Capture Some Growth With This ETF
Looking to score some growth stocks on the cheap? Rather than spend countless hours doing all the research on your own, one ETF might be able to help out and that is the PowerShares Value Line Timeliness Select ETF (NYSE: PIV).
PIV is well balanced across large, mid and small-cap growth. Large-cap growth accounts for just over 17% of PIV while mid-cap growth and small-cap growth names account for nearly 30% and 28% of PIV, respectively.
Value names across all three capitalizations balance out PIV. PIV tracks the Value Line Timeless Select Index and it should be noted that over the past three years this index has lagged the market by a fair margin and in the past year, PIV is up just under 10%.
Top holdings include familiar names such as Consol Energy (NYSE: CNX), Intuitive Surgical (Nasdaq: ISRG) and Boston Beer (NYSE: SAM). The expense ratio is 0.70% and cosnumer discretionary and IT names account for more than 57% of PIV's sector exposure. Healthcare is the only other sector with a double-digit weight in the ETF.
The bottom line is with just over $64 million in assets and thin volume, there are bigger, more liquid rivals to PIV, but PIV is still a compelling idea when market sentiment is clearly bullish.
