ETF Overview
The Vanguard Industrials ETF (VIS) owns a portfolio of U.S. industrial stocks. The ETF basically tracks the performance of the MSCI US Investable Market Industrials 25/50 Index. The fund has delivered an excellent 257% total return in the past 10 years. Stocks in VIS's portfolio are those with competitive advantages. While we are seeing signs of improvement in PMI data in January, we are not sure how much impact the coronavirus outbreak will have on global economy and industrial demand in 2020. Given that VIS is only slightly undervalued, we think investors may