For investors seeking momentum, First Trust China AlphaDEX Fund (FCA - Free Report) is probably on radar now. The fund just hit a 52-week high of $26.59. Shares of FCA are up roughly 44.4% from their 52-week low price of $18.42/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:
FCA in Focus
The fund looks to track the performance of the NASDAQ AlphaDEX China Index. The fund has 51 stocks in total. Real Estate, Consumer Discretionary, Information Technology and Materials have a double-digit weight in the fund. The fund charges 80 bps in total fees (see all Asia-Pacific (Emerging) ETFs here).
Why the Move?
Sentiments around Chinese stocks have been upbeat lately. According to the official data released in mid-July, China's GDP, urban investment, factory output and retail sales data beat economists’ expectations. While China has been struggling with high debt levels, an improving economic outlook and higher external demand for Chinese products may help the country to fight its debt issue, as per the source.
More Gains Ahead?
The fund has a positive weighted alpha of 39.30. 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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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, First Trust China AlphaDEX Fund (FCA - Free Report) is probably on radar now. The fund just hit a 52-week high of $26.59. Shares of FCA are up roughly 44.4% from their 52-week low price of $18.42/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:
FCA in Focus
The fund looks to track the performance of the NASDAQ AlphaDEX China Index. The fund has 51 stocks in total. Real Estate, Consumer Discretionary, Information Technology and Materials have a double-digit weight in the fund. The fund charges 80 bps in total fees (see all Asia-Pacific (Emerging) ETFs here).
Why the Move?
Sentiments around Chinese stocks have been upbeat lately. According to the official data released in mid-July, China's GDP, urban investment, factory output and retail sales data beat economists’ expectations. While China has been struggling with high debt levels, an improving economic outlook and higher external demand for Chinese products may help the country to fight its debt issue, as per the source.
More Gains Ahead?
The fund has a positive weighted alpha of 39.30. 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 >>
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