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World ETF (VT) Hits New 52-Week High
For investors seeking momentum, Vanguard Total World Stock ETF (VT - Free Report) is probably on radar now. The fund just hit a 52-week high and is up nearly 23.2% from its 52-week low price of $62.00/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:
VT in Focus
This ETF offers exposure to both foreign and U.S. stocks holding a large basket of 7954 securities. It has key holdings in American firms that account for nearly 55.6% share while Europe and Asia Pacific round off the top three with a double-digit exposure each. It charges 11 basis points in annual fees (see: all the World ETFs here).
Why the Move?
The global stock market has been an area to watch lately given that it registered the best start to 2018 in eight years with little signs of slowing down. The dual tailwinds of a pickup in economic activity in many parts of the world and robust corporate earnings are powering the rally. Rise in oil price as well as low inflation are also adding to the strength.
More Gains Ahead?
Currently, VT has a Zacks ETF Rank #3 (Hold) with a Low risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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