LVHD News and Press, Legg Mason Low Volatility High Dividend ETF From 02/11/23

Summary 2022 was a year where, suddenly, the value style of investing dramatically outperformed the growth style. Sector exposure is a detail useful to help in characterizing different index exposures. The S&P 500 Growth Index added Energy sector exposure due to strong price mom...

Summary Expert recommendations for choosing among the myriad of Vanguard ETFs may prove to be a valuable resource to investors, even if not all of them will prove right. I present such recommendations made by highly knowledgeable sources, along with my own recommendations and the reason...

Summary DURA tracks the Morningstar US Dividend Valuation Index, selecting high-quality, high-yielding companies with attractive valuations. DURA's expense ratio is 0.29% and has $97 million in AUM. An unadvertised feature is DURA's low 0.77 five-year beta. Combined with an expected 3.3...

Summary Not all value strategies are created equal, and some stocks are cheap for a reason. Over the last 25 years, from 1997 to 2022, the MSCI USA Quality Index delivered an 8.6% annual return. In our view, falling earnings estimates, slowing GDP growth and tighter monetary policy ...

Summary 2023 may be an inflection point for the equity markets. When we look at the valuations around the globe at the region or country level, everything looks really cheap. We believe the markets will stay volatile in 2023. By Melda Mergen, CFA, CAIA, Global Head of Eq...

Summary Amid the worst rout for US stocks in more than a decade, Value stocks showed impressive staying power, finishing in 2022 with far smaller losses than their Growth counterparts and the US market overall. Though Value’s outperformance versus Growth spanned most industries i...

Summary In earlier articles, I made recommendations for ETFs and mutual funds that one should consider given the unusual combination of conditions we don't often see. How successful were these recommendations made under very high inflation, the Growth fund collapse, steeply rising Fed f...

Summary Avoiding growth last year paid enormous dividends, but I didn’t predict that growth stocks would fall in 2022, just that I couldn’t own them and fulfill our fiduciary duty. Near-term stock market performance is negatively correlated with economic growth. Commod...

Summary Can low volatility stocks shield investors from volatile markets? Low volatility stocks don't necessarily lead to low returns. Why low volatility stocks may be facing a 'goldilocks' environment. Markets are facing waves of volatility amid high inflation, ri...

Summary 2022 was the first year since 2016 that value investing thoroughly trounced growth investing. Growth had a nice spurt off the lows in June and October ’22 but the higher 10-year Treasury yield is acting like a wet blanket for growth stocks. I continue to think that no...