“Wells Fargo’s Christopher Harvey is turning positive on beaten-down value stocks. He expects them to be the big winners in the second half of 2019,” according to CNBC. “Harvey calls it a ‘pretty big departure’ from his former stance — acknowledging he didn’t miss many opportunities to dismiss the group as a profitable play over the past two years.”
Other popular value ETFs include the iShares MSCI USA Value Factor ETF (Cboe: VLUE). VLUE “seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses,” according to iShares.
“Harvey predicts biotech, REITs and food, beverage and tobacco could see the most substantial gains among value plays, which typically represent stocks that are trading below their fundamentals and priced under their peers,” reports CNBC.
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