|Expense Ratio (net)||0.78%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Above Average|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Jul 29, 1985|
May’s jobs report made a pretty picture of an economy with opportunities for almost everyone. The United States added 223,000 jobs last month, exceeding analysts’ estimates. Such a feat was achieved despite questions about employers’ ability to find skilled labor.
On Apr 6, Jerome Powell in his first speech as the Fed Chairman said that the economy has registered strong growth and that gradual rate increases are necessary. Additionally, the incoming New York Fed Chief or Fed Vice-Chair John Williams echoed Powell. Moreover, some of the policymakers now expect not just two but even three more rate hikes in 2018.Source: Shutterstock
Financial funds are expected to perform favorably in recent times following the Fed's interest rate hikes and Fed Chair's statement
In the recently concluded meeting, Fed indicated that there might be a rate hike in March. We, thus, present four funds that would benefit from a likely rate hike.