ProShares MSCI Transformational Changes ETF (ANEW)

Overview

The ProShares MSCI Transformational Changes ETF (ANTE) seeks to provide investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index. It focuses on companies expected to benefit from transformational changes, including themes like genomic revolution, future of work, and environmental transformation.

Reputation and Reliability

ProShares is a well-known and established ETF issuer, particularly recognized for its leveraged and inverse ETFs. It has a solid track record in delivering index-tracking products.

Management Expertise

ProShares has a dedicated team of investment professionals with experience in index-based and thematic investing.

Goal

To track the performance of the MSCI Global Transformational Changes Index.

Investment Approach and Strategy

Strategy: The ETF employs a passive management strategy, aiming to replicate the composition and performance of the underlying MSCI Global Transformational Changes Index.

Composition The ETF primarily holds stocks of companies across various sectors that are expected to benefit from transformational changes. Specific sector allocations vary based on the index composition.

Market Share: Insufficient data available to accurately determine the exact market share.

Total Net Assets (AUM): 43650000

Key Competitors

• ARK Innovation ETF (ARKK)
• Global X Thematic Growth ETF (GXTG)
• ROBO Global Robotics & Automation Index ETF (ROBO)

Competitive Landscape

The thematic ETF space is highly competitive, with many ETFs targeting similar disruptive innovation themes. ANTE's advantage lies in its specific index methodology and focus on 'transformational changes', potentially offering a more diversified approach than some concentrated thematic ETFs. However, it faces challenges from larger, more established competitors with greater brand recognition and AUM.

Historical Performance: Historical performance data should be retrieved from financial data providers. Past performance is not indicative of future results.

Benchmark Comparison: The ETF's performance should be compared to the MSCI Global Transformational Changes Index to assess tracking accuracy.

Expense Ratio: 0.58

Average Trading Volume

Average trading volume is moderate and adequate for most investors but should be checked regularly for any significant changes that could affect liquidity.

Bid-Ask Spread

The bid-ask spread is typically relatively tight, but may widen during periods of market volatility or low trading volume.

Market Environment Factors

Economic growth, technological advancements, interest rate policies, and regulatory changes all impact the companies within ANTE's portfolio.

Growth Trajectory

ANTE's growth trajectory is tied to the adoption and evolution of the transformational changes its underlying index targets, making it sensitive to innovation cycles and market sentiment.

Competitive Edge

ANTE offers a diversified exposure to companies poised to benefit from long-term transformational changes across various sectors, providing investors with a potentially less concentrated thematic investment. Its use of the MSCI Global Transformational Changes Index may provide a robust and well-defined methodology. However, the ETF's relatively small AUM could be a disadvantage compared to larger competitors. ProShares' brand recognition could contribute to its success in the long run.

Volatility

ANTE's volatility can be expected to be relatively high, as it invests in companies involved in rapidly changing and potentially volatile sectors.

Market Risk

ANTE is subject to market risk, as the value of its holdings can fluctuate based on overall market conditions and investor sentiment toward transformational change themes.

Ideal Investor Profile

ANTE is suited for investors seeking exposure to long-term growth potential driven by transformational changes in the global economy.

Market Risk

ANTE is best suited for long-term investors with a higher risk tolerance, seeking exposure to innovative companies and potential growth opportunities.

ProShares MSCI Transformational Changes ETF (ANTE) provides exposure to companies poised to benefit from key transformational trends. It uses a passive index-tracking approach, aiming to replicate the MSCI Global Transformational Changes Index. With a relatively moderate expense ratio, ANTE could be a useful tool for long-term investors seeking to capitalize on potentially disruptive technologies and business models. However, its risk level is higher than broad-market ETFs, as its performance depends on the success of underlying disruptive technology/business model companies, and investors should carefully consider that ANTEu2019s AUM and trading volume are currently low.

Data Sources:

• ProShares
• MSCI
• Yahoo Finance
• etf.com

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions. Market share data may be estimated due to data limitations.