofollow">Plan Rating methodology </a> that was designed to measure how effective a plan's available investment funds are . It has the following detailed ratings:
Diversification -- Rated as average (43%) Fund Quality -- Rated as below average (19%) Portfolio Building -- Rated as average (38%) Overall Rating: 		below average (34%)
Since Amazon.com was founded in 1994, the world has gone through dramatic changes. Globalization has enabled countries like China, India and Brazil to emerge as strong economic powers in the world, partly due to the rapid development in internet and communication. Ironically, Amazon.com, while being aggressive to pursue its cutting edge business practice and technology, has provided its employees a very traditional retirement plan that lacks of other major asset exposure including emerging market stocks and real estate investments (REITs). This is reflected in the performance of the following model portfolios that adopt asset allocation strategies: strategic and tactical asset allocation strategies (<a rel="nofollow">SAA </a>and <a rel="nofollow">TAA </a>for participants in Amazon.com 401K Plan).
Strategic Asset Allocation is based on well known modern portfolio theory and its key features include: diversification, proper fund selection and periodically re-balancing.
Tactical Asset Allocation works on a diversified array of assets provided by funds in a plan and adjusts asset mixes based on market conditions such as asset price momentum utilized by TAA.
The chart and table below show the historical performance of moderate model portfolios employing strategic and tactical asset allocation strategies. For comparison purpose, we also include the moderate model portfolios of a typical 3 asset <a rel="nofollow">SIB (Simpler Is Better) plan </a>. This SIB plan has the following candidate index funds and their ETFs equivalent:
US Equity: SPY or VTI Foreign Equity: EFA or VEU Fixed Income: AGG or BND Performance chart (as of Mar 21, 2011)
<a rel="lightbox"> </a>
<a rel="lightbox" href="../LTISystem/article_viewchart.action?portfolioID=17111,17117,31628,31631"> <img style="margin: 6px;" title="chart" src="http://www.myplaniq.com/LTISystem/article_viewchart.action?portfolioID=17111,17117,31628,31631" alt="chart" /></a><a rel="lightbox" href="../LTISystem/article_viewchart.action?portfolioID=17111,17117,31628,31631"> </a>
Performance table (as of Mar 21, 2011)
<div id="show_Port_div" style="display: block;">
<table id="comparetablePort" class="tablesorter" style="width: 100%;" border="0" cellspacing="1" cellpadding="0">
<thead>
<tr>
<th class="header" width="40%">Portfolio Name</th>
<th class="header" width="10%">1Yr AR</th>
<th class="header" width="10%">1Yr Sharpe</th>
<th class="header" width="10%">3Yr AR</th>
<th class="header" width="10%">3Yr Sharpe</th>
<th class="header" width="10%">5Yr AR </th>
<th class="header" width="10%">5Yr Sharpe</th>
</tr>
</thead>
<tbody>
<tr>
<td><a> Amazon.com 401K Plan Tactical Asset Allocation Moderate</a></td>
<td>4%</td>
<td>32%</td>
<td>7%</td>
<td>70%</td>
<td>8%</td>
<td>70%</td>
</tr>
<tr>
<td><a> Amazon.com 401K Plan Strategic Asset Allocation Moderate</a></td>
<td>7%</td>
<td>60%</td>
<td>4%</td>
<td>26%</td>
<td>5%</td>
<td>30%</td>
</tr>
<tr>
<td><a> Three Core Asset ETF Benchmark Tactical Asset Allocation Moderate</a></td>
<td>-2%</td>
<td>-32%</td>
<td>2%</td>
<td>16%</td>
<td>4%</td>
<td>28%</td>
</tr>
<tr>
<td><a> Three Core Asset ETF Benchmark Strategic Asset Allocation Moderate</a></td>
<td>11%</td>
<td>69%</td>
<td>4%</td>
<td>13%</td>
<td>4%</td>
<td>14%</td>
</tr>
</tbody>
</table>
</div>
Currently Commodities, Real Estate and US Equity are doing well. Only US Equity is available to Amazon.com 401K Plan participants.
This plan beats the three asset benchmark by virtue of the US asset class choices. If would be a stronger plan with more fixed income choices and an additional asset class.
To summarize, Amazon.com 401K Plan would do well by their employees to consider reviewing their existing funds and adding additional asset classes such as REITs and emerging market stocks.
Symbols:<a href ='../../../../LTISystem/f401k_symbols.action?symbol=AMZN&amp;count=002'>AMZN</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=SPY&amp;count=00127'>SPY</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VTI&amp;count=0091'>VTI</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=EFA&amp;count=00142'>EFA</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VEU&amp;count=00124'>VEU</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=AGG&amp;count=00134'>AGG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=BND&amp;count=00144'>BND</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IVV&amp;count=0044'>IVV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IYY&amp;count=0036'>IYY</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWV&amp;count=0041'>IWV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VV&amp;count=0036'>VV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=DLN&amp;count=0038'>DLN</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=RSP&amp;count=0040'>RSP</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=SCHX&amp;count=0036'>SCHX</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=CIU&amp;count=00104'>CIU</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=BIV&amp;count=0045'>BIV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=GWL&amp;count=0038'>GWL</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=PFA&amp;count=0035'>PFA</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IVE&amp;count=0035'>IVE</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWW&amp;count=0032'>IWW</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=JKF&amp;count=0025'>JKF</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VTV&amp;count=0037'>VTV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=ELV&amp;count=0024'>ELV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=PWV&amp;count=0025'>PWV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=RPV&amp;count=0025'>RPV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=SCHV&amp;count=0027'>SCHV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IVW&amp;count=0040'>IVW</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWZ&amp;count=0032'>IWZ</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=JKE&amp;count=0029'>JKE</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VUG&amp;count=0041'>VUG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=ELG&amp;count=0028'>ELG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=QQQQ&amp;count=0081'>QQQQ</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=RPG&amp;count=0029'>RPG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=SCHG&amp;count=0031'>SCHG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IJH&amp;count=0026'>IJH</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWR&amp;count=0026'>IWR</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=JKG&amp;count=0017'>JKG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VO&amp;count=0026'>VO</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=MDY&amp;count=0072'>MDY</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=EMM&amp;count=0020'>EMM</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=PJG&amp;count=0017'>PJG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=DON&amp;count=0020'>DON</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=EZM&amp;count=0020'>EZM</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=MVV&amp;count=0016'>MVV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IJS&amp;count=0022'>IJS</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWN&amp;count=0022'>IWN</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=JKL&amp;count=0013'>JKL</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VBR&amp;count=0021'>VBR</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=DSV&amp;count=0014'>DSV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=PWY&amp;count=0013'>PWY</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=RZV&amp;count=0013'>RZV</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=UVT&amp;count=0013'>UVT</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IJT&amp;count=0019'>IJT</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=IWO&amp;count=0020'>IWO</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=JKK&amp;count=0013'>JKK</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=VBK&amp;count=0024'>VBK</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=DSG&amp;count=0013'>DSG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=PWT&amp;count=0011'>PWT</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=RZG&amp;count=0010'>RZG</a>,<a href ='../../../../LTISystem/f401k_symbols.action?symbol=UKK&amp;count=0010'>UKK</a>,
Exchange Tickers:(AMZN),(SPY),(VTI),(EFA),(VEU),(AGG),(BND),(IVV),(IYY),(IWV),(VV),(DLN),(RSP),(SCHX),(CIU),(BIV),(GWL),(PFA),(IVE),(IWW),(JKF),(VTV),(ELV),(PWV),(RPV),(SCHV),(IVW),(IWZ),(JKE),(VUG),(ELG),(QQQQ),(RPG),(SCHG),(IJH),(IWR),(JKG),(VO),(MDY),(EMM),(PJG),(DON),(EZM),(MVV),(IJS),(IWN),(JKL),(VBR),(DSV),(PWY),(RZV),(UVT),(IJT),(IWO),(JKK),(VBK),(DSG),(PWT),(RZG),(UKK)
Disclosure:
MyPlanIQ does not have any business relationship with the company or companies mentioned in this article. It does not set up their retirement plans. The performance data of portfolios mentioned above are obtained through historical simulation and are hypothetical.
 
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AMZN

streetTRACKS Dow Jones U.S. Small Cap Value Index Fund

iShares S&P SmallCap 600 Value Index Fund

iShares Morningstar Small Value Index Fund

PowerShares Exchange Traded Fund Trust Dynamic Small Cap Value Portfolio

Rydex ETF Trust S&P Smallcap 600 Pure Value ETF

Online Pioneer Amazon.com Can Expand Its 401K Plan for More Diversification

탄탄한 수익 성장, 높은 가치 평가, 강력한 혁신 잠재력을 특징으로 하는 성장 주식에 초점을 맞춘 상장지수펀드(ETF)는 <a href="https://www.benzinga.com/etfs">6월에 자금 유입</a>이 증가했다.
성장연계 펀드에 대한 관심의 급증은 기술 부문에 대한 투자자의 신뢰 증가와 인공 지능(AI)과 같은 파괴적인 혁신을 반영하여 가치주에 비해 성장주의 상당한 성과와 일치했다.
운용자산(AUM) 기준으로 가장 큰 8개 성장연계 ETF는 이달 초부터 6월 24일까지 총 122억 달러 상당의 자금이 유입되었다.
선두를 달리고 있는 뱅가드 성장 ETF(Vanguard Growth ETF)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>)는 ETF 동종 업계 중 가장 높은 월별 유입을 기록하며 인상적인 56억 8천만 달러를 유치했다. 이 놀라운 수치는 Vanguard Growth ETF의 월간 최고 유입으로 기록될 예정이며, 6월에는 iShares Core S&amp;P 500 ETF(NYE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)가 유치한 약 100억 달러에 이어 2위를 차지했다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>성장 ETF</th>
<th>AUM</th>
<th>6월 자금 유입(6월 24일 기준)</th>
</tr>
</thead>
<tbody>
<tr>
<td>뱅가드 성장 ETF</td>
<td>139.84B 달러</td>
<td>5.68B 달러</td>
</tr>
<tr>
<td>IShares Russell 1000 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>)</td>
<td>97.00B 달러</td>
<td>0.03B 달러</td>
</tr>
<tr>
<td>IShares S&amp;P 500 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>)</td>
<td>52.96B 달러</td>
<td>4.01B 달러</td>
</tr>
<tr>
<td>슈왑 U.S. 대형주 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHG#NYSE">SCHG</a>)</td>
<td>30.62B 달러</td>
<td>0.44B 달러</td>
</tr>
<tr>
<td>SPDR 포트폴리오 S&amp;P 500 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYG#NYSE">SPYG</a>)</td>
<td>29.40B 달러</td>
<td>0.47B 달러</td>
</tr>
<tr>
<td>뱅가드 메가캡 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGK#NYSE">MGK</a>)</td>
<td>22.39B 달러</td>
<td>1.08B 달러</td>
</tr>
<tr>
<td>뱅가드 러셀 1000 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VONG#NYSE">VONG</a>)</td>
<td>20.81B 달러</td>
<td>0.08B 달러</td>
</tr>
<tr>
<td>IShares 코어 S&amp;P U.S. 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IUSG#NYSE">IUSG</a>)</td>
<td>18.94B 달러</td>
<td>0.15B 달러</td>
</tr>
<tr>
<td>뱅가드 스몰캡 성장 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBK#NYSE">VBK</a>)</td>
<td>17.25B 달러</td>
<td>0.26B 달러</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>총계</td>
<td></td>
<td>12.2B 달러</td>
</tr>
</tfoot>
</table><figcaption class="wp-element-caption">출처: TradingView</figcaption></figure>
<h3 class="wp-block-heading">가치에 비해 매출 급증한 성장주</h3>
동료인 Vanguard Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)에 대한 Vanguard Growth ETF의 상대 성과는 6월에 새로운 최고 기록을 세웠으며, <a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1">Benzinga Pro</a>의 아래 차트에 설명된 바와 같이 2021년 11월에 달성한 이전 최고치를 넘어섰다.
6월 성장 스타일의 뛰어난 성과를 이끈 주요 원동력은 거대 기술 기업인 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)와 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)이며, 각각 15%와 8.8%의 강력한 상승세를 보였다.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/pro/register0524b?utm_source=BZprocontent062524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" class="wp-image-405212" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1024x460.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-300x135.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-768x345.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56-1536x690.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/25160222/image-56.png 1920w" alt="" width="1024" height="460" /></a></figure>
다음 기사
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39440559/growth-stocks-leave-value-stocks-in-the-dust-4-reasons-for-biggest-monthly-lead-in-">성장주가 가치주를 뒤흔들다: 지난 1년 동안 월간 상승폭이 가장 컸던 4가지 이유</a></li>
</ul>

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