We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, iShares Global Consumer Staples ETF (KXI - Free Report) is probably on radar. The fund just hit a 52-week high and is up 21.1% from its 52-week low of $52.79 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 of where it might be headed:
KXI in Focus
iShares Global Consumer Staples ETF offers exposure to companies that produce essential products, including food and household items. KXI charges 40 bps in annual fees (see: all the Consumer Staples ETFs here).
Why the Move?
The consumer staples segment of the broad investing world has been an area to watch lately, given recession fears and weak earnings. The consumer staples sector generally acts as a safe haven amid political and economic turmoil. This is because the goods and services in this sector see steady demand even during an economic downturn due to their low level of correlation with economic cycles. Stocks in these sectors generally outperform during periods of low growth and high uncertainty.
More Gains Ahead?
Currently, KXI might remain strong given a weighted alpha of 7.50 and 20-day volatility of 6.22%. As a result, there is definitely still some promise for risk-aggressive investors, who want to ride on this surging ETF.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Consumer Staples ETF (KXI) Hits New 52-Week High
For investors seeking momentum, iShares Global Consumer Staples ETF (KXI - Free Report) is probably on radar. The fund just hit a 52-week high and is up 21.1% from its 52-week low of $52.79 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 of where it might be headed:
KXI in Focus
iShares Global Consumer Staples ETF offers exposure to companies that produce essential products, including food and household items. KXI charges 40 bps in annual fees (see: all the Consumer Staples ETFs here).
Why the Move?
The consumer staples segment of the broad investing world has been an area to watch lately, given recession fears and weak earnings. The consumer staples sector generally acts as a safe haven amid political and economic turmoil. This is because the goods and services in this sector see steady demand even during an economic downturn due to their low level of correlation with economic cycles. Stocks in these sectors generally outperform during periods of low growth and high uncertainty.
More Gains Ahead?
Currently, KXI might remain strong given a weighted alpha of 7.50 and 20-day volatility of 6.22%. As a result, there is definitely still some promise for risk-aggressive investors, who want to ride on this surging ETF.