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iShares Core Aggressive Allocation ETF (AOA) - free report >>
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iShares Core Aggressive Allocation ETF (AOA) - free report >>
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iShares Core Aggressive Allocation (AOA) Hits New 52-Week High
For investors seeking momentum, iShares Core Aggressive Allocation (AOA - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 17% from its 52-week low price of $43.77/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:
AOA in Focus
The fund looks to track the investment results of an index made up of a portfolio of underlying equity and fixed income funds intended to represent an aggressive target risk allocation strategy. The fund charges 25 bps in fees (see: all total portfolio ETFs here).
Why the Move?
The global markets are on an uptrend, barring some occasional hiccups. Sentiments are pretty bullish at the current level courtesy of the Trump-induced optimism and economic rebound in several economies. Probably this is why the fund, which focuses on more aggressive risk considerations while offering exposure to a wide array of global bonds and stocks, gained investor attention lately.
More Gains Ahead?
The fund seems to continue with its strength given a positive weighted alpha of 13.00. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF a little further.
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