Klaus Vedfelt
Introduction
Growth stocks in general have enjoyed their time in the sun for a while now, and the iShares Morningstar Growth ETF (NYSEARCA:ILCG) is one of many ETF products that offers diversified exposure to some of the
ILCG ETF: Not Ideal
Summary
- ILCG which focuses on large-cap-and-mid-cap stocks with growth characteristics has outperformed the benchmark by 700bps over the past year.
- Notwithstanding the recent performance, we don't feel ILCG is as competent a growth ETF as VUG, the largest offering in this space.
- The relative strength and standalone charts suggest that this is an overbought theme, and valuations are not cheap either.
Investment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.
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