We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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, PureFunds ISE Mobile Payments ETF (IPAY - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 32% from its 52-week low price of $20.00/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:
IPAY in Focus
This ETF tracks the ISE Mobile Payments Index to provide exposure to the performance of companies engaged in the mobile/electronic payments business. This approach results in the fund holding a basket of 31 stocks. As far as geographical concentration is concerned, the fund is heavy on the U.S. with about 84% focus followed by U.K. (4.64%) and France (3.12%).It charges investors 75 basis points a year in fees (see all the technology ETFs here).
Why the Move?
The gradual shift to online from physical payments globally has benefitted this ETF. As per Global X, digital payments are expected to expand 58% from $635 billion in 2014 to $1 trillion in 2019. Also, the Indian government lately withdrew high-denomination banknotes – 500 rupee and 1000 rupee notes – in circulation, as part of a clampdown against illegal money and corruption. As a result, digital payments rose about 43% in December from November in India. All these are creating a great situation for those in the digital payment segment.
More Gains Ahead?
It seems that IPAY might continue with its strength given a positive weighted alpha of 17.60. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF a little further.
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Mobile Payment ETF (IPAY) Hits New 52-Week High
For investors seeking momentum, PureFunds ISE Mobile Payments ETF (IPAY - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 32% from its 52-week low price of $20.00/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:
IPAY in Focus
This ETF tracks the ISE Mobile Payments Index to provide exposure to the performance of companies engaged in the mobile/electronic payments business. This approach results in the fund holding a basket of 31 stocks. As far as geographical concentration is concerned, the fund is heavy on the U.S. with about 84% focus followed by U.K. (4.64%) and France (3.12%).It charges investors 75 basis points a year in fees (see all the technology ETFs here).
Why the Move?
The gradual shift to online from physical payments globally has benefitted this ETF. As per Global X, digital payments are expected to expand 58% from $635 billion in 2014 to $1 trillion in 2019. Also, the Indian government lately withdrew high-denomination banknotes – 500 rupee and 1000 rupee notes – in circulation, as part of a clampdown against illegal money and corruption. As a result, digital payments rose about 43% in December from November in India. All these are creating a great situation for those in the digital payment segment.
More Gains Ahead?
It seems that IPAY might continue with its strength given a positive weighted alpha of 17.60. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF a little further.
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 >>