2024-01-25 01:08:57 ET
Summary
- PSCC is a passively managed investment vehicle tracking SMID consumer staples names from the S&P 600.
- Heavy in mid-caps, PSCC has a value tilt, as illustrated by its levered FCF yield and EBITDA/Enterprise Value.
- At the same time, its quality is not perfect, and exposure to the growth factor is too small.
- I believe while investors might consider minor allocations to SMID consumer staples, they do not necessarily need them to bolster the performance of their portfolios in 2024, as they do not offer significant growth characteristics.
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For further details see:
PSCC: Do Investors Need SMID Consumer Staples Stocks In 2024?