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EMQQ The Emerging Markets Internet & Ecommerce ETF (EMQQ) - free report >>
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EMQQ The Emerging Markets Internet & Ecommerce ETF (EMQQ) - free report >>
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Emerging Market Internet ETF (EMQQ) Hits New 52-Week High
For investors seeking momentum, Emerging Markets Internet & Ecommerce ETF (EMQQ - Free Report) is probably on radar now. The fund just hit a 52-week high of $35.57. Shares of EMQQ are up roughly 56.4% from their 52-week low price of $22.74/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:
EMQQ in Focus
The fund looks to track the performance of emerging market internet and ecommerce companies. The fund charges 86 bps in total fees (see all Broad Emerging Market ETFs here).
Why the Move?
Emerging market and e-commerce are two investing concepts that have been grabbing investors’ attention lately. The e-commerce bloc has bright prospects with the advancement of technology and Internet usage. Powered by the twin tailwinds, EMQQ– which measures the performance of the emerging market Internet and ecommerce companies – hit a 52-week high.
More Gains Ahead?
The fund has a positive weighted alpha of 47.90. A positive weighted alpha hints at more gains. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.
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