Investors seeking momentum may have iShares Global Consumer Staples ETF (KXI - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of KXI are up approximately 40.4% from their 52-week low of $41.46/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
KXI in Focus
The fund looks to provide exposure to the global consumer staples sector, including allocations to United States (52.84%) and international stocks.The United Kingdom (10.67%), Switzerland (9.45%) and Japan (6.84%) take the next three spots. It charges 46 bps in fees.
Why the Move?
As markets are facing an alarming threat for the second wave of coronavirus, the lure for safe sectors like consumer staples has charged up globally.
More Gains Ahead?
The fund has a positive weighted alpha of 10.80. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade 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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors seeking momentum may have iShares Global Consumer Staples ETF (KXI - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of KXI are up approximately 40.4% from their 52-week low of $41.46/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
KXI in Focus
The fund looks to provide exposure to the global consumer staples sector, including allocations to United States (52.84%) and international stocks.The United Kingdom (10.67%), Switzerland (9.45%) and Japan (6.84%) take the next three spots. It charges 46 bps in fees.
Why the Move?
As markets are facing an alarming threat for the second wave of coronavirus, the lure for safe sectors like consumer staples has charged up globally.
More Gains Ahead?
The fund has a positive weighted alpha of 10.80. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade 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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on KXI - FREE