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VHY

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1d
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Analysis and statistics

  • Open
    79.2975$
  • Previous Close
    78.6207$
  • 52 Week Change
    --
  • Day Range
    0.68$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

VHY.AU is the ticker symbol for the Vanguard High Yield Australian Shares ETF, which is traded on the Australian Securities Exchange (ASX). This ETF aims to track the return of the FTSE Australia High Dividend Yield Index before taking into account fees, expenses and tax. This index represents the performance of a portfolio of Australian companies that are forecasted to pay relatively high dividends. The fund provides investors with exposure to a diversified portfolio of high-yielding Australian shares, offering a potential income stream. By investing in VHY.AU, investors gain access to a basket of companies rather than needing to purchase individual stocks, reducing the specific risk of holding only a few companies.

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Factors

Dividend Yield: Higher dividend yields generally attract investors, potentially increasing demand and the ETF's price. Lower yields might lead to selling pressure.

Underlying Stock Prices: VHY.AU tracks an index of high-yielding Australian shares. The collective performance of these stocks directly impacts the ETF's Net Asset Value (NAV) and market price.

Market Sentiment: Overall market optimism or pessimism towards Australian equities can influence investor demand for VHY.AU, regardless of the underlying holdings' individual performance.

Interest Rates: Rising interest rates may make fixed-income investments more attractive, potentially reducing demand for dividend-focused ETFs like VHY.AU.

Management Fees: While relatively small, higher management fees can slightly reduce the ETF's total return compared to similar ETFs with lower fees.

Supply and Demand: Basic economic principles apply. High demand, limited supply pushes the price upwards, while excess supply and low demand cause a price decrease.

Currency Fluctuations: For international investors, the Australian dollar's exchange rate against their local currency affects the ETF's return.

Economic Conditions: A strong Australian economy generally supports corporate profitability and dividend payouts, potentially boosting VHY.AU's performance.

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