MGK - MGK: A Highly Concentrated Bet I Won't Be Taking
2024-06-20 06:53:14 ET
Summary
- Vanguard Mega Cap Growth Index Fund ETF Shares tracks CRSP US Mega Cap Growth Index.
- The index defines growth based on future and historical EPS growth, sales growth, investment to-assets ratio, and return on assets.
- The fund has high position risk, sector risk, cap-weighted risk and growth risk.
- With too many risks and no logical reason for it to persist, I do not recommend owning this risky fund.
The Vanguard Mega Cap Growth Index Fund ETF Shares (MGK) is too risky for me to recommend. What are the specific risks I see? Let's dig in....
MGK: A Highly Concentrated Bet I Won't Be Taking