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Upturn AI SWOT - About
abrdn ETFs - abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM)
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Upturn Advisory Summary
01/30/2025: BCIM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -3.47% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/30/2025 |
Key Highlights
Volume (30-day avg) 9935 | Beta 1.11 | 52 Weeks Range 18.85 - 24.03 | Updated Date 04/2/2025 |
52 Weeks Range 18.85 - 24.03 | Updated Date 04/2/2025 |
Upturn AI SWOT
abrdn ETFs - abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF
ETF Overview
Overview
The abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) provides exposure to industrial metals futures contracts while avoiding K-1 tax forms. It seeks to track the Bloomberg Industrial Metals Index, reflecting the performance of aluminum, copper, nickel, and zinc futures.
Reputation and Reliability
abrdn is a well-established global investment management firm with a long history and significant assets under management. They are known for offering a diverse range of investment products.
Management Expertise
abrdn has a team of experienced professionals specializing in commodity and ETF management.
Investment Objective
Goal
To provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg Industrial Metals Index.
Investment Approach and Strategy
Strategy: The ETF aims to track the Bloomberg Industrial Metals Index through investments in futures contracts of aluminum, copper, nickel, and zinc.
Composition The ETF's assets primarily consist of futures contracts on the specified industrial metals. Cash and other money market instruments are also held to collateralize the futures positions.
Market Position
Market Share: Insufficient data to determine BCIM's exact market share.
Total Net Assets (AUM): 29150000
Competitors
Key Competitors
- Invesco DB Base Metals Fund (DBB)
- United States Copper Index Fund (CPER)
Competitive Landscape
The industrial metals ETF market includes a few key players. BCIM offers a K-1 free structure, which can be an advantage for some investors compared to competitors. DBB has more AUM and may have higher liquidity. CPER focuses solely on copper, offering a more targeted approach.
Financial Performance
Historical Performance: Historical performance data is readily available from various financial data providers. However, it is not included here, as specifically requested.
Benchmark Comparison: The ETF's performance is compared to the Bloomberg Industrial Metals Index. Tracking error may occur due to expenses and fund management.
Expense Ratio: 0.55
Liquidity
Average Trading Volume
The average trading volume varies but is generally moderate to low compared to broader market ETFs.
Bid-Ask Spread
The bid-ask spread varies based on market conditions and trading volume and can impact the cost of trading.
Market Dynamics
Market Environment Factors
Economic indicators such as global GDP growth, manufacturing PMI, and infrastructure spending affect demand for industrial metals. Geopolitical events and supply chain disruptions can also impact prices.
Growth Trajectory
The ETF's growth trajectory depends on the outlook for industrial metals demand, particularly from China and emerging markets. Changes in fund strategy or holdings will be disclosed in fund prospectuses.
Moat and Competitive Advantages
Competitive Edge
BCIMu2019s primary advantage is its K-1 free structure, which simplifies tax reporting for investors compared to some other commodity ETFs. The ETF provides focused exposure to a basket of key industrial metals. The fund benefits from abrdn's reputation in commodity investing. However, it doesn't possess a substantial economic moat and faces competition from other funds in the sector, particularly those with larger AUM and higher trading volume.
Risk Analysis
Volatility
The ETF's volatility is tied to the volatility of the underlying industrial metals futures contracts, which can be significant.
Market Risk
Specific risks include fluctuations in commodity prices due to supply and demand imbalances, geopolitical events, currency fluctuations, and regulatory changes.
Investor Profile
Ideal Investor Profile
Investors seeking exposure to industrial metals as part of a diversified portfolio or as a hedge against inflation. Investors who want to avoid K-1 tax forms may find this ETF appealing.
Market Risk
Suitable for investors with a moderate to high-risk tolerance and a longer-term investment horizon. May be used by active traders or as a strategic allocation.
Summary
The abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) offers a streamlined approach to investing in industrial metals futures, specifically aluminum, copper, nickel, and zinc. Its K-1 free structure is a distinct advantage for some investors. However, investors should be aware of the volatility and market risks associated with commodity futures investments. The fund's performance depends on the demand for industrial metals, particularly from China and emerging markets.
Similar Companies
CPER
United States Copper Index Fund LP
CPER
United States Copper Index Fund LP
DBB
Invesco DB Base Metals Fund
DBB
Invesco DB Base Metals Fund
Sources and Disclaimers
Data Sources:
- abrdn website
- Bloomberg
- ETF.com
- Morningstar
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Investors should conduct their own research and consult with a 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 abrdn ETFs - abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index reflects the return on a fully collateralized investment in the Bloomberg Industrial Metals SubindexSM, which is composed of futures contracts on certain industrial metals commodity futures contracts. The fund seeks to remain fully invested at all times in financial instruments that, in combination, track the returns of the index without regard to market conditions, trends or direction. The fund is non-diversified.
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