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.
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 >>
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.
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 EMQQ - FREE