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 looking for momentum, iShares MSCI Singapore ETF (EWS - Free Report) is probably on your radar now. The fund just hit a 52-week high and shares of EWS are up roughly 15.4% from their 52-week low price of $19.86/share.
But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
EWS in Focus
EWS focuses on providing exposure to Singapore’s equity market. The fund has a large-cap focus with key holdings in the Financials, Real Estate, and Industrials sectors, with 36.15%, 19.97%, and 18.80% allocation, respectively (as of April 25, 2017). EWS charges investors 48 basis points a year in fees. Its top holdings include DBS Group Holdings Ltd, Singapore Telecommunications Ltd, and Oversea-Chinese Banking Ltd with almost 34% of the assets allocated to them (see all the Asia Pacific ETFs here).
Why the move?
The benchmark Straits Times Index rose in five consecutive sessions amid increased global optimism due to the results of the first run-off of the French presidential elections. Favorable earnings performance of component companies led by real estate and banking sectors coupled with rising crude prices benefited the equities in the region.
More Gains Ahead?
Currently, EWS has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. So it is hard to get a handle on its future returns one way or another. The fund has a weighted alpha of 8.4 and a low 14-day standard deviation of 8.04%. So there is still some promise for those who want to ride this surging ETF a little further.
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
Singapore ETF (EWS) Hits New 52-Week High
For investors looking for momentum, iShares MSCI Singapore ETF (EWS - Free Report) is probably on your radar now. The fund just hit a 52-week high and shares of EWS are up roughly 15.4% from their 52-week low price of $19.86/share.
But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
EWS in Focus
EWS focuses on providing exposure to Singapore’s equity market. The fund has a large-cap focus with key holdings in the Financials, Real Estate, and Industrials sectors, with 36.15%, 19.97%, and 18.80% allocation, respectively (as of April 25, 2017). EWS charges investors 48 basis points a year in fees. Its top holdings include DBS Group Holdings Ltd, Singapore Telecommunications Ltd, and Oversea-Chinese Banking Ltd with almost 34% of the assets allocated to them (see all the Asia Pacific ETFs here).
Why the move?
The benchmark Straits Times Index rose in five consecutive sessions amid increased global optimism due to the results of the first run-off of the French presidential elections. Favorable earnings performance of component companies led by real estate and banking sectors coupled with rising crude prices benefited the equities in the region.
More Gains Ahead?
Currently, EWS has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. So it is hard to get a handle on its future returns one way or another. The fund has a weighted alpha of 8.4 and a low 14-day standard deviation of 8.04%. So there is still some promise for those who want to ride this surging ETF a little further.
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 >>