SPLV: Defensive Is In Vogue (Rating Upgrade)
Defensive sectors have led the market in the past month, with high-momentum equities giving back gains amid US economic growth concerns and international volatility. SPLV has underperformed the S&P 500 since the lows in October last year, and now features a P/E near 20. Amid steadier and lower interest rates today and with significant technical tailwinds, I feel confident upgrading SPLV to a hold.
Should Invesco S&P 500 Low Volatility ETF (SPLV) Be on Your Investing Radar?
Looking for broad exposure to the Large Cap Blend segment of the US equity market? You should consider the Invesco S&P 500 Low Volatility ETF (SPLV), a passively managed exchange traded fund launched on 05/05/2011.
Should Invesco S&P 500 Low Volatility ETF (SPLV) Be on Your Investing Radar?
Looking for broad exposure to the Large Cap Blend segment of the US equity market? You should consider the Invesco S&P 500 Low Volatility ETF (SPLV), a passively managed exchange traded fund launched on 05/05/2011.
SPLV: Think Twice Before You Buy This Low Volatility ETF
SPLV is one of the most established U.S. large-cap low-volatility ETFs on the market. It has a moderate 0.25% expense and $7.10 billion in assets under management. The ETF appeals to risk-averse investors by selecting the 100 least-volatile S&P 500 Index stocks each quarter. Currently, SPLV overweights Financials, Consumer Staples, and Industrials. SPLV's current portfolio has a 0.75 five-year beta, the eighth-lowest among all large-cap blend ETFs. Unfortunately, it lacks appropriate quality, leaving investors vulnerable in "flight to safety" environments.
