For investors seeking momentum, iShares Core U.S. Aggregate Bond ETF (AGG - Free Report) is probably a suitable pick. The fund just hit a 52-week high, up roughly 7.3% from its 52-week low of $106.61/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
AGG in Focus
The fund provides broad exposure to U.S. investment-grade bonds and tracks the BBG Barc U.S. Aggregate Index. AGG is charging 5 bps in fees. The fund has amassed $71.95 billion in AUM (see all Total Bond Market ETFs here).
Why the Move?
The coronavirus has spread really fast over the past week and has infected peoplein United Arab Emirates, India, Hong Kong, Australia, Malaysia, Thailand, France, Japan, Taiwan, Vietnam, Singapore, South Korea, Macao and Nepal, with its epicenter in Wuhan, China. Thus, the panic in global markets is adding to the lure of safer investment picks other than equity investing. This fund is an appropriate core holding for investors seeking exposure to total market bonds. The ETF primarily seeks protection of invested capital along with the scope of maximizing total income in the form of interest and capital appreciation.
More Gains Ahead?
Currently, it seems that AGG might remain strong given a positive weighted alpha of 6.60.
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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 U.S. Aggregate Bond ETF (AGG - Free Report) is probably a suitable pick. The fund just hit a 52-week high, up roughly 7.3% from its 52-week low of $106.61/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
AGG in Focus
The fund provides broad exposure to U.S. investment-grade bonds and tracks the BBG Barc U.S. Aggregate Index. AGG is charging 5 bps in fees. The fund has amassed $71.95 billion in AUM (see all Total Bond Market ETFs here).
Why the Move?
The coronavirus has spread really fast over the past week and has infected peoplein United Arab Emirates, India, Hong Kong, Australia, Malaysia, Thailand, France, Japan, Taiwan, Vietnam, Singapore, South Korea, Macao and Nepal, with its epicenter in Wuhan, China. Thus, the panic in global markets is adding to the lure of safer investment picks other than equity investing. This fund is an appropriate core holding for investors seeking exposure to total market bonds. The ETF primarily seeks protection of invested capital along with the scope of maximizing total income in the form of interest and capital appreciation.
More Gains Ahead?
Currently, it seems that AGG might remain strong given a positive weighted alpha of 6.60.
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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