Vanguard Materials Index Fund Admiral Shares (VMIAX)
Vanguard Materials Index Fund Admiral Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $113.88, up 0.45% on the session, giving a market capitalisation of $4.43B. Its beta of 0.98 implies it has historically moved less than the broad market.
This economical index fund tracks the performance of the American materials industry, investing in companies primarily engaged in raw material processing. Its principal vulnerability stems from its concentrated strategy, as it exclusively holds stocks within this single sector. Investors should thus anticipate significant price fluctuations. Given this specialized focus, it is advisable to incorporate this fund merely as a minor component of an already comprehensively diversified investment portfolio.
Vanguard Materials Index Fund Admiral Shares is most often compared with the following Financial Services names: