|Bid||164.60 x 1300|
|Ask||164.64 x 1000|
|Day's Range||164.57 - 165.24|
|52 Week Range||124.85 - 165.84|
|PE Ratio (TTM)||81.11|
|Beta (3Y Monthly)||1.07|
|Expense Ratio (net)||0.04%|
Growth exchange-traded funds (ETFs) are as straightforward as they sound: They're portfolios of growth stocks.By definition, a growth stock is any company with an above-average growth profile. In other words, they are companies whose revenues and earnings are expanding faster than the market average. They also often pay little or no dividends, opting instead to reinvest their cash flow in the business to maintain their growth.But they have their pitfalls; namely, when growth slows. Recently, outdoor gear maker Canada Goose (GOOS) lost more than 30% of its value in a single day after reporting lower-than-expected fourth-quarter earnings. Although revenues rocketed 40% higher year-over-year and profits jumped 20%, it still marked the company's slowest growth in eight quarters, prompting fears its tremendous growth was coming to an end. Whether that's true is up for debate. But if you owned GOOS stock, you couldn't have been pleased about the one-day plunge.This is why owning growth ETFs makes so much sense. By diversifying your growth-stock holdings through a fund, you're protecting your downside.Here are 10 growth ETFs to buy if you want to cut back on the risk of owning individual shares. SEE ALSO: The 19 Best ETFs for a Prosperous 2019
The first aspect to touch upon was the limitations of a market cap weighted index, which would then warrant the need for smart beta and factor strategies. While these indexes provided simple, low-cost solutions, the need for even greater scrutiny is necessary in the quest for more alpha —a case for smart beta. In addition, the simplicity of buying a broad-based market index has a concentration of risk, and should a market correction ensue comparable to that witnessed in the fourth quarter, investors are left vulnerable.
The S&P 500 just notched one of its best first-quarter performances on record and that was good news for growth stocks and ETFs. Consider the SPDR Portfolio S&P 500 Growth ETF (SPYG) , which is up nearly 16% year-to-date. SPYG, which tracks the S&P 500 Growth Index, has been adding new assets at an impressive pace.
ETFs dedicated to growth stocks, such as the SPDR Portfolio S&P 500 Growth ETF (NYSEArca: SPYG), could be solid ideas for investors as economic activity slows. While that notion may be a surprise to some ...
While value investing has garnered immense attention in volatile markets, growth stocks have more upside potential in the coming months, especially if the trade deal is reached.