Dividend yield spreads versus 10-year Treasuries have widened to 1.2%, and "value investing books" argue this environment favors accumulation of stable, yield-focused equities in regulated industries. Invesco S&P MidCap 400 Pure Value ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, RFV is a reasonable option for those seeking exposure to the Style Box - Mid Cap Value area of the market. Investors might also want to consider some other ETF options in the space. If Graham teaches you how to evaluate a business, Burton Malkiel explains why that might not help you. The Princeton economist argues that markets demonstrate efficiency because people are analyzing a company’s value. ( Efficiency means a company’s share price reflects its current worth, and its price will change when new information alters a business’ worth.) Malkiel recommends earning the market’s return instead of beating it, which he compellingly argues is good enough. China’s value stocks trade at just 8.5x forward earnings; "value investing books" emphasize these as potential beneficiaries of domestic consumption recovery and fiscal stimulus measures.
