에 대한 최신 뉴스 Vanguard Small-Cap Value ETF (ARCA:VBR)

Vanguard Small-Cap Value ETF

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The Fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index (the Index), a broadly diversified index of value stocks of small U.S. companies. The Fund 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.

Carlisle Cos Inc

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초저금리의 시대는 완전히 지나갔다. 위즈덤트리(WisdomTree)의 주식 전략 책임자 제프 웨니거(Jeff Weniger)는 투자자들에게 분명한 메시지를 전했다. &#34;10년 만기 국채 수익률이 4%대 초반이면 S&amp;P 500 지수 수익률은 무위험 수익률을 간신히 넘거나 넘지 못하는 수준에 머물게 된다.&#34;

독점: 위즈덤트리 &#34;고금리 장기화 속 가치주 투자로 이동, 관세 우려는 과장&#34;

With <a href="https://www.benzinga.com/topic/interest-rates">ultra-low interest rates</a> firmly in the rearview mirror, Jeff Weniger, Head of Equity Strategy at WisdomTree, has a clear message for investors: &#8220;Anything in the high-4s on a 10-year Treasury rate puts the S&amp;P 500's earnings yield at a level where it either barely exceeds or does not exceed the risk-free yield.&#8221;
In other words, it&#8217;s time to rethink the Growth vs. Value debate.
In an exclusive interview with Benzinga, Weniger said that investors in the "higher for longer" camp should focus on Value stocks. ETFs such as the Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>), the SPDR Select Sector Fund &#8211; Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), the Vanguard Small-Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBR#NYSE">VBR</a>) and the iShares Select Dividend ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVY#NASDAQ">DVY</a>) provide exposure to value equity in the U.S.
Read Also: <a href="https://www.benzinga.com/25/01/43059744/exclusive-can-sp-500-repeat-large-gains-from-donald-trumps-first-term-a-second-time-around-readers-say-this-return-range-most-likely" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Can S&amp;P 500 Repeat Large Gains From Donald Trump&#8217;s First Term A Second Time Around? Readers Say This Return Range Most Likely</a>
As rates rise, the yields on Treasury bonds become more competitive with stock market earnings, making growth stocks, which have long outperformed, much less attractive. In such a scenario, investors in growth-focused ETFs such as the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and the Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) should remain wary of their holdings.
"In that scenario, which is a live one, investors need to reassess the more speculative portions of their portfolio," he said.
<h2 class="wp-block-heading">Tariff Tension &amp; Its Surprising Impact</h2>
While tariffs continue to be a topic of concern, Weniger suggests that much of this risk is already baked into the market. &#8220;Tariff risk is one of the most priced-in risks we have seen for some time,&#8221; he explained.
Reshoring efforts, which began during the pandemic, are unlikely to be significantly affected by new tariffs. So, if you&#8217;re expecting a major tariff shock to upend the market, Weniger believes the impact may be much smaller than anticipated.
<h2 class="wp-block-heading">Inflation's Hidden Risks: Housing Edition</h2>
Beyond energy prices, Weniger identifies a potentially overlooked inflation risk: housing. &#8220;The market needs to contend with the very real arithmetic of Owners Equivalent Rent in the CPI calculation,&#8221; he said.
Even if home prices stagnate or fall, the inflated housing costs will continue to push the CPI higher.
<h2 class="wp-block-heading">Navigating Market Sentiment</h2>
With macro uncertainties looming, Weniger advises investors to manage their risk carefully. &#8220;Sentiment is arguably bubbly in certain pockets of U.S. markets and downright moribund in others,&#8221; he adds, suggesting that international stocks might be a safer bet while scaling back exposure to U.S. equities in the current volatile climate.
The Vanguard FTSE Developed Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEA#NYSE">VEA</a>), the iShares Core MSCI EAFE ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEFA#BATS">IEFA</a>) and the WisdomTree International Hedged Quality Dividend Growth Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHDG#NYSE">IHDG</a>) provide exposure to international equity.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/43083803/market-bets-on-trumps-tariff-announcement-plummet-dollar-falls-whats-going-on">Market Bets On Trump&#8217;s Tariff Announcement Plummet, Dollar Falls: What&#8217;s Going On?</a></li>
</ul>
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EXCLUSIVE: 'Higher For Longer' Interest Rates Shift Investors To Value, Tariff Fears Overstated, Says WisdomTree Expert

Looking for broad exposure to the Small Cap Value segment of the US equity market? You should consider the JPMorgan BetaBuilders U.S. Small Cap Equity ETF (ARCA:BBSC), a passively managed exchange traded fund launched on 11/16/2020.
The fund is sponsored by J.P. Morgan. It has amassed assets over $520.35 million, making it one of the average sized ETFs attempting to match the Small Cap Value segment of the US equity market.
<h2>Why Small Cap Value</h2>
Small cap companies have market capitalization below $2 billion. They usually have higher potential than large and mid cap companies with stocks but higher risk.
While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. Value stocks have outperformed growth stocks in nearly all markets when you consider long-term performance, growth stocks are more likely to outpace value stocks in strong bull markets.
<h2>Costs</h2>
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF&#39;s expense ratio.
Annual operating expenses for this ETF are 0.09%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.48%.
<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.
This ETF has heaviest allocation to the Financials sector--about 19.90% of the portfolio. Healthcare and Industrials round out the top three.
Looking at individual holdings, Jpmorgan Us Govt Mmkt Fun accounts for about 1.50% of total assets, followed by Insmed Inc Common Stock (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/insm#NASDAQ">INSM</a>) and Carpenter Technology (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>).
The top 10 holdings account for about 5.66% of total assets under management.
<h2>Performance and Risk</h2>
BBSC seeks to match the performance of the MORNINGSTAR US SML CP TRG MRK EXP EXT ID before fees and expenses. The Morningstar US Small Cap Target Market Exposure Extended Index is a free-float adjusted, market-cap weighted index that targets small cap securities traded in the U.S.
The ETF has gained about 7.42% so far this year and it&#39;s up approximately 20.46% in the last one year (as of 09/16/2024). In the past 52-week period, it has traded between $48.58 and $67.50.
The ETF has a beta of 1.08 and standard deviation of 23.45% for the trailing three-year period. With about 796 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
JPMorgan BetaBuilders U.S. Small Cap Equity 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, BBSC is an excellent option for investors seeking exposure to the Style Box - Small Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Avantis U.S. Small Cap Value ETF (ARCA:AVUV) and the Vanguard Small-Cap Value ETF (ARCA:VBR) track a similar index. While Avantis U.S. Small Cap Value ETF has $12.95 billion in assets, Vanguard Small-Cap Value ETF has $29.58 billion. AVUV has an expense ratio of 0.25% and VBR charges 0.07%.
<h2>Bottom-Line</h2>
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2336240/should-jpmorgan-betabuilders-u-s-small-cap-equity-etf-bbsc-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2336240">To read this article on Zacks.com click here.</a>

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Should JPMorgan BetaBuilders U.S. Small Cap Equity ETF Be on Your Investing Radar?

Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the WisdomTree U.S. SmallCap Dividend ETF (ARCA:DES) is a smart beta exchange traded fund launched on 06/16/2006.
<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.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
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.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
<h2>Fund Sponsor &amp; Index</h2>
The fund is managed by Wisdomtree, and has been able to amass over $2.06 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. Before fees and expenses, DES seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index.
The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market.
<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 0.38% for DES, making it on par with most peer products in the space.
It&#39;s 12-month trailing dividend yield comes in at 2.58%.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 27.60% of the portfolio, the fund has heaviest allocation to the Financials sector; Industrials and Consumer Discretionary round out the top three.
Looking at individual holdings, Organon &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogn#NYSE">OGN</a>) accounts for about 1.57% of total assets, followed by TFS&nbsp;Financial Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tfsl#NASDAQ">TFSL</a>) and Allete Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ale#NYSE">ALE</a>).
The top 10 holdings account for about 8.19% of total assets under management.
<h2>Performance and Risk</h2>
The ETF return is roughly 9.65% and it&#39;s up approximately 17.30% so far this year and in the past one year (as of 07/31/2024), respectively. DES has traded between $26.55 and $34.83 during this last 52-week period.
The fund has a beta of 1.09 and standard deviation of 19.51% for the trailing three-year period, which makes DES a medium risk choice in this particular space. With about 595 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
WisdomTree U.S. SmallCap Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.
Avantis U.S. Small Cap Value ETF (ARCA:AVUV) tracks ---------------------------------------- and the Vanguard Small-Cap Value ETF (ARCA:VBR) tracks CRSP U.S. Small Cap Value Index. Avantis U.S. Small Cap Value ETF has $13.13 billion in assets, Vanguard Small-Cap Value ETF has $29.85 billion. AVUV has an expense ratio of 0.25% and VBR 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 Value.
<a href="https://www.zacks.com/stock/news/2312604/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2312604">To read this article on Zacks.com click here.</a>

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TFSL

Is WisdomTree U.S. SmallCap Dividend ETF a Strong ETF Right Now?

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?

Thursday morning was marked by the release of significant economic data for the United States, setting the tone for the trading session.
The producer price index rose by 0.7% month-on-month in August, jumping from July&#8217;s 0.3% increase <a href="https://www.benzinga.com/economics/macro-economic-events/23/09/34578625/producer-prices-unexpectedly-soar-1-6-in-august-deepening-inflation-worries-rate-">and surpassing estimates of 0.4%.</a> 
This represented the highest monthly price increase for producers since June 2022. Annual inflation among producers reached 1.6%, exceeding economists&#8217; projections of 1.2%.
The PPI&#8217;s unexpected rise comes on the heels of a higher-than-expected consumer price index report released just a day earlier. August CPI inflation increased to 3.7%, up from 3.2% in July, slightly <a href="https://www.benzinga.com/economics/macro-economic-events/23/09/34540762/august-cpi-surge-stuns-economists-rate-hike-looms-or-just-a-blip">above the anticipated 3.6%. </a>
These elevated figures have raised concerns about the Federal Reserve&#8217;s monetary policy, as mounting inflation pressures could prompt the Fed to rethink its interest rate path. 
Despite the reactivation of inflationary pressures, American consumer demand remains strongly robust. August witnessed <a href="https://www.benzinga.com/economics/macro-economic-events/23/09/34579383/august-retail-sales-beat-expectations-defying-inflation-high-interest-rates">0.6% month-on-month growth in retail sales</a>, surpassing July&#8217;s 0.5% and beating expectations of 0.2%. This impressive streak marks the fifth consecutive month of rising retail sales. 
The resilience in consumer spending defies the gravitational pull of inflation and high interest rates, confounding market analysts and policymakers alike.
<h2 class="wp-block-heading">Experts Weigh In On Reflation Phase</h2>
Chris Zaccarelli, chief investment Officer for Independent Advisor Alliance, said consumers continue to spend more than anticipated despite the higher interest rate environment. The Federal Reserve now faces a tough task, as data coming in hotter than predicted could put increasing pressure on the central bank to consider raising rates once more at the November meeting, he said. 
Jeffrey Roach, chief economist for LPL Financial, tried to cool down the excitement, stating that retail sales figures are not adjusted for inflation. The expert highlighted that the surge in August retail sales was primarily driven by an increase in gas purchases. When accounting for inflation, the economy shows signs of losing some momentum, although many businesses still enjoyed a strong summer with growing sales.
<h2 class="wp-block-heading">Market Reactions: 5 ETFs Rallying Thursday</h2>
The top-performing exchange-traded funds on Thursday were predominantly focused on cyclical sectors, which typically thrive when the economic engine is firing on all cylinders.
<ol>
<li>SPDR Metals and Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>) up 2.3%, top performing stock: Schnitzer Steel Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) up 4.7%. </li>
<li>SPDR Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) up 1.5%; top performing stock: Citizen Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) up 3.1%. </li>
<li>Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) up 1.3%; top performing stock: Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) up 9.4%. </li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) up 1.2%; top performing stock: Marathon Oil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) up 3.2%. </li>
<li>iShares MSCI EAFE Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFV#NYSE">EFV</a>) 1.1%; top performing stock: Aviva plc (OTCPK: AVVIY) up 4.3% </li>
</ol>
Read now: <a href="https://www.benzinga.com/news/23/09/34582519/arms-ipo-could-be-valued-at-54b-google-slashes-jobs-in-global-recruiting-starbucks-founder-and-forme">Arm&#8217;s IPO Could Be Valued At $54B, Google Slashes Jobs in Global Recruiting, Starbucks Founder And Former CEO To Leave: Today&#8217;s Top Stories</a>

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Inflation Surges, Consumer Demand Ignites Reflation Trade: Top 5 ETFs Dominating Thursday's Market

It can be said that value is in the eye of the beholder, but there probably isn&#39;t a practical universe in which Beyond Meat (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bynd#NASDAQ">BYND</a>) stock is considered value fare.
Value stocks typically don&#39;t rise 71% in less than a month as Beyond Meat shares have done so to start 2020. For those that need more convincing this stock isn&#39;t more expensive, there&#39;s the following data <a href="https://www.morningstar.com/stocks/xnas/bynd/quote">courtesy of Morningstar</a>: a price-to-sales ratio of 28.62 times, a price-to-book ratio of 17.82 times and a jaw-dropping forward price-to-earnings ratio of 416.67 times.
The research firm classifies Beyond Meat as a mid-cap growth stock, yet here we are discussing the stock&#39;s appearance in not one, but several value exchange traded funds.
To be fair, the following funds don&#39;t necessarily have significant Beyond Meat exposure on a percentage basis. Few ETFs do, but some of these products are value funds and are among the largest shareholders in Beyond Meat, a stock that clearly isn&#39;t a value proposition.
<h3>iShares Russell 1000 Value ETF (IWD)</h3>
The iShares Russell 1000 Value ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iwd#NYSE">IWD</a>) tracks the Russell 1000 Value Index, the value offshoot of the popular Russell 1000, and holds 764 stocks. Beyond Meat represents a scant <a href="https://www.ishares.com/us/products/239708/?referrer=tickerSearch">0.03% of this ETF&#39;s weight</a>, but this fund does hold nearly 136,000 shares of the stock. On that basis, IWD is one of the largest ETF owners of Beyond Meat and, as its name implies, is a value fund.
See Also: <a href="https://www.benzinga.com/news/20/01/15161024/beyond-meat-shares-surge-as-starbucks-looks-towards-plant-options-in-carbon-pledge">Beyond Meat Shares Surge As Starbucks Looks Towards Plant Options In Carbon Pledge</a>
<h3>iShares Russell Mid-Cap Value ETF (IWS)</h3>
I thought I said Morningstar classifies beyond as a mid-cap growth stock? I did, but here it is appearing in the iShares Russell Mid-Cap Value ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iws#NYSE">IWS</a>), which is supposed to be a mid-cap value fund.
The $12 billion IWS follows the Russell MidCap Value Index and holds 631 stocks, none of which exceed weights of 0.90%, so its fair to say Beyond Meat doesn&#39;t dominate this fund. It doesn&#39;t. Not at <a href="https://www.ishares.com/us/products/239719/?referrer=tickerSearch">weight of 0.10%</a>, but the stock&#39;s residence in this ETF is still quixotic at best.
<h3>Vanguard Small-Cap Value ETF (VBR)</h3>
This is where things get really interesting. The Vanguard Small-Cap Value ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vbr#NYSE">VBR</a>) is a fine fund, but for those who believe in small-cap territory ending in the $2 billion to $2.5 billion, VBR is a violator with a median market value of $4.2 billion, but even that&#39;s a far cry from Beyond Meat&#39;s $7.71 billion market value.
No matter how liberal the application of &ldquo;small cap&rdquo; is, it&#39;s hard to call Beyond Meat a small-cap stock, let alone one with the value designation. Yet somehow someway, VBR owns more shares of Beyond Meat (nearly 308,000) than any other ETF.
<h3>Vanguard Russell 1000 Value ETF (VONV)</h3>
See the commentary on IWD because VONV also tracks the Russel 1000 Value Index.

BYND

iShares Trust Russell MidCap Value Index Fund

VONV

4 ETFs You Won't Believe Hold Beyond Meat Stock

The progress on tax reform has put value investing back in limelight as it is expected to provide a huge boost to the value stocks. This is because massive tax cuts will create an economic surge, boosting job growth in manufacturing and other sectors, increasing inflation and interest rates. Additionally, it would lead to higher earnings, increased buyback activities, and fatty dividends, prompting investors to rotate out of growth and into value stocks.&nbsp; &nbsp;
	Why Value?
	Value stocks have strong fundamentals &ndash; earnings, dividends, book value and cash flow &ndash; that trade below their intrinsic value and are undervalued by the market. Value stocks have the potential to deliver higher returns and exhibit lower volatility compared with growth and blend counterparts. In fact, these stocks outperform the growth ones across all asset classes when considered on a long-term investment horizon and are less susceptible to trending markets.
	Additionally, with the passing of the Senate tax bill, the S&amp;P 500 is seeing rough trading. The benchmark lost for the fourth straight session, marking the first such losing streak since March. Choppy trading showed up as the Senate bill differs from the tax bill passed by the House in mid-November on various fronts (read: <a href="https://www.zacks.com/stock/news/284879/senate-passes-tax-bill-5-etfs-to-buy-now">Senate Passes Tax Bill: 5 ETFs to Buy Now</a>).
	Both are in negotiation to reconcile their respective bills before the signature from the President, which is expected by Christmas. But it has led to uncertainty in the markets raising the appeal for value investing.
	As a result, investors may want to consider a nice value play in the current scenario. While looking at individual companies is certainly an option, a focus on cheap value ETFs could be a less risky way to tap the same broad trends. Below we have selected five value ETFs that provide exposure to the broad stock market instead of a particular sector. All these funds have a Zacks Rank #3 (Hold) with a lower expense ratio of under 10%, making them superior relative to other choices in the value space.
	Vanguard Small-Cap Value ETF VBR
	The fund targets the small-cap segment of the value space and follows the CRSP US Small Cap Value Index. It holds a basket of 847 stocks with none holding more than 0.6% of assets. Here, Financials dominates the portfolio at 30.5%, followed by industrials (20.6%) and consumer services (10.4%). The ETF is popular with AUM of $12.5 billion and trades in a good average daily volume of about 290,000 shares. It charges 7 bps in fees per year (read: <a href="https://www.zacks.com/stock/news/283390/small-cap-etfs-surge-as-house-passes-tax-bill">Small Cap ETFs Surge as House Passes Tax Bill</a>).
	Schwab U.S. Large-Cap Value ETF SCHV
	This fund provides broad exposure to large-cap U.S. stocks that exhibit value style characteristics. It tracks the Dow Jones U.S. Large Cap Total Stock Market Index, holding 357 stocks in its basket with each accounting for less than 5% of total assets. Additionally, the product is well spread out across sectors with financials, information technology, consumer staples, and healthcare accounting for double-digit exposure each. SCHV has amassed assets worth $4 billion and trades in volume of more than 231,000 shares a day on average. It charges an expense ratio of 0.04%.
	SPDR S&amp;P 500 Value ETF SPYV
	This ETF offers pure exposure to the large-cap value segment of the U.S. equity market by tracking the S&amp;P 500 Pure Value Index. Holding 350 stocks in its basket, it is well spread out across components with none holding more than 3.8% share. The fund is slightly tilted toward financials at 28.5% while healthcare, consumer staples and energy round off the next three spots with a double-digit exposure each. It has amassed $508 million in its asset base and trades in a moderate average daily volume of 97,000 shares. It charges 4 bps in annual fees (read: <a href="https://www.zacks.com/stock/news/280354/5-incredible-etfs-amp-stocks-to-buy-on-the-dips">5 Incredible ETFs &amp; Stocks to Buy On the Dips</a>).
	Vanguard Mega Cap Value ETF MGV
	This product tracks the CRSP US Mega Cap Value Index, holding 151 stocks in its basket. It is skewed toward the top firm &ndash; Microsoft (NASDAQ: <a class="ticker" href="/stock/msft#NASDAQ">MSFT</a>) &ndash; at 6.4% while other firms do not account for more than 3.8% of assets. With AUM of $1.9 billion, the ETF is also tilted toward financials at 26.1% while healthcare, technology and industrial round off the top four. Expense ratio is 0.07% while average daily volume is light at 53,000 shares. &nbsp;
	Vanguard Value ETF VTV
	This fund seeks to track the CRSP US Large Cap Value Index, which measures the performance of the largest U.S. value stocks. With AUM of $35.6 billion and an expense ratio of 0.06%, VTV trades in a solid volume of around 1.2 million shares per day on average. The product holds 331 stocks, which are well spread across each component as none of these holds more than 5.4% share. Here again, financials takes the top spot with one-fourth share while technology, healthcare, and industrials round off to the next three spots with a double-digit allocation each.
	Bottom Line
	Value ETFs seek to outperform when Trump&#39;s tax reform plan comes into effect. As such, investors shouldn&#39;t forget the value space and should take a closer look at a few of the attractive value ETFs in this segment for excellent exposure and some outperformance heading into the New Year.
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Value Investing Set To Shine On Tax Reform: 5 Cheap ETFs

Low fees on exchange-traded funds are one of the biggest selling points of this asset class and one of the primary reasons investors are continually ditching higher-fee, under-performing actively managed mutual funds.
<h3>Lower Fees Attract Assets</h3>
Even better for investors is that ETF issuers are consistently lowering fees in an effort to attract more assets. Vanguard, the second-largest U.S. ETF sponsor, is one of the low-cost leaders and a frequent participant in the ETF fee war. Lower fees on ETFs, <a href="https://www.benzinga.com/trading-ideas/long-ideas/16/12/8838738/vanguard-has-its-say-in-etf-fee-war">including Vanguard products</a>, has made its way to small-cap funds.
<h3>Case In Point: VBR</h3>
Just look at the Vanguard Small-Cap Value ETF (NYSE: <a class="ticker" href="/stock/vbr#NYSE">VBR</a>). VBR charges a scant 0.08 percent per year, or $8 on a $10,000 stake. That makes VBR cheaper than 94 percent of competing funds, according to <a href="https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&amp;FundId=0937">Vanguard data</a>.
VBR &ldquo;targets stocks representing the cheaper and slower growing half of the U.S. small-cap market and weights them by market capitalization,&rdquo; said <a href="http://news.morningstar.com/cover/videocenter.aspx?id=802520">Morningstar</a>.
VBR holds nearly 830 stocks. Like its large-cap value ETF peers, this small-cap fund is heavily allocated to financial services stocks. That sector commands over 30 percent of VBR&#39;s weight. Industrials account for 20.7 percent of the ETF&#39;s weight with consumer services stocks at 10.5 percent being the only sector with double-digit representation in the fund.
<h3>Strategies Play Out</h3>
Small-cap value strategies typically bear fruit for long-term investors. Over the past three years, VBR is up 29.7 percent, which is ahead of the Russell 2000 Index, but behind the S&amp;P SmallCap 600 Index. In VBR&#39;s favor is that during those three years, the Vanguard ETF has been less volatile than both of those widely followed small-cap benchmarks.
&ldquo;Small-cap stocks have indeed historically compensated investors for their risks over the long term,&rdquo; said Morningstar. &ldquo;From its inception in December 1978 through March 2017, the Russell 2000 Value Index (which offers similar exposure to this fund) outpaced the Russell 2000 Growth Index by about 3.5 percentage points per year. This outperformance has not been consistent. During the past decade, the Russell 2000 Value Index lagged its growth counterpart by 2 percentage points annually. While they won&#39;t always come out ahead, value stocks will likely offer a modest return edge over the long term.&rdquo;
For the six years ending 2016, VBR topped the Russell 2000 in four of those years. However, investors should note VBR is not the purest mid-cap ETF. The median market value of its holdings is $3.6 billion, according to issuer data, putting it on the lower end of the mid-cap spectrum.
Morningstar has a &ldquo;silver&rdquo; rating on VBR.
Related Links:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/04/9295487/finding-value-with-value-etfs">Finding Value With Value ETFs</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/04/9314034/a-look-at-the-prolific-q1-etf-asset-gatherers">A Look At The Prolific Q1 ETF Asset Gatherers</a>

Small Cap Analysis

Small-Cap Value For A Nominal Fee

There are massive sums of money sitting in various small-cap exchange traded funds, but in some cases, investors may not be getting the small-cap purity they signed up. Part of the reason for this could be that there isn&#39;t a uniform definition of &ldquo;small cap,&rdquo; though widely accepted definitions usually <a href="http://www.investopedia.com/terms/s/small-cap.asp?ad=dirN&amp;qo=investopediaSiteSearch&amp;qsrc=0&amp;o=40186">use $2 billion</a> as the cut off for small stocks and the start of the mid-cap arena.
A small-cap ETF&#39;s weighted average market value is an integral determinant of the fund&#39;s performance. Said another way, in a good year for small caps, such as 2016, investors looking for small-caps exposure don&#39;t want to be in an ETF that is a mid-cap fund in disguise.
&ldquo;While we certainly couldn&rsquo;t say that this would always be the case, the more important point is that&mdash;even though these are all Indexes focused on U.S. small-cap stocks&mdash;there was a spread of greater than a cumulative 20% between the top and bottom performers,&rdquo; said WisdomTree <a href="https://www.wisdomtree.com/blog/2017-03-15/how-small-is-your-small-cap-index">in a recent note</a>. &ldquo;It clearly matters how the exposure is garnered. 2016 is an example of a year when the small-cap theme worked well, and it&rsquo;s interesting that the small-cap Indexes from CRSP and MSCI that had higher weighted average market capitalizations did not perform as strongly.&rdquo;
Take the case of the WisdomTree SmallCap Dividend Fund (NYSE: <a class="ticker" href="/stock/des#NYSE">DES</a>). DES has a long tradition of topping active small-cap funds as well as non-dividend ETF rivals, with much of that outperformance <a href="https://www.benzinga.com/trading-ideas/long-ideas/16/12/8765418/a-superb-small-cap-etf-with-income">owed to dividends</a>. However, the weighted average market value of the nearly 700 stocks found in DES&#39;s underlying index is below that of some widely followed small-cap benchmarks, a contributing factor in the ETF&#39;s out-performance.
DES competes with ETFs such as the Vanguard Small-Cap ETF (NYSE: <a class="ticker" href="/stock/vb#NYSE">VB</a>), which follows the CRSP US Small Cap Index, and the Vanguard Small-Cap Value ETF (NYSE: <a class="ticker" href="/stock/vbr#NYSE">VBR</a>). VBR also tracks a CRSP index. The indexes VB and VBR track apparently have a loose interpretation of &ldquo;small cap&rdquo; because VB and VBR&#39;s holdings have median market values of $3.7 billion and $3.6 billion.
The size impact was clear in last year&#39;s returns. VB and VBR returned 18.4 percent and 24.9 percent, respectively, while DES surged 31.4 percent. Notably, investors didn&#39;t have to take on significantly more volatility to embrace DES. That ETF&#39;s annualized volatility last year was 17.1 percent compared to an average of 16.7 percent for VB and VBR.

Technicals

Size Matters With Small-Caps ETFs

Vanguard, the third-largest U.S. ETF issuer, continues to bolster its reputation as one of the low-cost leaders in the ETF space, slightly paring fees on two of its well-known ETFs.

	The Vanguard Total Stock Market ETF (NYSE: <a class="ticker" href="/stock/vti#NYSE">VTI</a>) now features an annual expense ratio of 0.05 percent down from 0.06 percent while the Vanguard Small-Cap Value ETF (NYSE: <a class="ticker" href="/stock/vbr#NYSE">VBR</a>) is now charging 0.2 percent per year down from 0.21 percent, <a href="https://advisors.vanguard.com/VGApp/iip/site/advisor/researchcommentary/article/IWE_NewsExpRatio042013">according to Vanguard</a>.

	VTI is now cheaper than 95 percent of comparable ETFs while VBR is less expensive than 86 percent of comparable funds, according to Vanguard's web site.

	The firm slightly raised the expense ratio on the Vanguard Mid-Cap Value ETF (NYSE: <a class="ticker" href="/stock/voe#NYSE">VOE</a>) to 0.21 percent from 0.2 percent.

	In February, Pennsylvania-based Vanguard <a href="http://www.benzinga.com/news/13/02/3378079/more-vanguard-etf-fee-cuts-including-vwo">lowered fees on nine of its most popular ETFs</a>, including the Vanguard FTSE Emerging Markets ETF (NYSE: <a class="ticker" href="/stock/vwo#NYSE">VWO</a>), the Vanguard High Dividend Yield ETF (NYSE: <a class="ticker" href="/stock/vym#NYSE">VYM</a>) and the Vanguard Global ex-US Real Estate ETF (NYSE: <a class="ticker" href="/stock/vnqi#NYSE">VNQI</a>).

	Those fee reductions came after the firm announced <a href="http://www.benzinga.com/markets/bonds/12/12/3201733/vanguard-trims-fees-on-sector-etfs">in late December</a> it would pare expenses on its 10 sectors funds, including the Vanguard Consumer Staples ETF (NYSE: <a class="ticker" href="/stock/vdc#NYSE">VDC</a>) and the Vanguard Energy ETF (NYSE: <a class="ticker" href="/stock/vde#NYSE">VDE</a>).

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

Intraday Update

VNQI

Vanguard Lowers Fees on 2 ETFs

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

BDCL

BDCS

PSEC

TICC

Vanguard's Index Changes Could Hamper BDCs 

No, this has not been a good year for investing in small-caps. At least not in the broad sense of the statement. The iShares Russell 2000 Index Fund (NYSE: <a class="ticker" href="/stock/iwm#NYSE">IWM</a>) is down more than 15% year-to-date. Those ETFs that are intended to be plays on small-cap growth plays have offered little shelter from the storm.

Unfortunately, the same can be said of the ETFs that track small-cap value stocks. The Vanguard Small Cap Value ETF (NYSE: <a class="ticker" href="/stock/vbr#NYSE">VBR</a>) and the iShares Russell 2000 Value Index Fund (NYSE: <a class="ticker" href="/stock/iwn#NYSE">IWN</a>) are both down about 12% year-to-date. 

So in that vein, the First Trust Small Cap Value AlphaDEX Fund (NYSE: FYT) is arguably underrated. It's easily undiscovered. FYT, which made its debut in April, tracks the &amp;P SmallCap 600 Value Index and is home to 244 stocks. 

With an expense ratio of 0.7% (higher than the aforementioned ETFs) and assets under management of almost $3.8 million (well below those other funds) FYT is down just 6.7% year-to-date. Four sectors – consumer discretionary, technology, industrials and financials – get double-digit weights in FYT, but what may be under-appreciated about the ETF is the fact that no single stock gets an allocation of more than 1.14%.

With consumer discretionary and tech names usually performing well at this time of year, this would be the time to take a look at FYT in hopes and preparation of a Santa Claus rally and decent start to 2012. And maybe, just maybe, small-caps have beaten up enough in 2011 that they are now offering legitimate value. 

As we approach the end of 2011, it's a good time to look back at what the best new ETFs of the year have been on any number of levels. FYT's AUM and volume totals aren't going to win any prizes. Nor is the concept of small-cap value ETF because FYT is merely encroaching on territory already explored by others.

However, FYT might be one of the most under-appreciated new ETFs of 2011 and if small-caps do bounce back in 2012, the statistics show FYT could very well be a better bet than comparable fare from iShares and Vanguard.

Bull case:
Simply put, risk appetite must return to the point that small-caps are embraced again. With FYT's emphasis on discretionary and tech names, investors willing to bet on growth, even if it's with a value ETF, should do well with this fund in a strong bull market.

Bear case:
Small-caps, even the value plays, get glossed over as nervous investors move to bonds and stick with staples and utilities.

Pre-Market Outlook

After-Hours Center

Tech

Checking In: Why Not This Small-Cap Value Play?

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>...] 
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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

<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

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

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

FCNTX

iShares Trusthen & Steers Realty Majors Index Fund

iShares S&P SmallCap 600 Value Index Fund

iShares Trust Dow Jones US Real Estate Fund Index

iShare Morningstar Large Growth Index Fund

iShares Morningstar Large Value Index Fund

iShares Morningstar Small Value Index Fund

LSVEX

PowerShares Dynamic Developed International Opportunities Portfolio

PowerShares Exchange Traded Fund Dynamic Small Cap Portfolio

PTTRX

PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Large Cap Value Portfolio

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PowerShares Exchange-Traded Fund Trust II PowerShares FTSE RAFI Emerging Markets Portfolio

QQQQ

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 Value ETF

SCHX

Accenture 401K Retirement Plan: High Quality and Low Cost Funds with Proper Diversification

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

iShares S&P SmallCap 600 Growth Index Fund

iShares Morningstar Small Growth Index Fund

PowerShares Exchange Traded Fund Dynamic Mid Cap Portfolio

PowerShares Exchange Traded Fund Trust Dynamic Small Cap Growth Portfolio

Rydex ETF Trust S&P Smallcap 600 Pure Growth ETF

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

If 2010 reminded ETF investors of one thing it is that exchange traded products can be quite volatile. Throughout the course of the year, it was not uncommon to see select emerging markets and commodities funds move 5%-7% in a single trading day and we're just talking about the unleveraged funds.
Throw in leveraged ETFs and the love affair that professional traders have with them and it's safe to say the ETF universe can and will continue to be volatile.
That doesn't mean there aren't alternatives for conservative investors. In fact there are plenty. If ETFs are really going to spell doom for mutual funds, ETF issuers have to make room for conservative investors and they have.
Let's take a look at 11 ETFs conservative investors should watch in 2011.
1) SPDR Gold Shares (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>): 
Yes, gold can be volatile, but it can be argued that no portfolio should be without some gold exposure as an inflation fighter. GLD is still the king of gold ETFs.
2) JPMorgan Alerian MLP Index ETN (NYSE: <a class="ticker" href="/stock/amj#NYSE">AMJ</a>): 
Yes, the MLP trade became quite crowded in 2010 and several new MLP ETFs came to market, which may increase volatility, but the hunt for yield isn't going to end in 2011 and there are still opportunities to make money in this space.
3) Vanguard Dividend Appreciation ETF (NYSE: <a class="ticker" href="/stock/vig#NYSE">VIG</a>): 
Rather than trying to pick the best Dow stocks and other blue-chip names, investors can opt for VIG, which holds a broad swath of dividend darlings. The low expense ratios that Vanguard is known for apply to VIG and the ETF may get a boost from positive dividend news in January and February, two months that are normally heavy on dividend increases.
4) Vanguard Small Cap Value ETF (NYSE: <a class="ticker" href="/stock/vbr#NYSE">VBR</a>): 
Having some small-cap exposure, particularly as the U.S. economy continues to rebound, is a solid plan, and VBR helps with low fees and a lack of truly speculative small-cap issues. 
5) Consumer Staples Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlp#NYSE">XLP</a>): 
Play some defense with a bunch of reliable dividend payers and liquid names whose products are already found all over your house.
6) WisdomTree Dividend ex-Financials ETF (NYSE: <a class="ticker" href="/stock/dtn#NYSE">DTN</a>): 
For the dividend hunter not willing to wait for financials to get their dividend act together, DTN offers exposure to tobacco, telecom and utilities names among others.
7) iShares Dow Jones Select Dividend Index (NYSE: <a class="ticker" href="/stock/dvy#NYSE">DVY</a>): 
Don't be deceived by the name, DVY does NOT focus exclusively on Dow stocks. The one knock on this fund is that utilities get the biggest sector weight at over 27% and that would not be a good thing if interest rates climb higher.
8) WisdomTree International LargeCap Dividend ETF (NYSE: <a class="ticker" href="/stock/dol#NYSE">DOL</a>): 
International stocks frequently offer better dividends than their U.S. counterparts in the same industries, so put DOL on your 2011 list.
9) iShares S&amp;P Conservative Allocation ETF (NYSE: <a class="ticker" href="/stock/aok#NYSE">AOK</a>): 
AOK doesn't get a lot of attention, but it is an interesting mix of stocks and bonds a conservative investor can warm up to.
10) Vanguard Total Bond Market ETF (NYSE: <a class="ticker" href="/stock/bnd#NYSE">BND</a>): 
As of this writing, it might be a bit early to jump into the bond market, but investors with longer-term time horizons can start incrementally building a position in BND.
11) iShares S&amp;P U.S. Preferred Stock Index Fund (NYSE: <a class="ticker" href="/stock/pff#NYSE">PFF</a>): 
Preferred stocks offer high yields, almost guaranteed dividends and don't decline as violently as common stocks when the market falls. PFF is a sound option for the investor looking to mitigate market volatility.

Currency ETFs

WisdomTree Trust International LargeCap Dividend

iShares S&P US Preferred Stock Index Fund

Eleven For '11: ETFs For The Conservative Investor

<a href="http://www.etftutor.com">Courtesy of ETF Tutor</a>
Small cap and mid-cap stocks and ETFs have been known to be at the forefront of growth during times of economic recoveries, and over the past few months, they have been leaving large caps in the dust.
In fact, historical data shows that small-cap stocks have outperformed their large-cap counterparts during three of the past five recessions, while mid-cap stocks have outperformed their large-cap counterparts in each of the past five recessions.  A major reason behind this outperformance is due to the flexibility and nimbleness of small and mod-cap companies.  These companies are generally able to quickly ramp up headcount and production as the economy improves, which further enables them to take advantage of a growing environment and produce gains in revenue and earnings.
A second force which enables small and mid-caps to outperform large-caps is the inherent performance boost they witness when mergers and acquisitions activity increases as valuations become favorable and larger companies with excess cash on their balance sheets look for ways to expand their businesses. Lastly, small and mid-cap companies generally are riskier than large-caps and therefore witness higher returns and are more susceptible to positive price support in the early stages of an economic recovery.
Some ETFs influenced by this phenomenon include:
<ul>
<li>PowerShares Dynamic Small Cap (<a class="ticker" href="/stock/pjm#">PJM</a>), which is up 27% over the last year.</li>
<li>Vanguard Small-Cap ETF (<a class="ticker" href="/stock/vbr#">VBR</a>), which is up nearly 25% over the last year.</li>
<li>S&amp;P Mid-Cap 400 SPDR ETF (<a class="ticker" href="/stock/mdy#">MDY</a>), which is up nearly 28% over the last year.</li>
<li>iShares Russell Midcap Index Fund (<a class="ticker" href="/stock/iwr#">IWR</a>), which is up nearly 26% over the last year.</li>
</ul>
Disclosure: No Positions
<a href="http://www.etftutor.com/">Courtesy of ETF Tutor</a>
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3 Reasons Small Cap Are Outperforming (PJM, VBR, MDY)

<a href="//www.benzinga.com/topic/interest-rates"" target="_blank" rel="noopener">초저금리의 시대는 완전히 지나갔다.</a> 위즈덤트리(WisdomTree)의 주식 전략 책임자 제프 웨니거(Jeff Weniger)는 투자자들에게 분명한 메시지를 전했다. "10년 만기 국채 수익률이 4%대 초반이면 S&amp;P 500 지수 수익률은 무위험 수익률을 간신히 넘거나 넘지 못하는 수준에 머물게 된다."
즉, 이제는 성장주와 가치주의 대결에 대한 논의를 다시 꺼낼 시간이다.
벤징가와의 독점 인터뷰에서 웨니거는 &#8220;고금리 장기화&#8221;를 예상하는 투자자는 가치주에 집중해야 한다고 말했다. Vanguard Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>), SPDR Select Sector Fund &#8211; Energy(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), Vanguard Small-Cap Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBR#NYSE">VBR</a>), iShares Select Dividend ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVY#NASDAQ">DVY</a>) 같은 ETF들이 미국 내 가치주에 대한 노출을 제공한다.
금리가 상승함에 따라 국채 수익률은 주식시장 수익률과의 경쟁이 치열해져 오랫동안 초과 성과를 냈던 성장주의 매력이 크게 떨어진다. 이러한 시나리오에서 Invesco QQQ Trust, Series 1(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)와 Vanguard Growth ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) 같은 성장주 중심의 ETF에 투자하는 투자자들은 보유 자산에 대해 신중해야 한다고 웨니거는 경고했다.
"실제 상황인 이 시나리오에서 투자자는 포트폴리오의 투기적인 부분을 재평가해야 한다.&#8221;
<h3>관세 긴장과 그 영향</h3>
관세는 계속해서 우려의 대상이 되고 있지만, 웨니거는 이러한 위험의 상당 부분이 이미 시장에 반영되어 있다고 말한다. "관세 리스크는 한동안 가장 많이 가격에 반영된 리스크 중 하나&#8221;라고 설명했다.
팬데믹 기간 동안 시작된 리쇼어링 노력으로 새로운 관세의 영향을 크게 받지 않을 것으로 보인다. 따라서 웨니거는 큰 관세 충격이 시장을 뒤흔들 것으로 예상한다면 그 영향은 예상보다 훨씬 작을 수 있다고 본다.
<h3>인플레이션의 숨겨진 위험: 주택 시장</h3>
에너지 가격 외에도 웨니거는 간과될 수 있는 인플레이션 리스크로 주택 가격을 꼽았다. &#8220;시장은 소비자물가지수(CPI) 계산에서 자가주거비(Owners Equivalent Rent: OER)의 실제 산술을 고려해야 한다.&#8221;
주택 가격이 정체되거나 하락하더라도 주택 비용의 상승으로 인해 CPI는 계속 상승할 것이다.
<h3>시장 심리 탐색</h3>
거시적 불확실성이 커지고 있는 상황에서 웨니거는 투자자들에게 위험을 신중하게 관리할 것을 조언한다. "미국 시장의 일부 지역에서는 투자심리에 거품이 끼어 있고 다른 지역에서는 완전히 침체되어 있다"며, 현재의 변동성이 큰 환경에서는 미국 주식에 대한 노출을 줄이면서 해외 주식이 더 안전한 베팅이 될 수 있다고 덧붙였다.
Vanguard FTSE Developed Markets ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEA#NYSE">VEA</a>), iShares Core MSCI EAFE ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEFA#BATS">IEFA</a>) 및 WisdomTree International Hedged Quality Dividend Growth Fund(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHDG#NYSE">IHDG</a>)는 미국 외 주식에 대한 노출을 제공한다.
이미지: Midjourney를 통해 생성된 인공지능 이미지
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Vanguard Small-Cap Value ETF

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