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iShares ESG Aware MSCI EM ETF (ESGE)ESGE
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Upturn Advisory Summary
09/18/2024: ESGE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -6.94% | Upturn Advisory Performance  2 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -6.94% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 503460 | Beta 0.99 |
52 Weeks Range 28.34 - 35.23 | Updated Date 09/19/2024 |
52 Weeks Range 28.34 - 35.23 | Updated Date 09/19/2024 |
AI Summarization
iShares ESG Aware MSCI EM ETF (ESGE) Overview:
Profile: ESGE is an exchange-traded fund (ETF) that tracks the performance of the MSCI Emerging Markets ESG Leaders Index. This index comprises large and mid-cap companies from emerging markets that demonstrate strong environmental, social, and governance (ESG) practices. The ETF invests in a diversified portfolio of stocks across various sectors, including financials, energy, and technology.
Objective: ESGE aims to provide investors with exposure to the growth potential of emerging markets while incorporating ESG considerations into their investment strategy.
Issuer: BlackRock, the world's largest asset manager, issues ESGE. BlackRock has a strong reputation for its investment expertise and global reach.
Market Share: ESGE is the largest ESG-focused emerging market ETF, with a market share of over 50%.
Total Net Assets: As of November 2023, ESGE has over $8 billion in assets under management.
Moat: ESGE benefits from BlackRock's extensive resources and ESG research capabilities. The ETF also enjoys first-mover advantage in the ESG-focused emerging market ETF space.
Financial Performance: ESGE has outperformed its benchmark index, the MSCI Emerging Markets Index, over the past three and five years.
Growth Trajectory: The emerging markets are expected to continue growing in the coming years, driven by factors such as rising middle class populations and technological advancements. This bodes well for ESGE's future growth prospects.
Liquidity: ESGE is a highly liquid ETF, with an average daily trading volume of over $100 million.
Market Dynamics: Factors such as economic growth, commodity prices, and political stability in emerging markets can impact ESGE's performance.
Competitors: Key competitors include the Xtrackers MSCI Emerging Markets ESG Leaders UCITS ETF (DEMG) and the iShares MSCI Emerging Markets ESG Optimized ETF (EMXF).
Expense Ratio: ESGE's expense ratio is 0.40%.
Investment Approach and Strategy: ESGE employs a passive investment strategy, tracking the MSCI Emerging Markets ESG Leaders Index. The ETF invests in a diversified portfolio of large and mid-cap stocks from emerging markets with strong ESG ratings.
Key Points:
- Provides exposure to emerging market growth while incorporating ESG considerations.
- Managed by BlackRock, a leading asset manager.
- Largest ESG-focused emerging market ETF.
- Strong track record of outperformance.
- High liquidity.
Risks:
- Emerging markets are inherently more volatile than developed markets.
- ESG investing may limit the investment universe and potentially impact returns.
- Currency fluctuations can impact returns.
Who Should Consider Investing: Investors seeking exposure to emerging market growth with a focus on ESG principles may consider ESGE.
Fundamental Rating Based on AI: 8/10
ESGE receives a high rating based on its strong financial performance, market position, and growth potential. BlackRock's expertise and the ETF's first-mover advantage further enhance its appeal. However, investors should be aware of the inherent risks associated with emerging markets and ESG investing.
Resources:
- iShares ESG Aware MSCI EM ETF website: https://www.ishares.com/us/products/251909/ishares-esg-aware-msci-em-etf
- BlackRock website: https://www.blackrock.com/us/individual/investment-products/overview/ishares-esg-aware-msci-em-etf-esge
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional 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 iShares ESG Aware MSCI EM ETF
The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is an optimized equity index designed to reflect the equity performance of companies that have favorable ESG characteristics, while exhibiting risk and return characteristics similar to those of the MSCI Emerging Markets Index (the parent index).
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