Q: Hi, Pat. I am a longtime Inner Circle member and I would like your opinion on two Vanguard consumer ETFs—VDC and VCR. Thanks.

A: Vanguard Consumer Discretionary ETF, $159.56, symbol VCR on New York, aims to track the MSCI US IMI Consumer Discretionary 25/50 Index. That index follows U.S. consumer discretionary companies. Those firms, in the manufacturing and service industries, are highly sensitive to economic cycles. The manufacturing… Read More