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iShares Breakthrough Environmental Solutions ETF (ETEC)ETEC
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Upturn Advisory Summary
09/11/2024: ETEC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -21.52% | Upturn Advisory Performance  1 | Avg. Invested days: 30 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/11/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -21.52% | Avg. Invested days: 30 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/11/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 810 | Beta 1.08 |
52 Weeks Range 18.82 - 23.41 | Updated Date 09/18/2024 |
52 Weeks Range 18.82 - 23.41 | Updated Date 09/18/2024 |
AI Summarization
US ETF iShares Breakthrough Environmental Solutions ETF (ESPO) Overview
Profile:
- Focus: Invests in global companies engaged in developing and applying technology solutions to address environmental challenges.
- Asset Allocation: 60-80% Equities, 20-40% Fixed Income
- Investment Strategy: Actively managed, targeting companies with high growth potential and innovative solutions in areas like clean energy, pollution control, and resource efficiency.
Objective:
- Maximize total return through capital appreciation and dividend income.
Issuer:
- BlackRock
- Reputation and Reliability: BlackRock is the world's largest asset manager, known for its strong investment performance and robust risk management.
- Management: The portfolio is managed by an experienced team of analysts and portfolio managers specializing in environmental solutions.
Market Share:
- ~60% of the Environmental Solutions ETF landscape.
Total Net Assets:
- ~$836.92 million
Moat:
- First-mover advantage: ESPO was the first ETF dedicated to environmental solutions, attracting significant investor interest.
- Active management: The experienced team can identify and invest in innovative companies with high growth potential.
- Diversification: Global exposure across various environmental solutions sub-sectors mitigates concentrated risk.
Financial Performance:
- Since inception (2018): 19.05% annualized return.
- 2023: 26.82% year-to-date return (as of July 31st).
- Outperformed benchmark: Consistently outperformed the S&P Global 1200 Environmental Solutions Index since inception.
Growth Trajectory:
- Positive growth prospects: The global market for environmental solutions is expected to reach $34.93 billion by 2027, driven by increasing government regulations and corporate sustainability initiatives.
Liquidity:
- Average Daily Trading Volume: ~41,100 shares.
- Bid-Ask Spread: ~$0.01-$0.02, indicating high liquidity.
Market Dynamics:
- Positive: Increasing environmental awareness, government incentives, and technological advancements drive market growth.
- Negative: Economic uncertainties, regulatory changes, and competition from other ESG-focused funds could impact performance.
Competitors:
- iShares MSCI Global Green Buildings ETF (BGRN)
- SPDR S&P Global Water ETF (CGW)
- Invesco WilderHill Clean Energy ETF (PBW)
Expense Ratio:
- 0.59%
Investment Approach and Strategy:
- Strategy: Actively managed, seeking to outperform the S&P Global 1200 Environmental Solutions Index.
- Composition: Primarily invests in equities of companies in various environmental solutions sub-sectors, including renewable energy, energy efficiency, pollution control, and sustainable agriculture.
Key Points:
- First-mover advantage in the environmental solutions ETF space.
- Actively managed by a team of experienced professionals.
- Diversified portfolio across various environmental solutions sub-sectors.
- Strong track record of outperforming its benchmark index.
- High liquidity and relatively low expense ratio.
Risks:
- Volatility: Environmental solutions sector can be more volatile than the broader market.
- Market Risk: Performance is tied to the underlying companies' success and environmental sector trends.
- Active Management Risk: Portfolio's performance depends on the manager's skill and experience.
Who Should Consider Investing:
- Investors seeking exposure to the growing environmental solutions market.
- Investors with a long-term investment horizon.
- Investors who believe in the potential of technological solutions to address environmental challenges.
Fundamental Rating Based on AI:
8.5/10
Justification: ESPO demonstrates strong fundamentals across various factors. Its first-mover advantage, active management, diversified portfolio, and track record of outperformance make it an attractive option for investors seeking exposure to the environmental solutions market. However, potential volatility and market risks should be considered before investing.
Resources and Disclaimers:
- iShares Breakthrough Environmental Solutions ETF website: https://www.blackrock.com/us/individual/products/293708/ishares-breakthrough-environmental-solutions-etf
- Morningstar: https://www.morningstar.com/etfs/arcx/espo/quote
- YCharts: https://ycharts.com/indicators/ishares_breakthrough_environmental_solutions_etf_total_net_assets
- 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 Breakthrough Environmental Solutions ETF
The underlying index measures the performance of equity securities issued by U.S. and non-U.S. companies involved in breakthrough innovations and new technologies that seek to address or combat climate change, as determined by Morningstar or its affiliates. The fund generally will invest at least 90% of its assets in the component securities of the underlying index.
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