Highly Defensive PerformIdex: 35 Stocks to Outpace the Markets
The accompanying table presents a quarterly update of my Highly Defensive PerformIdex, with an average beta of 0.72 and a market cap-weighted total return of 7.9% over the past year, outpacing the overall market and ETF peer group -- except for Vanguard Consumer Staples (VDC) ETF with an 8% total return over this period. Two companies received buyout offers in the past three months, including Genentech (DNA) and Anheuser-Busch (BUD), which were replaced by Amgen (AMGN) and Brown-Forman (BF-B), respectively.
As previously, the market cap-weighted index consists of 35 US and Canadian-based companies over $5 billion market caps [USD] from the following industry groups: [A] Grocery Stores (2); [B] Consumer Staples (11); [C] Health Benefit Providers (3); [D] Consumer Healthcare Products (3); [E] Utilities (3); [F] Telecom Services (2); [G] Commodities (4); [H] At-Home Entertainment (3); [I] Aerospace & Defense (2); and [J] Mass Merchants (2). As a new ETF idea, the Highly Defensive PerformIdex would provide investors with a systematic investment vehicle of leading companies from defensive industry groups beyond current offerings focused on just consumer staples or high-dividend stocks.
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