2024-07-17 02:39:27 ET
Summary
- XSD is a buy due to its unique modified equal-weight strategy, favoring small and mid-cap semiconductor companies with strong fundamentals.
- While XSD has a comparatively low weight on NVIDIA, this characteristic is arguably an advantage currently given the company's steep price run-up and current valuation.
- XSD's overall P/E and P/B ratios are more attractive compared to peer funds, with potential for stronger performance due to historical trends favoring small caps.
Investment Thesis
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XSD: Its Modified Equal-Weight Strategy Has Become A Competitive Advantage