Mid-Cap ETFs Looking Good Amid Market Uncertainties
Zacks Investment Research | Sep 10, 2021 03:00AM ET
Wall Street has of late been surprising with rallies despite rising delta variant cases. Investors are however on the edge considering certain factors that might impact the current investing environment. Factors like surging delta variant cases and the Federal Reserve meeting where it might announce its plan to taper bond purchases are also raising worries. U.S. consumers also seem worried about the sustainability of economic recovery from the pandemic-led slump, surging delta variant threat and increasing inflation levels.
Intensifying investors’ concerns further, September is historically considered the worst-performing month for Wall Street. Meanwhile, analysts expect a market correction in September. According to the LPL Financial (NASDAQ:LPLA) data published in a Yahoo Finance article, the S&P 500 has fallen about 1%, on average, in September since 1950.
Certain economic data releases have also turned out to be very disappointing. The U.S. economy added only 235,000 jobs in August 2021 (the lowest in seven months). The metric was far behind the forecast of 750,000 as a surge in COVID-19 infections probably kept companies from hiring and workers from actively looking for a job (per a CNBC article). The U.S. unemployment rate declined to 5.4% in July 2021SCHM
The fund’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Mid-Cap Total Stock Market Index. It has AUM of $10.09 billion and charges a fee of 4 bps.
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