- The banking sector has still not recovered from March lows despite playing a crucial role in the recovery process.
- Banks have made significant provisions for bad debts amid an uncertain economic environment.
- Still, VFH's portfolio also includes investment banks which have performed better than retail ones.
- For investors looking more towards dividends and asset diversification instead of share price performance, the more diversified VFH is better when compared to a peer.
- The ETF is a buy in the $67-68 range, especially following the recent nomination of Janet Yellen for the post of Treasury Secretary.
For further details see:
Vanguard Financials ETF: Better For Dividends, After Risk Assessment