For investors seeking momentum, iShares Core MSCI Emerging Markets ETF (IEMG - Free Report) is probably on radar. The fund just hit a 52-week high and is up 84% from its 52-week low of $35.66 per 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.
IEMG in Focus
This ETF offers exposure to a broad range of emerging market companies. It has key holdings in information technology, consumer discretionary, financials and communications. Among the emerging countries, China takes the top spot at nearly 35% share while South Korea and Taiwan round off the next two spots with a double-digit exposure each. The fund charges 11 bps in fees per year (see: all the Broad Emerging Market ETFs here).
Why the Move?
The emerging markets have been an area to watch lately given their outperformance over the past few months. The super-easy policies, wider rollout of COVID-19 vaccines and Joe Biden’s victory in the U.S. presidential election has bolstered confidence into riskier assets. The administration is looking for a bigger fiscal package and infrastructure spending that would lead to increased demand for metals and industrial products from companies in the emerging markets.
More Gains Ahead?
Currently, IEMG has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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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 >>
For investors seeking momentum, iShares Core MSCI Emerging Markets ETF (IEMG - Free Report) is probably on radar. The fund just hit a 52-week high and is up 84% from its 52-week low of $35.66 per 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.
IEMG in Focus
This ETF offers exposure to a broad range of emerging market companies. It has key holdings in information technology, consumer discretionary, financials and communications. Among the emerging countries, China takes the top spot at nearly 35% share while South Korea and Taiwan round off the next two spots with a double-digit exposure each. The fund charges 11 bps in fees per year (see: all the Broad Emerging Market ETFs here).
Why the Move?
The emerging markets have been an area to watch lately given their outperformance over the past few months. The super-easy policies, wider rollout of COVID-19 vaccines and Joe Biden’s victory in the U.S. presidential election has bolstered confidence into riskier assets. The administration is looking for a bigger fiscal package and infrastructure spending that would lead to increased demand for metals and industrial products from companies in the emerging markets.
More Gains Ahead?
Currently, IEMG has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely 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 >>
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 >>
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