You’ve heard that timing is everything, and if mega-cap stocks continue to perform, Vanguard’s three new mega-cap exchange traded funds (ETFs) could be a case of the right ETF at the right time.
The three new ETFs are:
- Vanguard Mega Cap 300 Index Fund (MGC)
- Vanguard Mega Cap 300 Growth Index Fund (MGK)
- Vanguard Mega Cap 300 Value Index Fund (MGV)
The December-born ETFs track 300 of the largest stocks within their MSCI indexes, reports Jesse Emspak of Investor’s Business Daily. Expense ratios are at 0.13%. Pay attention, as some mid-cap stocks overlap with large-caps at the top of their market caps. For this reason, the firm launched these ETFs to offer a more purely large-cap play.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.