ETFs & Markets with Todd Sohn: 3 Contrarian ETF Ideas for 2024

12/13/2023

Loading video...

Strategas Asset Management ETF Strategist Todd Sohn offers three potential contrarian ideas for 2024 based on flows, improving trends, and risk appetite.

Index Definitions:

The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States.

The SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that seeks to track the performance of the S&P 500 index.

The iShares Core MSCI Europe ETF (IEUR) seeks to track the investment results of an index composed of large-, mid- and small-capitalization European equities.

The Invesco S&P 500® Equal Weight Industrials ETF (RSPN) seeks to track the investment results (before fees and expenses) of the S&P 500® Equal Weight Industrials Index (the "underlying index").

The Invesco S&P 500 Equal Weight ETF (RSP) tracks an equal-weighted index of S&P 500 companies.

The Invesco S&P 500® Equal Weight Health Care ETF (RSPH) seeks to track the investment results (before fees and expenses) of the S&P 500® Equal Weight Health Care Index (the "underlying index").

The Health Care Select Sector SPDR® Fund (XLV) tracks health care stocks from within the S&P 500 Index, weighted by market cap.

This communication was prepared by Strategas Asset Management, LLC ("we" or "us" or “our”). This communication represents our views as of 12/11/2023, which are subject to change, and are presented for illustrative purposes only. The information contained herein has been obtained from sources we believe to be reliable, but no guarantee of accuracy can be made. This communication is provided for informational purposes only and should not be construed as an offer, recommendation, nor solicitation to buy or sell any specific security, strategy, or investment product. This communication does not constitute, nor should it be regarded as, investment research or a research report or securities recommendation and it does not provide information reasonably sufficient upon which to base an investment decision. This is not a complete analysis of every material fact regarding any company, industry, or security. Additional analysis would be required to make an investment decision. This communication is not based on the investment objectives, strategies, goals, financial circumstances, needs or risk tolerance of any particular client and is not presented as suitable to any other particular client. Past performance does not guarantee future results. All investments carry some level of risk, including loss of principal.

Strategas Asset Management, LLC is an SEC Registered Investment Adviser affiliated with Strategas Securities, LLC, a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser. Both Strategas Asset Management, LLC and Strategas Securities, LLC are affiliated with Robert W. Baird & Co. Incorporated ("Baird"), a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser, although the firms conduct separate and distinct businesses.