2024-04-10 17:48:46 ET
Summary
- Vanguard High Dividend Yield Index Fund ETF Shares has delivered robust returns since I last wrote about it at the end of 2023.
- Despite the large price rallies, the VYM fund is even timelier now in my view.
- We may be near a cyclical inflection point for value stocks.
- The development of inflation could even better VYM's odds for outperformance in the years to come.
VYM has become timelier now
My last article on the Vanguard High Dividend Yield Index Fund ETF Shares (VYM) was published a few months ago (on Nov 29, 2023, to be exact). In that article, I argued that: A) value funds were out of favor, both in the U.S. and internationally; but B) I preferred VYM due to its better growth prospects, better profitability, and lower fees....
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For further details see:
VYM: Inflation Has Improved Its Timeliness