2024-07-02 11:56:28 ET
Summary
- 2024 is likely to be a year of overperformance led by technology mega-caps.
- SCHB offers wide exposure to the stock market with low expense ratio, yet high concentration in mega-cap technology stocks.
- Concentration in mega-caps poses risks for broad-market ETF investors, alternative diversification options should be considered.
Thesis
With the S&P 500 up more than 14% YTD, 2024 is shaping to be another year of overperformance, led by technology mega-caps. Broad market exposure has brought investors more than desirable capital gains, yet it has also led to concentrated positions and extended valuations across mega caps....
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SCHB: Reliable, But Has Expensive Valuation