에 대한 최신 뉴스 Vanguard Value ETF (ARCA:VTV)

Vanguard Value ETF

Vanguard Value ETF - DNQ

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The Fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Value Index (the Index), a broadly diversified index predominantly made up of value stocks of large 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.

Broadcom, Inc. (purchase Right At $290.00 Per Share) (5)

Berkshire Hathaway Inc

Jpmorgan Chase & Company

Exxon Mobil Corp Com

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Procter & Gamble Company

Johnson & Johnson

Home Depot Inc/The

Merck & Co Inc Common Stock Usd 0.5

Abbvie Inc.

Berkshire Hathaway, Inc.

Walmart, Inc.

Chevron Corp.

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2020년 팬데믹 이후 미국 증시 최악의 매도세로 주요 지수가 조정 또는 약세 영역에 진입하면서 안전자산으로 피신하려는 움직임이 나타나고 있다.  역사적으로 경기 침체기에 방어적인 섹터로 여겨졌던 필수소비재, 유틸리티, 헬스케어 섹터에 노출되는 ETF가 각광을 받고 있다.

트럼프 관세 패닉 속 투자자들이 달려간 &#39;경기침체에 강한&#39; ETF 5종목은?

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SPYV

최근 주식 시장에 관심을 기울여왔다면, 가치주가 화려한 성장주의 중심에서 떠오르고 있는 다소 의외의 상황을 목격한 적이 있을 것이다. 3개월 동안 러셀 1000 가치 지수는 러셀 1000 성장 지수를 11%나 앞질렀다. 작년 이맘때만 해도 기술과 인공지능(AI)이 시장을 주도했던 것과는 확연히 다른 모습이다.

인플레이션과 경기침체 우려 속 가치주 상승, 이러한 추세 활용할 ETF 4종목은?

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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;

vTv Therapeutics Inc. - Class A Common Stock

vTv Therapeutics Inc

Wall Street&#8217;s worst sell-off since the 2020 pandemic has sent several major indices into correction or bear territory, prompting <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44697600/stocks-rebound-chipmakers-soar-on-trade-deal-hopes-bitcoin-lags-whats-driving-markets-tuesday">a flight to safety</a>. 
<a href="https://www.benzinga.com/etfs">ETFs that provide exposure </a>to consumer staples, utilities, and healthcare—sectors that have historically been considered defensive during downturns—are now in the limelight.
Some of the top choices are:
<ul>
<li>SPDR Select Sector Fund &#8211; Consumer Staples (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>): This exchange-traded fund follows businesses that make common items such as food, drinks, and household goods. Sales of these necessities would generally continue regardless of economic downturns. Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) and Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) are among its holdings.</li>
</ul>
<ul>
<li>SPDR Select Sector Fund — Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>): Utility firms offer essential services such as electricity and water, so they would be favorites among income-hungry investors amid times of greater uncertainty. The portfolio includes NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) and Pg&amp;E Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>).</li>
</ul>
<ul>
<li>Vanguard Health Care ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHT#NYSE">VHT</a>): Healthcare spending generally holds up in tough times, and VHT provides exposure to a blend of drugstore chains, medical device manufacturers, and healthcare providers. Eli Lilly &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) are among the top holdings.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/25/04/44695765/crypto-etfs-sink-as-trump-tariffs-trigger-panic-this-could-reset-the-macro-narrative">Trump Tariffs Spark $800M Crypto ETF Rout: Can The Macro Narrative Shift?</a>
Dividend-oriented ETFs are also attracting attention. The iShares Core High Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDV#NYSE">HDV</a>), which owns a portfolio of financially healthy U.S. firms that pay high dividend yields, protects against declining stock prices with consistent income.
Value investing is also gaining traction. The Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>), which tracks large-cap stocks that are undervalued relative to their fundamentals, is considered a less risky means of remaining invested while reducing exposure to growth stocks with volatile price swings.
The move into defensive positioning occurs as investors process the latest ratcheting up of U.S.-China trade tensions. According to the White House, the U.S. tariff rate on Chinese imports will spike to 104% at 12:01 a.m. ET on Wednesday unless China removes retaliatory tariffs against the U.S.
The risk of blanket tariffs — a 10% base tariff on all imports to the U.S. and higher rates on major trading partners such as the EU, India, Taiwan, and Vietnam — has unsettled markets. Uncertainty about a supposedly planned 90-day tariff break, which the White House <a href="https://www.benzinga.com/news/25/04/44671308/stock-market-surge-evaporates-as-headline-roulette-plagues-traders-fake-news-white-house-says-in-response-to">called &#8220;fake news</a>,&#8221; contributed to the fluctuations.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645681/jpmorgan-raises-recession-risk-to-60-as-largest-us-tax-hike-in-60-years-hits-global-economy?_gl=1&#x2A;1mnei8t&#x2A;_gcl_au&#x2A;NzQyMjgxNjUuMTczNzYwNzI4NQ..&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NDAyMzE1Ny4yNDYuMS4xNzQ0MDIzMjMyLjAuMC4w">JPMorgan now sees</a> a U.S. recession in the second half of 2025 at 60%, and Goldman Sachs has <a href="https://www.benzinga.com/25/04/44662991/goldman-sachs-raises-risk-of-recession-to-45-jefferies-calls-tariffs-a-free-hall-pass-for-tech-giants-to-reset-their-goals">increased the chances</a> of a recession in the next 12 months to 45%.
In that environment, strategists say it&#8217;s not about going after gains — it&#8217;s about limiting losses.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/04/44698247/bitwise-turns-crypto-volatility-into-yield-with-new-etf-trio">Bitwise Turns Crypto Volatility Into Yield With New ETF Trio</a></li>
</ul>
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As Trump Tariffs Spark Panic, Investors Rush Into These 5 'Recession-Proof' ETFs

If you&#8217;ve been paying attention to the stock market recently, you must have come across a rather unexpected turn of events—value stocks are taking center stage from their flashy growth rivals. Over the course of three months, the Russell 1000 Value Index has <a href="https://www.benzinga.com/general/market-summary/25/03/44555763/value-stocks-are-crushing-growth-superstars-in-2025-is-more-to-come">beaten the Russell 1000 Growth Index </a>by a healthy 11%. That&#8217;s a far cry from this time last year, when tech and AI plays were driving the market upwards.
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/03/44569468/growth-or-value-allsprings-new-etfs-offer-both">Growth Or Value? Allspring&#8217;s New ETFs Offer Both</a>
With tariffs, geopolitical tensions, and recession jitters swirling, investors are flocking to the relative safety of value stocks. But is it a permanent pivot, or a temporary sidetrack? Although no one knows for sure what the market will do, history suggests that value stocks have a way of surviving rough patches.
For those looking to ride the wave, these <a href="https://www.benzinga.com/etfs">four value-based ETFs</a> are worth considering:
iShares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>)
The first choice for most investors seeking to follow the Russell 1000 Value Index, IWD offers broad exposure to large-cap value stocks from a wide range of sectors, such as financials, healthcare, and consumer staples. Some of its holdings include stocks of JP Morgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>). With its size and liquidity, this ETF is a convenient means of achieving diversified exposure to the value sector. It carries an expense ratio of 0.19%.
Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)
An affordable fund with a bottom-of-the-barrel expense ratio of 0.04%, VTV tracks the CRSP US Large Cap Value Index. Blue-chip stalwarts such as JPMorgan Chase, and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) are overweights in this fund, which is a good bet for stability and long-term growth.
SPDR S&amp;P 500 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYV#NYSE">SPYV</a>)
If you desire exposure to value stocks as part of the larger S&amp;P 500, SPYV may be considered. This ETF targets S&amp;P 500 stocks that reflect strong value features in terms of low price-to-earnings and price-to-book ratios. With the valuation differential between value and growth stocks as high as it is now, this ETF is poised to profit from a possible market correction. The portfolio is similar to that of IWD and VTV, and the expense ratio is 0.04%.
Schwab U.S. Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>)
Dividend stocks tend to overlap with value stocks, and SCHD is a good representative of this case. Concentrating on high-grade dividend-paying businesses, this ETF not only gets investors exposed to value stocks but also provides a steady income under market uncertainty. Its portfolio carries blue-chip brands such as Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), and Pfizer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>). This ETF comes with an expense ratio of 0.06%.
Also Read: <a href="https://www.benzinga.com/25/03/44570070/tariffs-inflation-and-tumbling-markets-these-5-etfs-thrived-amid-the-chaos-last-week">Tariffs, Inflation And Tumbling Markets: These 5 ETFs Thrived Amid Last Week&#8217;s Chaos</a>
Why Value Could Stay On Top
Last quarter&#8217;s value outperformance is more than just jitters in the market. It&#8217;s because, as BlackRock&#8217;s Global CIO of Fundamental Equities Tony DeSpirito <a href="https://www.blackrock.com/us/individual/insights/value-stocks-underweight-and-unaware?utm_source=chatgpt.com">says</a>, growth stocks now comprise almost 40% of the S&amp;P 500—more than double their long-term average of 24%. With the valuations pulled forward, investors might begin shifting into value stocks for diversification. In addition, sectors like utilities, health care, and materials—staples in value indexes—are less tariff-vulnerable and potentially even positively affected by changes in trade policy.
While growth stocks may recover over time, the current market environment has favored value stocks. For those interested in exploring this trend, these four ETFs offer examples of funds that focus on value investing.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/new-etfs/25/03/44570028/westwoods-new-bfre-etf-prioritizes-democracy-over-autocracy">Westwood&#8217;s New BFRE ETF Prioritizes Democracy Over Autocracy</a></li>
</ul>
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Value Stocks Gain Ground As Inflation, Recession Fears Grow: 4 ETFs To Capitalize On The Trend

As markets navigate a challenging landscape, George Smith, Portfolio Strategist for LPL Financial, is advocating a recalibrated <a href="https://www.benzinga.com/topic/economy">asset allocation strategy </a>for the next three to five years. 
His outlook reflects a "higher-for-longer" interest rate environment, subdued economic growth, and inflation that may remain stubbornly above the Federal Reserve's target.
<h2 class="wp-block-heading">Dialing Down Risk: A Cautious Equity Stance</h2>
&#8220;The risk-reward trade-off for both stocks and bonds is being challenged by a slowing-growth environment, elevated inflation, and a &#8216;higher-for-longer&#8217; interest rate outlook,&#8221; Smith said. He added that stretched equity valuations and falling equity risk premiums have prompted his team to reduce exposure to domestic growth stocks, particularly large- and mid-cap names.
Instead, Smith favors value equities and emerging markets. &#8220;Foreign equities, especially emerging markets, remain attractive over the longer term,&#8221; he notes, emphasizing the risk-reward advantage of rotating from developed markets into EM. 
For investors, ETFs like the Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>) and the iShares MSCI Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEM#NYSE">EEM</a>) could align with this strategy.
Read Also: <a href="https://www.benzinga.com/trading-ideas/25/02/43827291/exclusive-will-trumps-tariffs-hurt-or-help-stock-market-59-say-this" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Will Trump&#8217;s Tariffs Hurt Or Help Stock Market? 59% Say This…</a>
<h2 class="wp-block-heading">Fixed Income: Playing It Smart</h2>
In fixed income, Smith advises trimming nominal Treasuries, stating, &#8220;Longer-duration fixed income may not deliver significant protection in ordinary financial market corrections.&#8221; 
Instead, core bonds remain essential for diversification and income, while short-duration Treasury Inflation-Protected Securities (TIPS) gain favor. 
The iShares TIPS Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIP#NYSE">TIP</a>) offers a way to implement this.
<h2 class="wp-block-heading">Alternatives, Real Assets: Diversifying The Playbook</h2>
To hedge volatility and enhance diversification, Smith highlights the importance of alternatives. &#8220;We believe alternative investments can be used to hedge potential volatility and market concentration risks via a diversified basket of long/short equity, managed futures, and global macro strategies,&#8221; he says. 
Multi-strategy and global macro funds, such as the iMGP DBi Managed Futures Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBMF#NYSE">DBMF</a>), can serve this purpose.
For inflation protection, Smith suggests real assets. &#8220;We aim to hedge potential inflation risks by initiating an off-benchmark diversified basket of commodities and global listed infrastructure,&#8221; he explains. 
ETFs like the Invesco DB Commodity Index Tracking Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBC#NYSE">DBC</a>) and Global X U.S. Infrastructure Development ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAVE#NYSE">PAVE</a>) fit the bill.
With risks mounting and traditional stock-bond dynamics shifting, Smith&#8217;s insights provide a timely roadmap for resilient portfolios.
Read Also: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43776863/top-3-risk-off-stocks-which-could-rescue-your-portfolio-this-quarter-3">Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>
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2025 Asset Allocation In 'Higher-For-Longer' Era: Why Value Stocks, Emerging Markets, Inflation-Protected Bonds Stand Out

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

As Brent crude and <a href="https://www.benzinga.com/topic/energy">gasoline prices rise</a>, WisdomTree Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>) Head Of Equity Strategy Jeff Weniger is calling it: &#8220;A notable set-up for large-cap value relative to Growth&#8221; is taking shape.
What Happened: Since September, Brent crude has shot up by 12 points. And gasoline prices remained relatively flat year-over-year. Weniger now sees the rise in energy prices as a game-changer for the market. 
Investors should shift focus toward large-cap value stocks — particularly those with exposure to the energy sector, he says.
&#8220;If investors are of the view that crude oil will keep running, this could create a notable set-up for Large Cap Value relative to Growth,&#8221; Weniger told Benzinga in an exclusive interview.
For investors seeking exposure, there are four popular large-cap value equity ETFs in the U.S. to consider:
<ul>
<li>Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)</li>
<li>Capital Group Dividend Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGDV#NYSE">CGDV</a>),</li>
<li>iShares Core High Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDV#NYSE">HDV</a>)</li>
<li>WisdomTree U.S. High Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHS#NYSE">DHS</a>) </li>
</ul>
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43017610/oil-prices-break-80-reach-6-month-highs-despite-israel-hamas-ceasefire-deal-why-is-crude-rallying">Oil Prices Break $80, Reach 6-Month Highs Despite Israel-Hamas Ceasefire Deal: Why Is Crude Rallying?</a>
<h2 class="wp-block-heading">Energy Prices, Sectors, Impact On Growth</h2>
The S&amp;P 500 Value Index (SVX), with 6% of its weight in the energy sector, is in a prime position to benefit from rising oil prices. In contrast, the S&amp;P 500 Growth index, with just 1% exposure to energy, could face headwinds.
&#8220;If the consumer does take a hit from some forthcoming rise in gasoline prices, that could be another headwind for the S&amp;P 500 Growth index,&#8221; Weniger adds.
The Vanguard S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOOG#NYSE">VOOG</a>) tracks the performance of companies in the S&amp;P 500 Growth Index, just as the iShares S&amp;P 500 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVE#NYSE">IVE</a>) tracks the performance of companies in the S&amp;P 500 Value Index.
With the consumer spending more at the pump, the S&amp;P 500 Growth index—heavily weighted (16%) in Consumer Discretionary—could feel the pinch, while the Value index, with just 5% in the same sector, remains less exposed. 
The game plan? Look to Large Cap Value stocks with energy exposure as an effective hedge against rising gas prices.
<h2 class="wp-block-heading">Investors Should Take Note</h2>
For those expecting oil to continue its upward trajectory, Weniger's advice is clear: &#8220;Large Cap Value relative to Growth&#8221; could be the play to make in the coming months. 
As gasoline prices climb, those invested in energy-heavy Value stocks may find themselves ahead of the curve.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43013634/opecs-optimism-clashes-with-ieas-conservative-2025-oil-growth-projections">OPEC&#8217;s Optimism Clashes With IEA&#8217;s Conservative 2025 Oil Growth Projections</a></li>
</ul>
Image: Shutterstock

Capital Group Dividend Value ETF Capital Group Dividend Value ETF

CGDV

VOOG

EXCLUSIVE: WisdomTree Exec Predicts Energy Prices Will Create 'Notable Set-Up For Large Cap Value Relative To Growth'

The Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) has shattered records, crossing $100 billion in annual inflows this year, a historic high for any ETF over the same period. 
Data from ETF.com shows that the fund witnessed $101.07 billion in fresh money from investors, more than the combined inflows of its two closest competitors: iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) with $59.2 billion and SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) with just $22.9 billion.&nbsp;
In the multi-trillion-dollar exchange-traded fund industry, this trend is sparking debate over whether SPY, the world's largest ETF, is now on the brink of losing its long-standing crown.
<h3 class="wp-block-heading">$VOO Poised To Become The World&#8217;s Largest ETF Next Year </h3>
Despite SPY still holding the title of the world's largest ETF, with $620 billion in assets under management (AUM), the gap between it and VOO — currently at $579 billion — has narrowed to $41 billion.
&#8220;That means that there is a very real possibility that VOO overtakes SPY as the world's largest ETF as soon as next year,&#8221; commented Sumit Roy, senior analyst at ETF.com. 
&#8220;But even if that happens, SPY's slide down the ETF leaderboard might not stop there. IVV is also nipping at its heels, with $565 billion in AUM,&#8221; he added. 
<h3 class="wp-block-heading">World&#8217;s 10 Largest ETFs by AUM</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF Name</th>
<th>AUM ($ bn)</th>
<th>Expense ratio</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR S&amp;P 500 ETF TRUST</td>
<td>620.26</td>
<td>0.09%</td>
</tr>
<tr>
<td>Vanguard S&amp;P 500 ETF</td>
<td>579.35</td>
<td>0.03%</td>
</tr>
<tr>
<td>iShares Core S&amp;P 500 ETF</td>
<td>559.64 </td>
<td>0.03%</td>
</tr>
<tr>
<td>Vanguard Total Stock Market (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>)</td>
<td>460.11</td>
<td>0.03%</td>
</tr>
<tr>
<td>Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</td>
<td>310.27 </td>
<td>0.20%</td>
</tr>
<tr>
<td>Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>)</td>
<td>151.13 </td>
<td>0.04%</td>
</tr>
<tr>
<td>Vanguard FTSE Developed Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEA#NYSE">VEA</a>)</td>
<td>135.42</td>
<td>0.06%</td>
</tr>
<tr>
<td>Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)</td>
<td>133.31</td>
<td>0.04%</td>
</tr>
<tr>
<td>Vanguard Total Bond Market (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BND#NYSE">BND</a>)</td>
<td>119.17 </td>
<td>0.03%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: ETF.com</figcaption></figure>
<h3 class="wp-block-heading">Expense Ratio: A Critical Factor For VOO&#8217;s Institutional Inflows</h3>
A key driver of VOO's success is its rock-bottom expense ratio of 0.03%, less than a third of SPY's 0.0945%. 
These differences have significant implications, especially for institutional investors managing billions.
A retail investor putting $5,000 into VOO at the start of the year would pay only $1.50 in annual expenses, while the same investment in SPY would cost $4.73 – basically an irrelevant difference. 
In sharp contrast, an institutional investor allocating $5 billion to VOO would pay just $1.5 million in fees, compared to $4.73 million with SPY—a staggering $3.23 million difference.
This simple example may explain that expense ratio differences are a huge driver of wholesale <a href="https://www.benzinga.com/etfs">investor flows into ETFs</a>.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/24/11/42148340/black-friday-cyber-monday-deals-on-wall-street-why-buying-walmart-or-amazon-before-the-holidays-might-backfire">Why Walmart, Amazon Stock Could Stumble This Holiday Season</a></li>
</ul>
Image:

Equities

Large Cap

Vanguard's S&P 500 ETF Hits $100 Billion Inflows In 2024: Is SPY's Crown At Risk?

Launched on 01/07/2014, the First Trust Rising Dividend Achievers ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdvy#NASDAQ">RDVY</a>) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.
The fund is sponsored by First Trust Advisors. It has amassed assets over $11.71 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.
<h2>Why Large Cap Value</h2>
Companies that fall in the large cap category tend to have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. Looking at their long-term performance, value stocks have outperformed growth stocks in almost all markets. They are however likely to underperform growth stocks in strong bull 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 0.49%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.83%.
<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 42% of the portfolio. Information Technology and Consumer Discretionary round out the top three.
Looking at individual holdings, D.r. Horton, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhi#NYSE">DHI</a>) accounts for about 2.41% of total assets, followed by Mueller Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mli#NYSE">MLI</a>) and Aflac Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/afl#NYSE">AFL</a>).
The top 10 holdings account for about 22.38% of total assets under management.
<h2>Performance and Risk</h2>
RDVY seeks to match the performance of the NASDAQ US Rising Dividend Achievers Index before fees and expenses. The NASDAQ US Rising Dividend Achievers Index is designed to provide access to a diversified portfolio of companies with a history of paying dividends.
The ETF has added roughly 12.45% so far this year and was up about 23.75% in the last one year (as of 09/17/2024). In the past 52-week period, it has traded between $43.44 and $58.75.
The ETF has a beta of 1.11 and standard deviation of 19.70% for the trailing three-year period, making it a medium risk choice in the space. With about 51 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Rising Dividend Achievers 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, RDVY is a great option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Schwab U.S. Dividend Equity ETF (ARCA:SCHD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $60.60 billion in assets, Vanguard Value ETF has $126.51 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
<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/2336911/should-first-trust-rising-dividend-achievers-etf-rdvy-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2336911">To read this article on Zacks.com click here.</a>

Earnings

Mid Cap

News

Sector ETFs

Dividends

Markets

RDVY

Should First Trust Rising Dividend Achievers ETF Be on Your Investing Radar?

As the Federal Reserve transitions from a restrictive monetary policy to a more accommodative stance, investors are questioning how this regime change will <a href="https://www.benzinga.com/topic/interest-rates">impact various asset classes. </a>
The central bank&#8217;s shift towards lower interest rates can have far-reaching implications across equities, bonds, and other markets.
Historically, stocks have tended to perform well following the Fed&#8217;s initial rate cuts—but with a crucial caveat: the economy must avoid slipping into a recession. An <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40855247/fed-rate-cuts-and-s-p-500-the-why-matters-most-data-shows">analysis by Goldman Sachs</a> reveals that the S&amp;P 500 has experienced significant declines even after rate cuts if the U.S. economy entered a recession during those periods.
When it comes to bonds, lower interest rates have generally led to a decrease in bond yields, thus driving up bond prices. Unlike equities, this dynamic has historically played out somewhat independently of the economic cycle. However, &#8220;what's past is prologue&#8221; is not always a guarantee in financial markets.
<h2 class="wp-block-heading">&#8216;Quality Can Be Found Across Asset Classes&#8217;</h2>
According to Bank of America&#8217;s latest Research Investment Committee (RIC) report, investors can identify quality opportunities across various asset classes, particularly in today&#8217;s shifting market landscape.
BofA analysts suggest that in the U.S. equity space, investors should adopt a defensive stance, focusing on companies with high free cash flow.
Savita Subramanian, head of U.S. equity &amp; quantitative strategy at BofA, notes that S&amp;P 500 valuations indicate low price returns for the next decade, making dividend payouts more crucial for total returns.
<ul>
<li>Utilities: Recently <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40823561/this-under-the-radar-defensive-ai-sector-quietly-outperforms-all-others-despite-rec">upgraded to Overweight by BofA, </a>the utilities sector stands out for its defensive characteristics and competitive yield. Subramanian indicates that growing power demand driven by AI-linked data centers bolsters the outlook for utility companies. ETFs like the First Trust Utilities AlphaDEX ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXU#NYSE">FXU</a>) and the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) are potential plays in this space.</li>
<li>Real Estate: Offering higher quality yield than before, with 70% of the sector rated B+ or better, the real estate sector provides attractive options. BofA notes that the S&amp;P 500 real estate segment has relatively low office exposure, which could mitigate some risks. Recommended ETFs include the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) and iShares Cohen &amp; Steers REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICF#NYSE">ICF</a>).</li>
<li>Consumer Staples: BofA finds the consumer staples sector tactically attractive, especially ETFs like the Consumer Staples Select Sector SPDR ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>), which has substantial exposure to resilient companies like The Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>). Another sector play here is the iShares U.S. Consumer Staples ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYK#NYSE">IYK</a>). </li>
<li>Value, Quality, Dividends, and Buybacks: The bank is also bullish on factor-based ETFs, recommending exposure in value, quality, dividend, and buyback amid a strong free cash flow yield and potential for higher payouts than the broader S&amp;P 500 index. ETFs in this category include the Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>), Pacer US Cash Cows 100 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COWZ#NYSE">COWZ</a>), Schwab US Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>), and iShares Core Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIVB#NYSE">DIVB</a>).</li>
</ul>
Outside the U.S., Bank of America is bullish on Japanese equities as effective corporate reforms are expected &#8220;to unleash a mountain of cash.&#8221; The WisdomTree Japan Hedged Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXJ#NYSE">DXJ</a>) is a top pick in this market, having gained 125% since 2019. This ETF also offers protection against the yen&#8217;s devaluation. 
In the fixed-income market, BofA suggests exposure to AAA-rated collateralized loan obligations (CLOs) and long-dated Treasury bonds.
<ul>
<li>CLOs: BofA recommends the Janus Henderson AAA CLO ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JAAA#NYSE">JAAA</a>), viewing these loans as quality yield options that have withstood stress during both the 2008 financial crisis and the 2020 pandemic-induced downturn.</li>
<li>Long-Dated Treasuries: Investors looking for duration exposure can consider the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), which tracks long-dated Treasury bonds with a 17-year duration.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Asset Class</th>
<th>Name</th>
</tr>
</thead>
<tbody>
<tr>
<td colspan="3">Equities</td>
</tr>
<tr>
<td>Utilities</td>
<td>First Trust Utilities AlphaDEX ETF</td>
</tr>
<tr>
<td>Utilities </td>
<td>Utilities Select Sector SPDR Fund</td>
</tr>
<tr>
<td>Real Estate</td>
<td>Real Estate Select Sector SPDR Fund </td>
</tr>
<tr>
<td>Real estate</td>
<td>iShares Cohen &amp; Steers REIT ETF</td>
</tr>
<tr>
<td>Consumer staples</td>
<td>Consumer Staples Select Sector SPDR ETF </td>
</tr>
<tr>
<td>Consumer staples</td>
<td>iShares U.S. Consumer Staples ETF</td>
</tr>
<tr>
<td>Value</td>
<td>Vanguard Value ETF</td>
</tr>
<tr>
<td>Quality</td>
<td>Pacer US Cash Cows 100 ETF </td>
</tr>
<tr>
<td>Dividend</td>
<td>Schwab US Dividend Equity ETF</td>
</tr>
<tr>
<td>Buybacks</td>
<td>iShares Core Dividend ETF </td>
</tr>
<tr>
<td>Japan</td>
<td>Wisdom Tree Japan Hedged Equity ETF</td>
</tr>
<tr>
<td colspan="3">Fixed income</td>
</tr>
<tr>
<td>Credit</td>
<td>Janus Henderson AAA CLO ETF</td>
</tr>
<tr>
<td>Duration</td>
<td>iShares 20+ Year Treasury Bond ETF </td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40887448/long-dated-treasury-bond-etf-hits-14-month-highs-ahead-of-imminent-fed-rate-cut">Long-Dated Treasury Bond ETF Hits 14-Month Highs Ahead Of Imminent Fed Rate Cut</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

REIT

Bonds

New ETFs

Treasuries

Econ #s

COWZ

DIVB

WisdomTree Trust Japan Total Dividend Fund

iShares Trusthen & Steers Realty Majors Index Fund

iShares Trust Dow Jones USnsumer Goods Sector Index Fund

JAAA

iShares Trust Barclays 20+ Year Treasury Bond Fund

XLRE

13 ETFs To Own As Fed Set To Cut Rates: Analysts Highlight Utilities, Real Estate, And More

Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the Invesco Dividend Achievers ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfm#NASDAQ">PFM</a>) is a passively managed exchange traded fund launched on 09/15/2005.
The fund is sponsored by Invesco. It has amassed assets over $697.06 million, making it one of the average sized ETFs attempting to match the Large Cap Value segment of the US equity market.
<h2>Why Large Cap Value</h2>
Large cap companies usually have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
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. While 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>
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 0.53%, making it one of the more expensive products in the space.
It has a 12-month trailing dividend yield of 1.65%.
<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.
This ETF has heaviest allocation to the Information Technology sector--about 21.40% of the portfolio. Financials and Healthcare round out the top three.
Looking at individual holdings, Apple Inc&nbsp;accounts for about 4.31% of total assets, followed by Microsoft Corp and Broadcom Inc.
The top 10 holdings account for about 26.99% of total assets under management.
<h2>Performance and Risk</h2>
PFM seeks to match the performance of the NASDAQ US Broad Dividend Achievers Index before fees and expenses. The NASDAQ US Broad Dividend Achievers Index is designed to identify a diversified group of dividend-paying companies which have increased their annual dividend for 10 or more consecutive fiscal years.
The ETF has gained about 16.28% so far this year and it&#39;s up approximately 23.33% in the last one year (as of 09/16/2024). In the past 52-week period, it has traded between $35.25 and $46.01.
The ETF has a beta of 0.83 and standard deviation of 13.92% for the trailing three-year period, making it a medium risk choice in the space. With about 426 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Invesco Dividend Achievers 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, PFM is a great option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Schwab U.S. Dividend Equity ETF (ARCA:SCHD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $60.01 billion in assets, Vanguard Value ETF has $125.50 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
<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/2336235/should-invesco-dividend-achievers-etf-pfm-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2336235">To read this article on Zacks.com click here.</a>

Tech

PowerShares Exchange Traded Fund Trust Dividend Achievers Portfolio

Should Invesco Dividend Achievers ETF Be on Your Investing Radar?

The Schwab Fundamental U.S. Large Company ETF (ARCA:FNDX) made its debut on 08/13/2013, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Value category of the market.
<h2>What Are Smart Beta ETFs?</h2>
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
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.
The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.
<h2>Fund Sponsor &amp; Index</h2>
The fund is managed by Charles Schwab. FNDX has been able to amass assets over $16.17 billion, making it one of the largest ETFs in the Style Box - Large Cap Value. FNDX, before fees and expenses, seeks to match the performance of the Russell RAFI US Large Co. Index.
The RAFI Fundamental High Liquidity US Large Index measures the performance of large U.S. companies based on their fundamental size and weight.
<h2>Cost &amp; Other Expenses</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 cousins, other things remaining the same.
Operating expenses on an annual basis are 0.25% for this ETF, which makes it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.75%.
<h2>Sector Exposure and Top Holdings</h2>
ETFs offer 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.
FNDX&#39;s heaviest allocation is in the Financials sector, which is about 19.50% of the portfolio. Its Information Technology and Healthcare round out the top three.
Looking at individual holdings, Apple Inc accounts for about 4.40% of total assets, followed by Microsoft Corp&nbsp;and Berkshire Hathaway Inc Class B.
The top 10 holdings account for about 20.23% of total assets under management.
<h2>Performance and Risk</h2>
The ETF has gained about 11.42% and it&#39;s up approximately 20.30% so far this year and in the past one year (as of 09/09/2024), respectively. FNDX has traded between $53.46 and $70.84 during this last 52-week period.
FNDX has a beta of 0.99 and standard deviation of 15.80% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 738 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Schwab Fundamental U.S. Large Company ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
Schwab U.S. Dividend Equity ETF (ARCA:SCHD) tracks Dow Jones U.S. Dividend 100 Index and the Vanguard Value ETF (ARCA:VTV) tracks CRSP U.S. Large Cap Value Index. Schwab U.S. Dividend Equity ETF has $58.84 billion in assets, Vanguard Value ETF has $122.62 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
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 - Large Cap Value.
<a href="https://www.zacks.com/stock/news/2333159/is-schwab-fundamental-u-s-large-company-etf-fndx-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2333159">To read this article on Zacks.com click here.</a>

Asset Sales

FNDX

Is Schwab Fundamental U.S. Large Company ETF a Strong ETF Right Now?

Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the First Trust Value Line Dividend ETF (ARCA:FVD), a passively managed exchange traded fund launched on 08/19/2003.
The fund is sponsored by First Trust Advisors. It has amassed assets over $9.72 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.
<h2>Why Large Cap Value</h2>
Large cap companies typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.
<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 0.60%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 2.12%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 19.50% of the portfolio. Utilities and Consumer Staples round out the top three.
Looking at individual holdings, Kellanova (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>) accounts for about 0.62% of total assets, followed by Erie Indemnity Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/erie#NASDAQ">ERIE</a>) and Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>).
The top 10 holdings account for about 5.55% of total assets under management.
<h2>Performance and Risk</h2>
FVD seeks to match the performance of the Value Line Dividend Index before fees and expenses. The Value Line Dividend Index is a modified equal dollar weighted index comprised of U.S. exchange listed securities of companies that pay above-average dividends and have potential for capital appreciation.
The ETF has added about 11.07% so far this year and is up about 16.28% in the last one year (as of 09/04/2024). In the past 52-week period, it has traded between $36.09 and $44.80.
The ETF has a beta of 0.79 and standard deviation of 13.51% for the trailing three-year period, making it a medium risk choice in the space. With about 208 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Value Line Dividend 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, FVD is a reasonable option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The Schwab U.S. Dividend Equity ETF (ARCA:SCHD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $59.94 billion in assets, Vanguard Value ETF has $123.92 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
<h2>Bottom-Line</h2>
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2331114/should-first-trust-value-line-dividend-etf-fvd-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2331114">To read this article on Zacks.com click here.</a>

ERIE

First Trust Value Line Dividend Index Fund ETF

Should First Trust Value Line Dividend ETF Be on Your Investing Radar?

Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is reportedly considering acquiring two facilities owned by AUO Corp, mirroring Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a target="_blank" href="https://www.benzinga.com/m-a/24/08/40437227/taiwan-semiconductor-acquires-tainan-facility-for-531m-plans-major-expansion" rel="noreferrer noopener">recent deal to</a> purchase a plant and equipment from Innolux Corp.
Micron, ranked as the third-largest memory chip manufacturer globally, is expected to buy two AUO plants in Tainan for a purchase price of 10 billion New Taiwan dollars-20 billion New Taiwan dollars ($314.3 million-$628.6 million), the Taipei Times <a target="_blank" href="https://www.taipeitimes.com/News/biz/archives/2024/08/27/2003822807" rel="noreferrer noopener">reports</a>.
AUO is selling the facilities it shuttered in August 2023 to optimize its resources.
Taiwan Semiconductor recently announced its acquisition of a 5.5th-generation plant from Innolux, located in the Southern Taiwan Science Park, for 17.14 billion New Taiwan dollars.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27082044/newplot-2-1.png" alt="" class="wp-image-515974" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27082044/newplot-2-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27082044/newplot-2-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The deal will significantly enhance Taiwan Semiconductor&#8217;s advanced 3D chip-on-wafer-on-substrate (CoWoS) packaging capacity.
Micron Technology stock gained 52% in the last 12 months. The <a target="_blank" href="https://www.benzinga.com/government/24/08/40198085/huawei-and-baidu-increase-samsung-hbm-purchases-as-us-curbs-loom" rel="noreferrer noopener">high-bandwidth memory (HBM)</a> supplier was impacted by the U.S. semiconductor sanctions on China. It will likely <a target="_blank" href="https://www.benzinga.com/news/24/08/40227015/nvidia-greenlights-samsungs-fifth-gen-hbm3e-chips-for-ai-processors-report" rel="noreferrer noopener">secure 5% of the</a> market share in 2024, as per&nbsp;TrendForce.
Investors can gain exposure to Micron stock through Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
<h2 class="wp-block-heading">Will Micron Tech Stock Go Up?</h2>
When trying to assess whether or not Micron Technology will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $168.56 on Micron Technology. The Street high target is currently at $225.0 and the Street low target is $138.0. Of all the analysts covering Micron Technology, 26 have positive ratings, one has neutral ratings and no one has negative ratings.
In the last month, 3 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/MU/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Micron Technology have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Micron Technology is 17.91% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Micron Technology, visit <a href="https://www.benzinga.com/quote/MU">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
Price Action: MU stock traded lower by 1.41% at $97.52 at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Media

Micron Tech Eyes AUO Plant Acquisition as Taiwan Semi Expands Chip Packaging Tech

Goldman Sachs analyst Toshiya Hari maintained a Sell rating on Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/quote/INTC/analyst-ratings" rel="noreferrer noopener">with a price target of $22.</a>
While Hari considered the latest <a target="_blank" href="https://www.benzinga.com/news/24/07/40073980/intel-plans-job-cuts-to-fund-turnaround-efforts-bloomberg" rel="noreferrer noopener">cost reduction initiative</a> of ~$10 billion necessary for Intel to ultimately challenge its foundry and fabless peers from a margin and return perspective, the analyst does not consider it sufficient for a sustained recovery in the company&#8217;s competitive position.
Hari continues to be cautious about the name. He awaits signs of wallet share stabilization in Data Center computing and material progress in the company&#8217;s external Foundry strategy before potentially becoming more constructive about the stock.
Intel&#8217;s notebook CPU revenue increased 15% year-on-year to $4.5 billion due to improved inventory levels at Intel&#8217;s customers and ASPs driven by the ramp of Intel 4-based products. Given muted end consumption and signs of some OEMs digesting component inventory in the near term, Hari expects notebook CPU unit growth on a YoY basis to decelerate in the third quarter.
Desktop CPU revenue increased 7% year over year to $2.5 billion, driven primarily by an increase in volume. Hari expects desktop CPU unit growth to decelerate in the third quarter due to soft near-term demand trends.&nbsp;&nbsp;
Hari estimated that Intel&#8217;s second-quarter server CPU revenue decreased 4% year over year. The company reported a 23% increase in ASPs. Following results announcements from both Intel and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Hari noted AMD gained a share in the Server CPU market in the second quarter.
Hari projected fiscal 2024 revenue and EPS of $52.87 billion and $(0.50), respectively.
Investors can gain exposure to Intel through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)
Price Action: INTC shares traded lower by 6.08% at $20.18 at last check Monday.
Image via Shutterstock

Price Target

Reiteration

INTC

Intel's $10B Cost Cut Seen as Necessary but Not Enough for Competitive Edge: Analyst

Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a <a href="https://www.benzinga.com/quote/INTC/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $17</a>.
Mosesmann expects Intel to deliver inline fiscal 2024 second-quarter earnings based on flat to up sales growth, stabilizing PC dynamics, and a bottoming in the Altera, Mobileye, and NEX segments.
The analyst expects the management to issue a modest growth guidance for the third quarter, likely below his mid-to-high single-digit expectation of weaker server Sierra Forrest and Granite Rapids ramps as Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) continues to gain share on EPYC4 and newer EPYC5 road maps.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29094043/newplot-71.png" alt="" class="wp-image-462536" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29094043/newplot-71.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29094043/newplot-71-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Mosesmann projected a second-quarter revenue of $13 billion, which aligns with the consensus. Guidance for the quarter is for $12.5 billion &#8211; $13.5 billion. The analyst and consensus expect an adjusted gross margin of 43.5% and 42.7%, respectively. Guidance for the June quarter was for 43.5%.
Mosesmann expects an adjusted EPS of $0.10, which aligns with guidance and consensus.
For the September quarter, Mosesmann projected revenue of $14 billion vs. the consensus of $14.4 billion. The analyst&#8217;s estimate for adjusted gross margin is 44.8%, slightly lower than the consensus estimate of 46.2%. Mosesmann&#8217;s adjusted EPS is $0.14, below the consensus of $0.32.
For fiscal 2024, the analyst projected revenue of $54.7 billion and adjusted EPS of $0.64, below the consensus of $56 billion and $1.11.
For fiscal 2025, Mosesmann projected revenue of $61 billion and adjusted EPS of $1.20, below the consensus of $62.8 billion billion and $1.92.
For fiscal 2026, the analyst projected revenue of $61 billion and adjusted EPS of $1.05.
Intel stock lost over 13% in the last 12 months. Investors can gain exposure to the stock through Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>) and Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>).
Price Action: INTC shares traded lower by 1.28% at $30.95 at last check Monday.
Photo via Shutterstock

Intel Analyst Flags AMD Competition as Key Challenge, Predicts Modest Growth For Q2

The investing portfolios of former Speaker of the House Nancy Pelosi and Vice President Kamala Harris may differ, with a preference of individual stocks versus <a href="https://www.benzinga.com/etfs">exchange traded funds.</a>
What Happened: With President Joe Biden dropping out of the 2024 election, Harris is the favorite to secure the Democratic Party nomination and <a href="https://www.benzinga.com/general/politics/24/07/39892716/nancy-pelosi-endorses-kamala-harris-for-president-full-confidence-that-she-will-lead-us-to-victo">has received endorsements</a> from many people, including Pelosi.
While they are both Democrats and key political figures, Harris and Pelosi differ when it comes to investing.
Pelosi and her venture capitalist husband Paul Pelosi prefer to buy individual stocks and options, often in the technology sector. Compare that to the investment style of Harris and her husband Doug Emhoff, who have their money parked in mutual funds and ETFs.
Benzinga recently polled readers to see which investment style could be better.
"Kamala Harris' investments include mutual funds and S&amp;P 500 holdings, while Nancy Pelosi and her husband have purchased stocks like Nvidia, Apple and Tesla. Who do you think is a better investor?" Benzinga asked.
The results were:
<ul>
<li>Kamala Harris: 34%</li>
<li>Nancy Pelosi: 66%</li>
</ul>
The<a href="https://www.benzinga.com/gov-trades/members/nancy-pelosi"> Benzinga Government trades page</a> for Pelosi shows recent purchases of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>).
According to a report from <a href="https://www.barrons.com/amp/articles/kamala-harris-wealth-investments-12983bda">Barrons</a>, Harris and Emhoff have between $2.9 million and $6.6 million in investments and cash based on financial disclosures. Among the investments include Harris having between $250,000 and $500,000 in a Target Date 2030 fund and between $100,000 and $250,000 in an S&amp;P fund and large-cap growth fund.
Emhoff has investments in several ETFs, including the iShares Core MSCI EAFE ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEFA#BATS">IEFA</a>).
A Quiver Quant <a href="https://www.quiverquant.com/news/Kamala%20Harris%20Net%20Worth">report </a>shows the Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) and the Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>) as two of the largest holdings by the vice president and first gentleman. The Vanguard Growth ETF is heavily weighting in technology stocks, making up 60% of the ETF. 
One thing the two political figures have in common with their investments is a preference to large cap stocks and not having large weightings of small cap stocks in their portfolios.
Read Also: <a href="https://www.benzinga.com/exclusives/24/07/39848818/exclusive-is-small-cap-rally-scaring-away-investors-only-1-of-benzinga-readers-polled-are-buying-few">EXCLUSIVE: Is Small Cap Rally Scaring Away Investors? Only 1% Of Benzinga Readers Polled Are Buying Fewer Stocks, Here&#8217;s How Many Are Buying More</a>
Why It's Important: The net worth of Harris and Emhoff pales in comparison to her 2024 election opponent Donald Trump, who is a billionaire thanks to his investments and large stake in Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>).
"Does the difference in wealth between Kamala Harris and Donald Trump make her a more or less appealing candidate?" Benzinga asked.
The results were:
<ul>
<li>More appealing: 32%</li>
<li>Less appealing: 4%</li>
<li>Makes no difference to me: 64%</li>
</ul>
The poll found that potential voters don't care too much that Trump is worth significantly more than Harris. A larger amount of respondents said Harris is more appealing than less appealing based on her lower wealth amount.
Benzinga also asked if people were surprised by the $2.9 million to $6.6 million figure that is being reported for Harris and her husband's wealth.
The results were:
<ul>
<li>More than I expected: 29%</li>
<li>Less than I expected: 34%</li>
<li>About what I expected: 37%</li>
</ul>
The poll results were close, with the majority of respondents indicating that Harris&#8217;s wealth was in line with their expectations. Additionally, about one-third of the respondents felt that the amount was less than they anticipated.
Disclosures of investments for political figures has been a hot topic in recent years, with calls to ban members of Congress from trading stocks and options. The significant allocation to ETFs and mutual funds indicates that Harris has not been actively buying and trading individual stocks like some members of Congress and their spouses.
Harris and Pelosi may have investment commonalities of preference for technology and large-cap stocks, while both also mostly avoid small-cap stocks.
Interested in learning more about small-cap stocks and ETFs? Then you don&#8217;t want to miss Benzinga Small Cap Conference, Oct. 10 in Chicago.&nbsp;<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Click here</a>&nbsp;for more information.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/39716688/apple-microsoft-meta-google-which-would-you-buy-at-all-time-high-investor-poll-reveals">Apple, Microsoft, Meta, Google: Which Would You Buy At All-Time High? Investor Poll Reveals Split Opinions</a></li>
</ul>
The study was conducted by Benzinga in July 2024 and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 172 adults.
Image created with photos from Shutterstock and Midjourney.

Politics

AVGO

NVDA

PANW

Nancy Pelosi Vs. Kamala Harris: Poll Shows Who People Think Is the Better Investor

Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a price target of $22.
AT&amp;T reported fiscal 2024 <a href="https://www.benzinga.com/news/earnings/24/07/39929205/at-t-q2-earnings-strong-wireless-net-adds-higher-free-cash-flow-stable-annual-outlook" target="_blank" rel="noreferrer noopener">second-quarter revenue</a> of $29.8 billion — just below Goldman Sachs&#8217;s and the Stret&#8217;s estimate of $30 billion. 
<ul>
<li>Adjusted EBITDA of $11.34 billion was in line with Goldman Sachs&#8217;s estimate of $11.37 billion and the Street&#8217;s estimate of $11.31 billion.  </li>
<li>Free cash flow of $4.6 billion was above Goldman Sachs&#8217;s estimate at $4.3 billion and the Street at $4.3 billion on lower capital investment. </li>
<li>Wireless service revenue of $16.3 billion was in line with Goldman Sachs&#8217;s estimate at $16.2 billion, and the Street at $16.2 billion.</li>
<li>Postpaid phone net adds came in at over 419,000, which was well ahead of Goldman Sachs at more than 275,000 and the Street at more than 266,000. </li>
<li>Wireless EBITDA of $9.20 billion was in line with Goldman Sachs&#8217;s estimate at $9.29 billion and the Street at $9.18 billion.</li>
<li>Fiber net additions of 239,000-plus were below Goldman Sachs&#8217;s at +260k and the Street&#8217;s at more than 255,000.</li>
<li>Wireless service revenue growth stands at +3% versus Goldman Sachs&#8217;s estimate of +3.2% and the Street at +3.1%.</li>
<li>Adjusted EPS remains at $2.15-$2.25 versus Goldman Sachs&#8217;s estimate at $2.24 and the Street at $2.20.</li>
</ul>
Schneider expects the stock to trade modestly higher following results given more robust phone net additions, in light of lowered expectations following a Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) <a href="https://www.benzinga.com/news/earnings/24/07/39883078/verizon-q2-earnings-wireless-revenue-and-broadband-subs-gain-traction-sales-fall-short-of-expectati" target="_blank" rel="noreferrer noopener">report</a>. 
Price Action: AT&amp;T stock gained 27% in the last 12 months. Investors can gain exposure to the stock through Vanguard High Dividend Yield ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYM#NYSE">VYM</a>) and Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>). T shares traded higher by 4.26% at $18.98 at the last check on Wednesday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39934981/us-services-activity-hits-28-month-peak-price-pressures-continue-to-ease-economist-">US Services Activity Hits 28-Month Peak, Price Pressures Continue To Ease: Economist Calls It &#8216;A Goldilocks Scenario&#8217;</a></li>
</ul>
Image: Shutterstock

AT&T Expected to Rise on Strong Phone Net Additions and Robust Guidance: Analyst

According to a federal lawsuit, Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is accused of infringing on 11 patents owned by Chinese chipmaker Yangtze Memory Tech. Co. Ltd. (YMTC).
YMTC claims the key Biden&#8217;s <a target="_blank" href="https://www.benzinga.com/government/24/05/38650086/intel-micron-among-winners-in-bidens-280b-chips-act-for-semiconductor-advancement" rel="noreferrer noopener">Chips Act beneficiary</a> used its patented inventions without authorization after YMTC surpassed Micron in the flash memory market in 2023, Bloomberg Law <a target="_blank" href="https://news.bloomberglaw.com/ip-law/micron-infringed-11-ymtc-semiconductor-tech-patents-suit-says" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39748984/taiwans-president-expresses-gratitude-to-micron-ceo-for-ongoing-investment" rel="noreferrer noopener">Taiwan&#8217;s President Expresses Gratitude To Micron CEO For Ongoing Investment</a>
The complaint was filed on July 12 in the US District Court for the Northern District of California, just one day after a Texas judge upheld a $445 million jury verdict against Micron for infringing Netlist Inc.&#8217;s semiconductor patents.
<a target="_blank" href="https://www.benzinga.com/government/24/03/37947552/microns-strategic-moves-in-china-ceo-mehrotras-talks-and-expansion-plans-amid-shift-from-us-tech" rel="noreferrer noopener">Earlier in 2024</a>, Micron CEO Sanjay Mehrotra met with China&#8217;s Minister of Commerce to discuss deepening Micron&#8217;s operations and new investments in China. Mehrotra outlined Micron&#8217;s business plans and committed to complying with Chinese regulations, indicating a strong focus on expanding in the Chinese market.
Recently, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39753049/micron-technology-analysts-remain-bullish-after-management-meetings-ai-could-become" rel="noreferrer noopener">analysts flagged</a> Micron&#8217;s optimistic outlook on pricing and the shift towards AI computing and enterprise storage products. The company aims to increase its share of high-bandwidth memory (HBM) to 20% to 25% by 2025, targeting a market exceeding $20 billion.
Investors can gain exposure to Micron through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>).
Price Action: MU shares traded lower by 2.09% at $128.13 at the last check on Tuesday.
Photo via Shutterstock

Legal

What's Going On With Micron Technology Stock On Tuesday?

Launched on 05/22/2000, the iShares Russell 1000 Value ETF (ARCA:IWD) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.
The fund is sponsored by Blackrock. It has amassed assets over $55.66 billion, making it the largest ETFs attempting to match the Large Cap Value segment of the US equity market.
Why Large Cap Value
Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.
Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. Looking at their long-term performance, value stocks have outperformed growth stocks in almost all markets. They are however likely to underperform growth stocks in strong bull markets.
Costs
Investors should also pay attention to an ETF&#39;s expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.19%, making it one of the cheaper products in the space.
It has a 12-month trailing dividend yield of 1.96%.
Sector Exposure and Top Holdings
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 23% of the portfolio. Industrials and Healthcare round out the top three.
Looking at individual holdings, Berkshire Hathaway Inc Class B&nbsp;accounts for about 3.54% of total assets, followed by JPMorgan Chase &amp; Co&nbsp;and Exxon Mobil Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>).
The top 10 holdings account for about 17.89% of total assets under management.
Performance and Risk
IWD seeks to match the performance of the Russell 1000 Value Index before fees and expenses. The Russell 1000 Value Index measures the performance of the large-capitalization value sector of the U.S. equity market.
The ETF has added about 6.18% so far this year and is up about 13.62% in the last one year (as of 07/09/2024). In the past 52-week period, it has traded between $143.69 and $179.11.
The ETF has a beta of 0.95 and standard deviation of 15.18% for the trailing three-year period, making it a medium risk choice in the space. With about 851 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares Russell 1000 Value ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, IWD is a great option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Schwab U.S. Dividend Equity ETF (ARCA:SCHD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $54.39 billion in assets, Vanguard Value ETF has $115.94 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
Bottom-Line
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/2298260/should-ishares-russell-1000-value-etf-iwd-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2298260">To read this article on Zacks.com click here.</a>

Should iShares Russell 1000 Value 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.

AAPL

IUSG

SCHG

SPYG

VONG

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

Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the iShares Select Dividend ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dvy#NASDAQ">DVY</a>) is a passively managed exchange traded fund launched on 11/03/2003.
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 $17.87 billion, making it one of the largest ETFs attempting to match the Large Cap Value segment of the US equity market.
Why Large Cap Value
Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.
Costs
Investors should also pay attention to an ETF&#39;s expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.38%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 3.84%.
Sector Exposure and Top Holdings
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 Utilities sector--about 28.50% of the portfolio. Financials and Consumer Staples round out the top three.
Looking at individual holdings, Altria Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mo#NYSE">MO</a>) accounts for about 2.94% of total assets, followed by AT&amp;T Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) and Verizon Communications Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>).
The top 10 holdings account for about 18.21% of total assets under management.
Performance and Risk
DVY seeks to match the performance of the Dow Jones U.S. Select Dividend Index before fees and expenses. The Dow Jones U.S. Select Dividend Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.
The ETF has added roughly 3.56% so far this year and was up about 8.57% in the last one year (as of 06/18/2024). In the past 52-week period, it has traded between $102.97 and $125.75.
The ETF has a beta of 0.88 and standard deviation of 15.82% for the trailing three-year period, making it a medium risk choice in the space. With about 107 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares Select Dividend 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, DVY is a reasonable option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Russell 1000 Value ETF (ARCA:IWD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While iShares Russell 1000 Value ETF has $54.76 billion in assets, Vanguard Value ETF has $116.20 billion. IWD has an expense ratio of 0.19% and VTV charges 0.04%.
Bottom-Line
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/2289562/should-ishares-select-dividend-etf-dvy-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2289562">To read this article on Zacks.com click here.</a>

Should iShares Select Dividend ETF Be on Your Investing Radar?

2020년 팬데믹 이후 미국 증시 최악의 매도세로 주요 지수가 조정 또는 약세 영역에 진입하면서 <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44697600/stocks-rebound-chipmakers-soar-on-trade-deal-hopes-bitcoin-lags-whats-driving-markets-tuesday" target="_blank" rel="noopener">안전자산으로 피신</a>하려는 움직임이 나타나고 있다.  역사적으로 경기 침체기에 방어적인 섹터로 여겨졌던 필수소비재, 유틸리티, 헬스케어 섹터에 노출되는 <a href="https://www.benzinga.com/etfs">ETF</a>가 각광을 받고 있다.
대표적인 종목은 다음과 같다.
<ul>
<li>SPDR 셀렉트 섹터 펀드-소비재 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>): 이 펀드는 음식, 음료, 가정용품과 같은 일반 품목을 생산하는 기업을 추적한다. 이러한 필수품의 판매는 경제 침체와 관계없이 계속될 것이다. 프록터 앤드 갬블(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), 코스트코(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), 월마트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)를 보유한다.</li>
<li>SPDR 셀렉트 섹터 펀드-유틸리티 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>): 유틸리티 기업은 전기와 물과 같은 필수 서비스를 제공하므로, 불확실성이 커지는 시기에는 수익을 추구하는 투자자들에게 인기가 있다. 포트폴리오에는 넥스테라 에너지(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)와 PG&amp;E 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>)이 포함된다.</li>
<li>뱅가드 헬스케어 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHT#NYSE">VHT</a>): 헬스케어 지출은 일반적으로 어려운 시기에도 지속되며, 이 펀드는 약국 체인, 의료 기기 제조업체 및 헬스케어 제공업체의 조합에 대한 노출을 제공한다. 일라이 릴리 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)와 존슨앤드존슨(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>)이 주요 보유 종목이다.</li>
</ul>
배당 중심의 ETF도 주목받고 있다. 높은 배당수익률을 지급하는 재무적으로 건전한 미국 기업 포트폴리오를 보유한 iShares Core 고배당 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDV#NYSE">HDV</a>)는 주가 하락에 대비해 꾸준한 수익으로 보호를 제공한다.
가치 투자도 주목을 받는다. 펀더멘털에 비해 저평가된 대형주를 추종하는 뱅가드 가치 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)는 가격 변동이 심한 성장주에 대한 노출을 줄이면서 투자 위험은 낮추는 수단으로 꼽힌다.
최근 미중 무역 긴장이 고조되면서 투자자들이 방어적 포지션으로 이동하고 있다. 백악관에 따르면 중국이 미국에 대한 보복 관세를 철회하지 않으면 수요일 오전 12시 1분(동부 표준시)에 중국산 수입품에 대한 미국의 관세율이 104%로 치솟을 것이라고 한다.
모든 대미 수입품에 10%의 기본 관세를 부과하고 EU, 인도, 대만, 베트남 등 주요 무역 파트너에 대해 더 높은 관세를 부과하는 포괄 관세의 위험은 시장을 불안하게 만들었다. 백악관이 <a href="https://www.benzinga.com/news/25/04/44671308/stock-market-surge-evaporates-as-headline-roulette-plagues-traders-fake-news-white-house-says-in-response-to" target="_blank" rel="noopener">"가짜 뉴스&#8221;</a>라고 불렀던 90일 관세 유예에 대한 불확실성도 변동에 기여했다.
JP모건은 2025년 하반기에 <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645681/jpmorgan-raises-recession-risk-to-60-as-largest-us-tax-hike-in-60-years-hits-global-economy?_gl=1&#x2A;1mnei8t&#x2A;_gcl_au&#x2A;NzQyMjgxNjUuMTczNzYwNzI4NQ..&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NDAyMzE1Ny4yNDYuMS4xNzQ0MDIzMjMyLjAuMC4w" target="_blank" rel="noopener">미국의 경기침체 가능성을 60%</a>로 보고 있으며, 골드만삭스는 향후 12개월 내에 경기 침체가 발생할 가능성을 <a href="https://www.benzinga.com/25/04/44662991/goldman-sachs-raises-risk-of-recession-to-45-jefferies-calls-tariffs-a-free-hall-pass-for-tech-giants-to-reset-their-goals" target="_blank" rel="noopener">45%로 높였다.</a>
이러한 환경에서 전략가들은 이익을 추구하는 것이 아니라 손실을 제한하는 것이 중요하다고 말한다.
이미지: Shutterstock
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트럼프 관세 패닉 속 투자자들이 달려간 '경기침체에 강한' ETF 5종목은?

최근 주식 시장에 관심을 기울여왔다면, 가치주가 화려한 성장주의 중심에서 떠오르고 있는 다소 의외의 상황을 목격한 적이 있을 것이다. 3개월 동안 러셀 1000 가치 지수는 러셀 1000 성장 지수를 <a href="https://www.benzinga.com/general/market-summary/25/03/44555763/value-stocks-are-crushing-growth-superstars-in-2025-is-more-to-come" target="_blank" rel="noopener">11%나 앞질렀다.</a> 작년 이맘때만 해도 기술과 인공지능(AI)이 시장을 주도했던 것과는 확연히 다른 모습이다.
관세, 지정학적 긴장, 경기침체 불안이 소용돌이치면서 투자자들은 상대적으로 안전한 가치주에 몰리고 있다. 하지만 이것이 영구적인 추세일까, 아니면 일시적인 횡보일까? 시장이 어떻게 될지 아무도 확신할 수 없지만, 역사적으로 가치주는 어려운 시기를 잘 견디는 경향이 있다.
가치주의 흐름에 편승하고 있다면 아래의 <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener">가치주 기반 ETF 4가지</a>를 고려할 만하다.
iShares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>)
러셀 1000 가치 지수를 추종하려는 대부분의 투자자가 가장 먼저 선택하는 IWD는 금융, 헬스케어, 필수소비재 등 다양한 섹터의 대형주 가치주에 대한 폭넓은 노출을 제공한다. 보유 종목 중 일부에는 JP모건 체이스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), 엑손모빌(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), 프록터앤드갬블(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>)의 주식이 포함된다. 규모와 유동성을 갖춘 이 ETF는 가치주 섹터에 분산 투자할 수 있는 편리한 수단이다. 운용보수율은 0.19%이다.
Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)
운용보수율이 0.04%인 저렴한 펀드인 VTV는 CRSP 미국 대형주 가치 지수를 추종한다. 이 펀드에는 JP모건 체이스, 존슨앤존슨(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) 같은 우량주가 비중확대되어 있어 안정성과 장기 성장에 대한 좋은 투자처이다.
SPDR S&amp;P 500 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYV#NYSE">SPYV</a>)
더 큰 S&amp;P 500의 일부인 가치주에 노출되기를 원한다면 SPYV를 고려할 수 있다. 이 ETF는 주가수익비율과 주가순자산비율이 낮은 S&amp;P 500 주식 중 가치주 특징을 강하게 반영하는 종목을 대상으로 한다. 가치주와 성장주 간 밸류에이션 차이가 지금처럼 높기 때문에 이 ETF는 시장 조정 시 수익을 낼 수 있다. 포트폴리오는 IWD 및 VTV와 유사하며 운용보수율은 0.04%이다.
Schwab U.S. Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>)
배당주는 가치주와 겹치는 경향이 있는데, SCHD가 대표적인 사례다. 고배당 기업에 집중 투자하는 이 ETF는 투자자에게 가치주에 노출될 뿐만 아니라 시장 불확실성 속에서도 꾸준한 수익을 제공한다. 포트폴리오에는 코카콜라(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), 펩시코(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), 화이자(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) 같은 우량 브랜드가 포함되어 있으며 운용보수율은 0.06%이다.
<h3>가치주가 우위를 유지할 수 있는 이유</h3>
지난 분기 가치주의 시장수익률 상회는 단순히 시장의 불안감을 넘어선 것이다. 블랙록의 펀더멘털 주식 글로벌 CIO인 토니 드스피리토의 <a href="https://www.blackrock.com/us/individual/insights/value-stocks-underweight-and-unaware?utm_source=chatgpt.com" target="_blank" rel="noopener">말처럼</a> 현재 성장주가 S&amp;P 500에서 차지하는 비중이 거의 40%로 장기 평균인 24%의 두 배가 넘기 때문이다.
밸류에이션이 상향 조정됨에 따라 투자자들은 분산투자를 위해 가치주 투자로 전환할 수 있다. 또한 유틸리티, 헬스케어, 소재와 같은 섹터는 가치주 지수의 필수 업종으로 관세에 덜 취약하고 무역 정책 변화의 긍정적인 영향을 받을 수도 있다.
성장주는 시간이 지나면 회복될 수 있지만, 현재 시장 환경은 가치주에 유리하게 작용하고 있다. 이러한 추세에 관심이 있는 투자자들은 가치 투자에 초점을 맞춘 위 4가지 ETF를 고려해 볼만하다.
사진: 셔터스톡
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<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
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/stocks/%EC%9D%B8%ED%85%94-vs-amd-%EC%84%9C%EB%B2%84-%EB%8C%80%EA%B2%B0-ai-%EA%B2%BD%EC%A3%BC-%ED%94%84%EB%A0%88%EC%9E%84-%EC%8B%A4%EC%A0%81-%ED%85%8C%EC%8A%A4%ED%8A%B8/" target="_blank" rel="noopener">인텔 vs AMD: 서버 대결, AI 경주 프레임 실적 테스트</a>
다른 트레이더들보다 30분 일찍 시장 움직임에 대한 독점 뉴스를 받아보세요.
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독점: 위즈덤트리 "고금리 장기화 속 가치주 투자로 이동, 관세 우려는 과장"

Vanguard S&amp;P 500 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)가 올해 연간 유입액 1,000억 달러를 돌파하며 모든 ETF 역사상 가장 높은 수치를 기록했다.
ETF.com의 데이터에 따르면, 이 펀드는 투자자들로부터 1,010억 7천만 달러의 신규 자금을 유치했으며, 이는 두 번째로 가까운 경쟁자인 iShares Core S&amp;P 500 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)의 592억 달러와 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)의 229억 달러를 합친 것보다도 많다.
수조 달러 규모의 상장지수펀드(ETF) 산업에서 이러한 추세는 세계 최대 ETF인 SPY가 오랜 기간 유지해온 1위 자리를 잃을 위기에 처했는지에 대한 논란을 불러일으키고 있다.
<h3 class="wp-block-heading">$VOO가 내년 세계 최대 ETF가 될 가능성</h3>
세계 최대 ETF의 타이틀은 여전히 자산운용(AUM) 6,200억 달러를 보유한 SPY가 차지하고 있지만, VOO와의 격차는 현재 4,100억 달러로 좁혀졌다.
ETF.com의 수석 애널리스트인 수미트 로이(Sumit Roy)는 &#8220;이것은 VOO가 내년에는 SPY를 제치고 세계 최대 ETF로 올라설 가능성이 매우 현실적이라는 것을 의미한다&#8221;고 언급했다.
그는 또한 &#8220;그러한 일이 발생하더라도, SPY의 ETF 순위 하락이 거기서 멈추지 않을 수도 있다. IVV는 5,650억 달러의 AUM으로 SPY를 쫓고 있다&#8221;고 덧붙였다.
<h3 class="wp-block-heading">세계 AUM 기준 상위 10개 ETF</h3>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>ETF 이름</th>
<th>AUM ($ 억)</th>
<th>운영비율</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR S&amp;P 500 ETF TRUST</td>
<td>620.26</td>
<td>0.09%</td>
</tr>
<tr>
<td>Vanguard S&amp;P 500 ETF</td>
<td>579.35</td>
<td>0.03%</td>
</tr>
<tr>
<td>iShares Core S&amp;P 500 ETF</td>
<td>559.64</td>
<td>0.03%</td>
</tr>
<tr>
<td>Vanguard Total Stock Market (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>)</td>
<td>460.11</td>
<td>0.03%</td>
</tr>
<tr>
<td>Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</td>
<td>310.27</td>
<td>0.20%</td>
</tr>
<tr>
<td>Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>)</td>
<td>151.13</td>
<td>0.04%</td>
</tr>
<tr>
<td>Vanguard FTSE Developed Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEA#NYSE">VEA</a>)</td>
<td>135.42</td>
<td>0.06%</td>
</tr>
<tr>
<td>Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>)</td>
<td>133.31</td>
<td>0.04%</td>
</tr>
<tr>
<td>Vanguard Total Bond Market (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BND#NYSE">BND</a>)</td>
<td>119.17</td>
<td>0.03%</td>
</tr>
</tbody>
</table><figcaption class="wp-element-caption">데이터 출처: ETF.com</figcaption></figure>
<h3 class="wp-block-heading">운영비율: VOO의 기관 투자자 유입에 중요한 요소</h3>
VOO의 성공을 이끄는 주요 요인은 0.03%라는 매우 낮은 운영 비율(expenses)로, 이는 SPY의 0.0945%의 3분의 1도 되지 않는다.
이러한 차이는 특히 수십억 달러를 관리하는 기관 투자자들에게 중요한 의미를 지닌다.
예를 들어, 소매 투자자가 연초에 VOO에 5,000달러를 투자하면 연간 비용이 단 1.50달러에 불과하지만, 같은 투자액을 SPY에 투자할 경우 4.73달러가 소요되어 사실상 무시할 수 있는 차이이다.
반면, 기관 투자자가 VOO에 50억 달러를 배정하면 수수료가 단 150만 달러에 불과하지만, SPY에 투자할 경우 473만 달러가 들며, 무려 323만 달러의 차이가 발생한다.
이 간단한 예시는 운영비율의 차이가 ETF에 대한 <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener" data-google-interstitial="false">대규모 투자자 유입</a>의 중요한 요인이라는 것을 설명해 줄 수 있다.
지금 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/24/11/42148340/black-friday-cyber-monday-deals-on-wall-street-why-buying-walmart-or-amazon-before-the-holidays-might-backfire">월마트, 아마존 주식이 이번 홀리데이 시즌에 주춤할 수 있는 이유</a></li>
</ul>
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뱅가드의 S&P 500 ETF는 2024년에 1,000억 달러 유입 기록: SPY의 1위 자리에 위협?

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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