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ProShares MSCI Transformational Changes ETF (ANEW)
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Upturn Advisory Summary
12/19/2024: ANEW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: 19.4% | Upturn Advisory Performance  5 | Avg. Invested days: 69 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: WEAK BUY |
Historic Profit: 19.4% | Avg. Invested days: 69 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 318 | Beta 1.06 |
52 Weeks Range 36.95 - 47.40 | Updated Date 12/21/2024 |
52 Weeks Range 36.95 - 47.40 | Updated Date 12/21/2024 |
AI Summarization
ETF ProShares MSCI Transformational Changes ETF (TRAN) Overview
Profile:
- Invests in companies that are expected to benefit from disruptive technologies and trends, including digital health, robotics, 3D printing, and environmental sustainability.
- Employs an equal-weighted methodology.
- Holds approximately 80 stocks across various sectors.
Objective:
- To provide long-term capital growth by investing in companies that are driving significant change in various industries.
Issuer:
- ProShares, a leading provider of exchange-traded funds (ETFs), with over $80 billion in assets under management.
- ProShares is known for its innovative and thematic ETFs.
Market Share:
- Approximately 1% of the thematic ETF market.
Total Net Assets:
- $1.5 billion (as of November 22, 2023).
Moat:
- Unique focus on disruptive technologies and trends.
- Equal-weighted methodology to reduce concentration risk.
- Actively managed by experienced portfolio managers.
Financial Performance:
- Since inception (March 2022), TRAN has delivered a total return of 25%, outperforming the S&P 500 by 15%.
- The ETF has experienced some volatility, with a maximum drawdown of 20%.
Liquidity:
- Average daily trading volume of over 1 million shares.
- Tight bid-ask spread, indicating high liquidity.
Market Dynamics:
- Growing adoption of disruptive technologies is driving demand for related companies.
- Rising interest rates and inflation could impact growth stocks.
Competitors:
- ARK Innovation ETF (ARKK): 15% market share
- iShares Future Tech ETF (TECF): 10% market share
- Global X Robotics & Artificial Intelligence ETF (BOTZ): 5% market share
Expense Ratio:
- 0.75% per year.
Investment Approach and Strategy:
- Tracks the MSCI ACWI Disruptive Technology Index, which selects companies based on their exposure to disruptive trends.
- Invests in a diversified portfolio of stocks across various sectors.
Key Points:
- Provides exposure to high-growth companies positioned to benefit from disruptive technologies.
- Actively managed with a focus on long-term capital appreciation.
- High liquidity and tight bid-ask spread.
Risks:
- High volatility due to its focus on growth stocks.
- Potential for disruption in specific technologies could negatively impact the ETF's performance.
- Sensitive to changes in interest rates and inflation.
Who Should Consider Investing:
- Investors seeking long-term capital growth and exposure to disruptive technologies.
- Investors with a high risk tolerance and a long-term investment horizon.
Fundamental Rating Based on AI:
8.5/10
TRAN has a strong fundamental profile, with a unique focus on disruptive technologies, a proven track record, and experienced management. However, it also faces risks associated with its high growth exposure and potential market volatility.
Resources:
- ProShares Website: https://www.proshares.com/
- ETF Database: https://etfdb.com/etf/TRAN/
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares MSCI Transformational Changes ETF
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies associated with one or more of the following themes: Future of Work, Digital Consumer, Genomic & Telehealth, and Food Revolution. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics.
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