It is hard to argue with the approach, as it is universally known (or should be known, especially given Guggenheim’s recent celebration of ten years of live performance in RSP (Guggenheim S&P Equal Weight) last week) that the “equal weighted” approach to indexing has produced very impressive results compared to market capitalization weighted approaches in a live returns environment, and the log of data or history to be measured, keeps extending each day (for those involved in due diligence that may not be interested in measuring what some may consider “short term” performance).
FVD currently sports a 2.62% yield (S&P 500’s yield is 2.03%) and is the third largest ETF offered by First Trust in terms of assets under management ($637 million) and has seen a healthy uptick in trading volume in the past five sessions and has impressively outperformed benchmarks in the trailing one and five year periods.
First Trust Value Line Dividend Index
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