MDYGETF

MDYG, a passively managed mid-cap growth ETF with $2.81 billion in assets, offers low-cost exposure to mid-cap growth stocks with a 0.15% expense ratio. The fund has returned 13.11% year-to-date and 14.87% over the past year, with a medium risk profile (beta of 1.06). It holds a Zacks ETF Rank of 2 (Buy) and is recommended as an excellent option for mid-cap growth investors, though alternatives like VOT and IWP offer comparable exposure.

U.S. PCE inflation came in softer than expected in August at 3.4% annually, easing Fed rate hike concerns and pushing markets to expect a December increase rather than October. Q2 GDP was revised upward to 2.2%, showing economic resilience. The article recommends five growth ETFs trading at lower P/E multiples than the S&P 500 as potential beneficiaries of lower interest rate expectations.