We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, iShares Core Moderate Allocation ETF (AOM - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 67.7% from its 52-week low price of $21.50/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.
AOM in Focus
AOM focuses on the performance of the S&P's proprietary moderate target risk allocation model. The product has 57.62% bond holdings and the rest is invested in equities. Geography-wise, U.S. has about 63.61% weight followed by Japan (5.73%) and U.K. (4.08%).
AOM charges investors 23 basis points a year in fees and has top holdings in iShares Core Total USD Bond Market ETF (IUSB - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) and iShares Core U.S. Treasury Bond ETF (GOVT - Free Report) (see all technology ETFs here).
Why the Move?
A downbeat reading on productivity and alower-than-expected GDP report for the second quarter refrained investors from expecting a near-term Fed rate hike. All in all, the U.S. economy is on the mend, but still has a long way to go.
On the other hand, the fear of a bubble forming in the stock market has left some investors edgy and pushed them toward a more balanced and diversified approach like multi-asset ETFs. This kind of sentiment prevailing in the investing world explains why AOM hit a high lately.
More Gains Ahead?
The fund has a positive weighted alpha of 4.80. Since a positive weighted alpha hints at more gains, this surging ETF can be tried a little further, especially if the market remains rocky.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Multi-Asset ETF (AOM) Hits a 52-Week High
For investors seeking momentum, iShares Core Moderate Allocation ETF (AOM - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 67.7% from its 52-week low price of $21.50/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.
AOM in Focus
AOM focuses on the performance of the S&P's proprietary moderate target risk allocation model. The product has 57.62% bond holdings and the rest is invested in equities. Geography-wise, U.S. has about 63.61% weight followed by Japan (5.73%) and U.K. (4.08%).
AOM charges investors 23 basis points a year in fees and has top holdings in iShares Core Total USD Bond Market ETF (IUSB - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) and iShares Core U.S. Treasury Bond ETF (GOVT - Free Report) (see all technology ETFs here).
Why the Move?
A downbeat reading on productivity and alower-than-expected GDP report for the second quarter refrained investors from expecting a near-term Fed rate hike. All in all, the U.S. economy is on the mend, but still has a long way to go.
On the other hand, the fear of a bubble forming in the stock market has left some investors edgy and pushed them toward a more balanced and diversified approach like multi-asset ETFs. This kind of sentiment prevailing in the investing world explains why AOM hit a high lately.
More Gains Ahead?
The fund has a positive weighted alpha of 4.80. Since a positive weighted alpha hints at more gains, this surging ETF can be tried a little further, especially if the market remains rocky.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>