FilippoBacci
VanEck highlighted that mid-caps can be a potential “sweet spot” for investors as Wall Street looks for opportunities in the last few weeks of trading in 2023.
The exchange traded fund issuer argued that mid-caps are often overlooked in favor of large-cap household names and popular small-cap companies. However, the firm said the space can offer value and growth for the right investor.
“Mid-caps offer an attractive mix of characteristics from both larger and smaller cap stocks and are currently valued at a near 30% discount to their long-term average and an even greater relative discount to where large caps sit today,” VanEck said.
“Another attractive characteristic of mid-caps is differentiated sector exposures relative to large-caps, providing diversification and distinct drivers of growth. In particular, technology names tend to be much less prevalent in the mid-cap segment of the U.S. equity market, accounting for less than 15% of the universe,” the investment institution added.
For investors who believe in a similar line of logic, listed below are a grouping of mid-cap exchange traded funds that can be further analyzed.
Mid-Cap ETFs & YTD Performances
- Vanguard Mid-Cap ETF (NYSEARCA:VO) +6.7%
- iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) +6.2%
- iShares Russell Midcap ETF (NYSEARCA:IWR) +6.9%
- SPDR S&P Midcap 400 ETF Trust (NYSEARCA:MDY) +6.3%
- Vanguard Mid-Cap Value ETF (VOE) +0.6%
- Vanguard Mid-Cap Growth ETF (VOT) +13.8%
- iShares S&P Mid-Cap 400 Value ETF (IJJ) +3%
- iShares S&P Mid-Cap 400 Growth ETF (IJK) +9.3%