For investors seeking momentum, iShares Edge MSCI Min Vol Global ETF (ACWV - Free Report) is probably on the radar now. The fund just hit a 52-week high, which is up roughly 15.1% from its 52-week low price of $78.07/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.
ACWV in Focus
The fund measures the combined performance of equity securities in both emerging and developed markets that have lower absolute volatility. The fund has Johnson & Johnson, Waste Management and Nestle as its top three holdings. It charges 20 basis points (bps) in fees (see all world ETFs here).
Why the Move?
Renewed threats emanating from global growth worries and Brexit have energized the low-volatility corner of the global market of late. Notably, low volatility products have the potential to outpace the broader market in bearish conditions or in an uncertain environment, providing significant protection to the portfolio.
More Gains Ahead?
The fund has a positive weighted alpha of 9.10, which hints at more gains. So, there is definitely still some promise for those who want to ride this surging ETF a little longer.
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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 Edge MSCI Min Vol Global ETF (ACWV - Free Report) is probably on the radar now. The fund just hit a 52-week high, which is up roughly 15.1% from its 52-week low price of $78.07/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.
ACWV in Focus
The fund measures the combined performance of equity securities in both emerging and developed markets that have lower absolute volatility. The fund has Johnson & Johnson, Waste Management and Nestle as its top three holdings. It charges 20 basis points (bps) in fees (see all world ETFs here).
Why the Move?
Renewed threats emanating from global growth worries and Brexit have energized the low-volatility corner of the global market of late. Notably, low volatility products have the potential to outpace the broader market in bearish conditions or in an uncertain environment, providing significant protection to the portfolio.
More Gains Ahead?
The fund has a positive weighted alpha of 9.10, which hints at more gains. So, there is definitely still some promise for those who want to ride this surging ETF a little longer.
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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