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This growth ETF is appropriate for medium- to long-term investors. Growth funds generally consist of stocks that have higher price-to-book ratios and higher estimated growth than the other stocks.The U.S. economy rebounded in the second half of 2016 led by better economic indicators. Trumps’ win bolstered hopes of more fiscal spending and tax cuts, resulting in an increase in inflationary expectations. Since RPG focuses on large caps, it mitigates some risk factors that accompany growth stocks.A moderation in the greenback despite faster Fed rate hikes in 2017 compared to previous years can be positive to these stocks and the fund. Large-cap stocks have greater exposure to foreign economies and are thus susceptible to negative currency translations. Plus, global growth is also looking up. This is a positive for the fund. However, political uncertainty related to Trump's proposed policies is a negative for the fund.

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