Vanguard High Dividend Yield Index ETF (NYSEMKT: VYM) has around $75 billion in assets. That’s a lot of money and it shows just how popular the dividend-focused exchange traded fund (ETF) is with investors. But is it the best dividend ETF you can buy? Here’s a nuanced look at the answer.
Vanguard High Dividend Yield Index ETF is an exchange-traded fund, which is a pooled product. Shareholders are giving their money to someone else to manage on their behalf. So the big question that investors have to answer is: What is being done with the money? Vanguard doesn’t make answering that question easy.
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