2024-07-12 07:03:53 ET
Summary
- Fidelity High Dividend ETF has underperformed the total return of the S&P 500 since inception.
- The portfolio selection methodology promotes stocks with high dividend growth, independent of yield, that allows for low-dividend yield tech such as Nvidia.
- On consensus estimates, I calculated 2024 total return of 7.7%.
- In my view, investors are better served with ETFs that focus on capital gains or on current income.
Introduction
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For further details see:
FDVV: Different Is Not Always Better