VOT - Think the Magnificent Seven Is Overhyped? This Vanguard ETF Could Be Right for You
2024-05-03 09:15:00 ET
"Magnificent Seven" stocks have caught the market spotlight for their size, growth potential, and leadership across exciting themes. The group comprises Microsoft , Apple , Nvidia , Amazon , Alphabet , Meta Platforms , and Tesla . But some investors may feel that Magnificent Seven stocks are overvalued, or they simply already own enough of them and are looking for something else.
Despite being a growth-focused exchange-traded fund (ETF), the Vanguard Mid-Cap Growth ETF (NYSEMKT: VOT) does not include any Magnificent Seven stocks. Here's why this fund could be worth buying now if you're looking for growth outside of mega-cap and large-cap stocks.
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Think the "Magnificent Seven" Is Overhyped? This Vanguard ETF Could Be Right for You