The 20 best cheap ETFs you can buy

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Investors can choose from thousands of exchange traded funds (ETFs), which means that choosing the best ETFs can be daunting.

More than a dozen funds follow well-known basic indexes, such as the Standard & Poor's 500 indexes, the Dow Jones Industrial Average and Russell 2000. Many other ETFs are attempting to exceed these benchmarks by carving out certain types of shares or bonds. focusing on things like the value or momentum of the stock price – anything that can give them an edge.

<p type = "text" content = "We chose & nbsp;The Kiplinger ETF 20& nbsp; With an eye on moderate fees, here is a list of the top 20 cheap ETFs to use to reach your investment goals. Our selections will give you a wide range of opinions, ranging from broad market exposure to a narrow tactic designed to help you fill specific gaps in your portfolio. Read on to find out more about these 20 ETF choices. "Data-reactid =" 22 "> We have selected the Kiplinger 20 ETF with the attractive fees in mind, making it a list of the top 20 best-selling ETFs to help you achieve your investment goals. will bring a wide range of opinions, ranging from broad market exposure to a close tactics designed to help you fill specific gaps in your portfolio.

<p type = "text" content = "The Standard & Poor's 500-stock index is synonymous with the US market and is the benchmark against which most large cap managers are actions such as Exxon Mobil & nbsp;XOM), & nbsp; Apple & nbsp; (AAPL) & & nbsp; Bank of America & nbsp; (LAC) Data-reactid = "31"> The Standard & Poor's 500 stock index is synonymous with the US market and is the benchmark against which most large cap managers are judged. Shares such as Exxon Mobil (XOM), Apple (AAPL) and Bank of America (BAC) dot its holdings.

<p type = "text" content = "The three S & amp 500 tracking funds are easily classified as cheap ETFs, however, the iShares Core S & amp;IVV, $ 294.47) has an essential structural advantage. The classic ETF & nbsp; S & P500 & nbsp; index – the & nbsp; SPDR S & amp; P 500 ETF Trust & nbsp; (SPY) – is structured as a unit trust. As such, the dividends on the underlying assets of SPY must be held in cash until they are distributed to shareholders. As an ETF, IVV can immediately reinvest its dividends, improving its performance. "Data-reactid =" 32 "> The three S & P 500 tracking funds easily rank as cheap ETFs, but the iShares Core S & P 500 (IVV, $ 294.47) fund has the classic S ET & P 500 – the SPDR S & P 500 ETF Trust (SPY) – is structured as a unit trust, so that dividends from the underlying assets of the SPY must be held in cash up to their distribution to shareholders As an ETF, IVV can immediately reinvest its dividends, improving its return.

<p type = "text" content = "iShares Core S & Mid-Cap & nbsp;IJH, $ 203.36) is the best pure game on shares of medium-sized companies, which offers almost all the benefits of small caps, but with much less risk, but which also has more upside potential than many large cap stocks. "data-reactid =" 36 "> The iShares Core S & P mid-cap (IJH, $ 203.36) the best pure-equity game of mid-sized companies, which offer almost all the benefits of small caps, but with much less risk, but also offer more upside potential than many large cap stocks.

According to data provided by Schwartz Investment Counsel, a $ 1,000 investment made in the S & P MidCap 400 Index on March 1, 1984 would have been worth $ 74,159 by the end of the first quarter of 2018. By comparison, the same $ 1,000 investment in large and small caps, respectively, are worth only $ 38,155 and $ 31,567.

Standard and Poor's excludes the financially low mid-caps of this index, which has allowed the index to outperform other mid-cap indices over the past 10 years.

<p type = "text" content = "Vanguard FTSE All-World former US Small Cap & nbsp;VSS, US $ 113.35) tracks an index of approximately 3,460 shares of small- and mid-cap companies in both developed and emerging markets. "Data-reactid =" 43 "> Vanguard FTSE All-World ex-small-cap (VSS, 113.35 USD) follows index composed of approximately 3,460 small and mid-cap stocks in developed and emerging markets.

Small cap stocks tend to be riskier than large caps. But this ETF has not been much more volatile than its large-cap counterpart. And, over the last three years, foreign large caps have averaged 0.9 points per year on average.

The majority of VSS holdings (37.8%) are developed European equities, with an additional 28.8% in Pacific developed countries and 12.9% in developed North America. The vast majority of the rest is invested in emerging markets.

<p type = "text" content = "Although value stocks are still, by definition, less expensive than growth stocks, the valuation gap between the two is among the largest since 1942. Value stocks tend to beat the growth stocks this cheap, which allows Vanguard Russell 2000 Value & nbsp;VTWV, $ 116.94) more convincing than a broad-based small-cap fund. "Data-reactid =" 49 "> Although value stocks are still, by definition, cheaper than growth stocks, the valuation gap between the two is one of the largest since. Value stocks tend to beat growth stocks when they are as cheap, which makes Vanguard Russell 2000 Value (VTWV, $ 116.94) more attractive than a broad-based small-cap fund.

<p type = "text" content = "At the moment, among the major holdings are the Idaho Idacorp utility (IDA), Louisiana Regional Bank, IberiaBank (IBKC) and Cree LED Specialist Inc. (CREE). "data-reactid =" 50 "> At the moment, major holdings include Idaho Utility Idacorp (IDA), IberiaBank Regional Bank (IBKC) and Cree LED Specialist Inc. (CREE).

<p type = "text" content = "Vanguard Total International Stock (VXUS, $ 54.38), which holds approximately 6,000 shares, is one of the cheapest ETFs to offer exposure to equities outside the United States. By weighting equities by market value, the largest companies dominate the fund; the median market value of its assets is $ 24 billion. "data-reactid =" 54 "> Vanguard Total International (VXUS, $ 54.38), which holds some 6,000 shares, is one of the cheapest ETFs to offer exposure to equities. outside the United States it weight stocks by market value, the largest companies dominate the fund, the median market value of its assets being $ 24 billion.

Overall, the fund holds approximately 83% of its assets in developed markets, with Japan leading with 17%. Emerging markets round out the total, with 19% in countries such as China, India and South Korea.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Total Vanguard Stock Market & nbsp;VTI, $ 150.61) gives you the entire US stock market – large, medium and small businesses. The fund follows the CRSP US Total Market Index, which includes some 3,600 stocks, making it much wider than the S 500 index. "Data-reactid =" 62 "> The total stock market of Vanguard (VTI, $ 150.61) gives you all of the US The market follows the CRSP US Total Market Index, which includes some 3,600 stocks, which makes it much broader than the S & P 500.

Nevertheless, large companies dominate the index and the fund's performance seldom deviates from the S & P index by more than a percentage point in a calendar year .

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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Schwab US Dividend Equity & nbsp;ECS, $ 53.71) invests only in companies that have paid dividends each year for at least 10 years, have a market value of at least $ 500 million and whose shares have a significant daily trading volume . Finally, only companies with the best relative financial strength, measured by four factors, including return on equity and the five-year dividend growth rate, achieve this reduction. Schwab US Dividend Equity (SCHD, $ 53.71) invests only in companies that have paid dividends each year for at least 10 years, have a market value of at least $ 500 million, with shares representing a significant daily trading volume Finally, only the companies with the best financial strength – as measured by four factors, including return on equity and dividend growth rate over five years were selected.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This leads to a portfolio of more than 120 actions, directed by Intel (INTC), Exxon and Pfizer (PFE). "data-reactid =" 68 "> This leads to a portfolio of more than 120 stocks, led by Intel (INTC), Exxon and Pfizer (PFE).

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Vanguard Dividend Appreciation (VIG, $ 111.66) is more about whether a company has regularly increased its annual dividend than the amount of the distribution. Vanguard Dividend Appreciation follows the index of large companies that have increased their annual payments for at least the last 10 consecutive years. Limited partnerships, real estate investment trusts (REITs) Companies in financial difficulty are not eligible for the ETF. "data-reactid =" 71 "> The Vanguard Dividend Appreciation (VIG, $ 111.66) appreciation is more related to the question of whether a company has consistently increased its annual dividend than to the size Vanguard Dividend appreciation follows an index of larger companies that have increased their annual payments for at least 10 consecutive years Limited partnerships, real estate investment trusts (REITs) and financially troubled companies are not eligible for the ETF.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The result is 182 companies mainly large American companies in a The portfolio is rebalancing once a month, as is the index it tracks, and its top three holdings are Microsoft (MSFT), Johnson & amp; Johnson (JNJ) and Walmart (WMT). "data-reactid =" 72 "> The result is 182 large US companies in a combination of industries, the stocks being weighted according to the market value of the fund.The fund is rebalanced once a month, just as The index that it follows. Its three main holdings are Microsoft (MSFT), Johnson & Johnson (JNJ) and Walmart (WMT).

According to Adam McCullough, a Morningstar analyst, the fund focuses on growth. The result is a better portfolio. "This reduces the fund's exposure to companies that may not be able to maintain their dividends, which is a risk that often accompanies a narrow focus on performance," he said. "

<h3 class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SEE ALSO: 25 Blue-Chip shares Mutual fund managers love the most"data-reactid =" 74 "> SEE ALSO: 25 Blue-Chip shares Mutual fund managers like the most

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "WisdomTree Global ex-US Quality Dividend Growth & # 39; s (DNL, $ 57.79) indicates that the group suggests investing in international companies that increase their dividends – and this is finally the case. "Data-reactid =" 77 "> The name of WisdomTree Global's ex-US Dividend Growth Quality (DNL, $ 57.79) suggests that it invests in international companies that increase their dividends – and ultimately, it does it takes a winding path to get there.

The fund invests in high-growth, high-quality and dividend-generating companies in emerging and developed countries. The quality screen ranks companies based on their historical return on equity and assets (both are measures of profitability). The growth screen zooms in on earnings growth forecasts over three to five years. "We created the same screens of quality and growth that Warren Buffett likes," said Jeremy Schwartz of WisdomTree.

The shares of the fund are weighted according to their share in the dividend flow of the index – the more they contribute, the higher their share of the fund's assets. The reason is that efficiently managed businesses with increasing revenues will likely increase dividends over time and have strong stocks.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Fidelity Index MSCI Industrials (FIDU, $ 40.41) is one of the best inexpensive ETFs for a single industry exposure. It tracks an index of 341 industrial companies, in sectors ranging from manufacturers of construction equipment and plant machinery to aerospace and transportation companies. These companies generally tend to see their sales rise in a strong economy and collapse when growth slows, making them good bets now. "Data-reactid =" 82 "> The Fidelity MSCI Industrials Index (FIDU, $ 40.41) is one of the best inexpensive ETFs for It tracks an index of 341 industrial companies, ranging from manufacturers of construction equipment and plant equipment to aerospace and transportation companies, these companies tend to see their sales increase in a strong economy and collapse when their growth slows, making them good bets now .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The fund is currently focusing on giants such as Boeing (BA), 3M (MMM) and Honeywell (HON). These companies make a large portion of their sales abroad and would benefit from strong economic growth abroad and a weaker US dollar, which also allows profits made in currencies to gain greater value when they are converted to US dollars. "Data-reactid =" 83 "> The fund is currently highlighting Boeing (BA), 3M (MMM) and Honeywell (HON), which generate a large portion of their sales abroad and would benefit from strong economic growth in the world. foreign exchange and a weaker US dollar, which also allows foreign currency earnings to earn more when converted to US dollars.

About one-third of the FIDU is small and medium-sized stocks. Small businesses offer greater exposure to sub-industries – such as electrical equipment, construction, and engineering – which adds to the fund's diversification. The fund's annual expense ratio of 0.08% is lower than any other industrial product ETF.

<h3 class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SEE ALSO: 25 actions that every retiree should have"data-reactid =" 85 "> SEE ALSO: 25 actions that every retiree should have

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SPDR Financial Selection Area & nbsp;XLF, $ 28.42) owns commercial banks such as JPMorgan (JPM) and Wells Fargo (WFC) as well as insurers, financial services companies and investment banks – a sector sensitive to the changes that Washington politicians could bring to both regulation and interest rates. "data-reactid =" 88 "> Financial Selection Sector SPDR (XLF, $ 28.42) owns commercial banks such as JPMorgan (JPM) and Wells Fargo (WFC) as well as insurers, financial services companies and Investment banks – a sector sensitive to the changes that Washington politicians could bring to both regulation and interest rates.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "But his main credit is Berkshire Hathaway (BRK.B), directed by Warren Buffett. Although Berkshire's large insurance unit gives it a large financial exposure, the company has interests in everything from food to railways. Whatever the political wind in Washington, Berkshire should prosper. "Data-reactid =" 89 "> But his main fund is Berkshire Hathaway (BRK.B), headed by Warren Buffett.But Berkshire's big insurance unit gives him a lot of it By his financial exposure, the society has interests in everything from food to railways. "Whatever the political stance in Washington, Berkshire should prosper.

Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Invesco Dynamic Large Cap Value & nbsp; (n)PWV, $ 37.87) follows an improved index of undervalued stocks. The ETF's stock plays a key role in such areas as earnings momentum, strong balance sheet performance and numerous dividend increases. The best performing stocks get the most weight. The result is a collection of 50 stocks that looks somewhat different from the fund's bogey, the Russell 1000 Value Index. Qualcomm (QCOM), Illinois Tool Works (ITW) and T-Mobile US (TMUS"data-reactid =" 92 "> Invesco Dynamic Large Cap Value (estimated at $ 37.87) follows an improved index of undervalued equities The ETF's shares play a key role in such measures as earnings balance sheet dynamism, balance sheet strength and history of dividend growth: the top-rated shares weigh heavily, resulting in a collection of 50 stocks that differs somewhat from the Bogey index of the fund, 39, the Russell 1000 Value Index, Qualcomm (QCOM), Illinois Tool Works (ITW) and T-Mobile US (TMUS) are among the holdings, but none of them are among the top 10 in the industry. Russell index.

PowerShares reorganizes holdings every three months to reflect changes in scores. A disadvantage of all this activity: annual fees are relatively high for an ETF.

<h3 class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SEE ALSO: 10 funds to buy for high yield preferred shares"data-reactid =" 94 "> SEE ALSO: 10 Funds to Buy for High Yield Equity Shares

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you want long-term growth of health stocks health care, but you fear a difficult landing for biotech stocks in the air, look no further. & nbsp; Invesco S & P 500 (RYH$ 203.40) & nbsp; take the 61 health care stocks of the S & P 500 and weights them equally. Thus, actions such as PerkinElmer (ICP) and HCA Healthcare (HCA) have as much to say in the performance of the company as companies such as Pfizer and CVS Health (CVS). "data-reactid =" 97 "> If you want long-term growth in healthcare stocks but fear a hard landing for the fast-growing biotechnology stock, look no further. equal weights Invesco S & P 500 (RYH) ($ 203.40) takes the 61 health sector securities of the S & P 500 and weights them equally, so that titles such as PerkinElmer (PKI) and HCA Healthcare (HCA) have as much to say in the company's performance as companies such as Pfizer and CVS Santé (CVS).

Biotech stocks account for 16% of the fund's assets, compared to 38% in the typical health care ETF.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "iShares Edge MSCI USA Momentum Factor & nbsp;MTUM, $ 118.56) holds a big slug of technology – about 41% at the moment. But it holds a range of other securities with good price momentum, including consumer discretionary (~ 20%) and financial services (~ 12%). "Data-reactid =" 101 "> Momentum factor of iShares Edge MSCI USA (MTUM, $ 118.56) currently holds a significant share of the technology (currently about 41%), but it also holds a whole series securities with strong price dynamics, particularly in the consumer discretionary (~ 20%) and financial services (~ 12%) sectors.

If technology stocks continue to climb, the aggression of this cheap ETF will benefit. But the fund will not lose as much as a pure technology ETF if the sector collapses.

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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "PIMCO Active Bond & nbsp;LINK, $ 102.31) is, as its name indicates, an actively managed ETF (most ETFs simply seek to match an index). The ETF is managed as Pimco's flagship mutual fund, Pimco Total Return (PTTDX). It is part of this list of the best cheap ETFs because of its relatively low expenses, compared to other active offerings of obligations. "Data-reactid =" 106 "> The PIMCO Active Bond component (BOND, $ 102.31) is, as its name suggests, actively managed ETFs (most ETFs are simply looking to match an index), managed as Pimco's flagship mutual fund, Pimco Total Return (PTTDX), which ranks among the best inexpensive ETFs due to its relatively low expenses, compared to other active obligations of the offerings.

The fund holds $ 2.1 billion in assets. the mutual fund, which was once the largest in the country, contains $ 73 billion.

Pimco has experienced much of the crisis in recent years with the resignation of co-founder Bill Gross, but we believe the company still has a lot of talent.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "We are fans of Jeffrey Gundlach, a comanager Philip Barach and Jeffrey Sherman, members of this actively managed ETF, are also responsible for DoubleLine Total Return Bond (DLTNX), who is a member of Kiplinger 25, the list of our preferred no-cost mutual funds – although the fund and the ETF are not clones. "data-reactid =" 111 "> We are fans of Jeffrey Gundlach, a co-manager of this actively managed ETF with Philip Barach, Jeffrey Sherman and himself also head of Kiplinger 25's DoubleLine Total Return Bond (DLTNX), the list of our open-ended open-end mutual funds (although the fund and the ETF are not clones).

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SPDR DoubleLine Total Return Tactical (TOTL, $ 47.11) draws on the views of Gundlach and his asset allocation team on the global economy and markets. Currently, the ETF invests primarily in bonds with a credit rating equal to or greater than BBB and which, in its opinion, is attractive. "Data-React =" 112 "> SPDR DoubleLine Total Return Tactical (TOTL, $ 47.11) relies on Gundlach and its asset allocation team, the global economy and markets. the ETF invests primarily in bonds with a credit rating greater than or equal to BBB and that it considers attractive in price.

But almost anything is allowed. The fund may invest in corporate debt securities, government bonds, floating rate securities, foreign and government indebtedness, and in the Gundlach Bailiwick – mortgage-backed securities and to assets. There are railings. No more than 25% of the net assets of the ETF may be invested in high yield debt securities, and no more than 15% in securities denominated in foreign currencies. But there is no cap on mortgage-backed securities. In the last annual report, 52.8% of the fund's assets were invested in MBS and 16.2% in Treasury securities.

DoubleLine Total Return Tactical provides a return of 3.4% and a duration of 4.7 years, which means that if the rates fall by 1 percentage point, the net asset value of the fund will fall by 4.7%.

<h3 class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SEE ALSO: 7 dividend ETFs that do it differently"data-reactid =" 115 "> SEE ALSO: 7 dividend ETFs that do it differently

Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Invesco Senior Loan Portfolio (BKLN, $ 23.11) includes loans made by banks to highly indebted and low credit companies. These poorly rated borrowers are charged "variable" interest rates that are generally tied to a short-term benchmark: the interbank offered rate in London, or LIBOR. "Data-reactid =" 118 "> Invesco Senior Loan Portfolio (BKLN, $ 23.11) holds loans from banks to highly indebted companies with a poor credit rating. These poorly rated borrowers are charged "variable" interest rates that are generally tied to a short-term benchmark: the interbank offered rate in London, or LIBOR.

When LIBOR exceeds a certain level, the rates of these loans increase, which helps them to better preserve their value than bonds.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "We add Pimco Enhanced Low Duration Active (LDUR, $ 99.58) to align the Kip ETF 20 to defend against rising rates. The fund's managers – Hozef Arif, David Braun and Jerome Schneider – are veterans of Pimco. Their objective is to limit the sensitivity of the portfolio to interest rate movements. "Data-reactid =" 122 "> We add Pimco Enhanced Low Duration Active (LDUR, $ 99.58) to the list of Kip ETF 20 as a way to defend against rising rates Fund managers – Hozef Arif, David Braun and Jerome Schneider – are veterans of Pimco and their goal is to maintain the portfolio's sensitivity to interest rate fluctuations.

The ETF currently has a duration of 1.52 years. This implies that if interest rates rise by 1 percentage point, the net asset value of the fund would fall by about 1.5%. Compare this with the nearly six-year duration of the broad bond market, the aforementioned Agg index.

The Fund's performance is driven in part by investment grade corporate debt, mortgage-backed securities, and low exposure to emerging and high-yield corporate debt.

<h3 class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SEE ALSO: 6 large, low-cost bond funds"data-reactid =" 125 "> SEE ALSO: 6 excellent low-cost bond funds

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Bond iShares Ultra Short-Term (ICSH, $ 29.00) is an actively managed fund that offers a combination of high quality bonds with maturities ranging from 1 to 3 years. "Data-reactid =" 128 "> iShares Ultra Short Term Bond (ICSH, $ 29.00) is an actively managed strategy This fund offers a combination of high quality bonds with maturities ranging from one to three years.

Approximately 82% of the portfolio – a combination of short-term corporate notes, high-quality floating rate notes and certain certificates of deposit – is rated at a rating of one or more. (Les notations «investment grade» commencent à un triple B et atteignent un triple A). En outre, la duration du fonds est de 0,39 an (mesure de la sensibilité aux taux d&#39;intérêt). Cela signifie que si les taux devaient augmenter d&#39;un point de pourcentage, la valeur liquidative du fonds chuterait de 0,39% (les rendements et les prix évolueraient dans des directions opposées).

<p class = "toile-atome toile-texte Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Lien international total de Vangaurd (BNDX, 54,50 $) suit un indice des obligations étrangères. Mais malgré son nom, ce FNB obligataire bon marché n’investit pas dans tous les titres de créance internationaux. Le fonds se concentre plutôt sur les obligations de qualité supérieure de première qualité. Le portefeuille est principalement constitué de titres de créance gouvernementaux et quasi-gouvernementaux principalement dans les pays développés (3,9% des actifs du portefeuille sont toutefois investis dans des titres de créance de marchés émergents). "Data-reactid =" 132 "> Vangaurd Total International Bond (BNDX, 54,50 $) suit un indice d’obligations étrangères mais, malgré son nom, ce FNB obligataire bon marché n’investit pas dans tous les titres de créance internationaux, mais se concentre sur les obligations de qualité supérieure de première qualité. principalement des emprunts d’États et quasi-gouvernementaux, émis principalement dans des pays développés (3,9% des actifs du portefeuille sont toutefois investis dans des emprunts de marchés émergents, au dernier rapport).

Parce que le fonds détient des obligations émises en devises locales et non en dollars américains, Total International Bond se protège contre le risque de change, ce qui le distingue des autres fonds obligataires mondiaux. Wyatt Lee, du groupe T. Rowe Price, a déclaré que la couverture "adoucit le mouvement", notant que "la monnaie (les fluctuations) peut doubler la volatilité d&#39;un fonds obligataire mondial".

La mise en garde porte sur la duration de près de 8 ans du fonds, impliquant une baisse de 8% de la valeur liquidative pour chaque hausse de 1 point des taux. Bien que les taux d&#39;intérêt à l&#39;étranger soient actuellement bas et devraient le rester pour le moment – en particulier au Japon et en Europe, où une grande partie des actifs du fonds sont investis -, lorsque les taux d&#39;intérêt augmentent finalement, les rendements peuvent baisser.

Nous allons garder un oeil sur cela.

<h3 class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SEE ALSO: Les meilleurs courtiers en ligne"data-reactid =" 136 "> VOIR AUSSI: Les meilleurs courtiers en ligne

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "CHOICE OF EDITOR
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