New Trade for May 1st, 2023

Investing in a fund fixed on growth can help diversify your portfolio while reducing your risk. Choosing the right basket of growth stocks can help maximize your earnings while tapping into a wide array of companies from industries with high growth potential, like information technology and financial services. Today we’ll highlight a top-rated large-cap growth investment for our readers who want to reap the benefits of stocks with high growth potential while cutting back on exposure to the risk involved with individual stocks. 

Legacy Research:

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The Schwab US Large-Cap Growth ETF (SCHG) is a low-cost option for those looking to diversify into growth through a basket of large-cap equities. The fund tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market index.  

Unlike the technology-focused Invesco QQQ Trust (QQQ), SCHG offers exposure to companies from many growth-oriented sectors. There is, of course, a sector bias toward tech, which makes up about 41% of the portfolio spread among consumer discretionary, communication services, health care, and other sectors. Of the remaining 59%, industrials, health care, energy, and consumer goods receive equal weighting.  

The fund selects its growth stocks from 750 of the largest companies (by market cap) based on fundamental factors, including projected earnings growth as well as trailing revenue and earnings growth.  Since it draws from a larger selection universe, SCHG has a significant mid-cap tilt.  The index rebalances quarterly and undergoes an annual reconstitution in September.  

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