Vikash Jain, CFA
Vanguard Utilities ETF
VPU-N
TOP PICK
May 22, 2012
His theme today is Defensive. This particular ETF holds around 80 US utility companies. Diversified and solid business model. Has underperformed the Dow index year-to-date but feels it has strong legs now, great dividend and incredibly low volatility. 3.8% yield.
(A Top Pick May 22/12. Up 5.95%.) Picked this because it had more blue-chip stocks. The momentum could continue on but are starting to look more expensive so he would be cautious about jumping into this at this time. You could continue holding.