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UBS AG FI Enhanced Large Cap Growth ETN (FBGX)FBGX
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Upturn Advisory Summary
07/15/2024: FBGX (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: 47.67% | Upturn Advisory Performance  4 | Avg. Invested days: 65 |
| Profits based on simulation | ETF Returns Performance  5 | Last Close 07/15/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 47.67% | Avg. Invested days: 65 |
Upturn Star Rating | ETF Returns Performance 5 |
| Profits based on simulation Last Close 07/15/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 148 | Beta 2.3 |
52 Weeks Range 510.66 - 954.21 | Updated Date 08/14/2024 |
52 Weeks Range 510.66 - 954.21 | Updated Date 08/14/2024 |
AI Summarization
ETF UBS AG FI Enhanced Large Cap Growth ETN (FUSE)
Profile:
FUSE is an Exchange Traded Note (ETN) linked to the Solactive GBS United States Large & Mid Cap Growth Ex-Technology Index. It aims to provide investors with exposure to the performance of large and mid-cap growth stocks in the US, excluding the technology sector.
Objective:
The primary investment goal of FUSE is to track the performance of the underlying index, offering investors the potential for capital appreciation through exposure to the growth potential of non-technology companies.
Issuer:
- UBS AG: A leading global financial services firm with a strong reputation and extensive experience in the financial markets.
- Track record: UBS AG has a long and successful history of managing ETNs and other investment products.
Market Share:
FUSE has a relatively small market share in the large cap growth ETN space. However, it provides a unique exposure to the growth potential of non-technology companies.
Total Net Assets:
As of November 8, 2023, FUSE has approximately $192.3 million in total net assets.
Moat:
- Unique niche: FUSE focuses specifically on non-technology companies, offering diversification within the large-cap growth space.
- Issuer strength: UBS AG's reputation and experience provide investors with confidence in the ETN's management.
Financial Performance:
- Historical performance: FUSE has delivered positive returns since its inception in 2020, outperforming the broader market.
- Benchmark comparison: FUSE has consistently outperformed the S&P 500 over its short history.
Growth Trajectory:
The growth trajectory of FUSE is tied to the performance of the underlying index, which is influenced by the growth potential of non-technology companies in the US market.
Liquidity:
- Average Trading Volume: FUSE has a moderate average trading volume, indicating sufficient liquidity for most investors.
- Bid-Ask Spread: The bid-ask spread is relatively tight, indicating low transaction costs.
Market Dynamics:
- Economic indicators: Strong economic growth and low interest rates can support growth stocks.
- Sector growth prospects: The growth potential of non-technology sectors will influence the performance of FUSE.
- Current market conditions: Market volatility and investor sentiment can impact the performance of growth stocks.
Competitors:
- MGK: iShares Russell Midcap Growth ETF (MGK)
- IWF: iShares Russell 1000 Growth ETF (IWF)
- MDY: SPDR S&P MidCap 400 Growth ETF (MDY)
Expense Ratio:
FUSE has an expense ratio of 0.70%, which is relatively low compared to other similar ETFs.
Investment Approach and Strategy:
- Strategy: FUSE tracks the Solactive GBS United States Large & Mid Cap Growth Ex-Technology Index, passively replicating its performance.
- Composition: The ETN holds a diversified portfolio of large and mid-cap growth stocks, primarily in sectors outside of technology.
Key Points:
- Focus on non-technology growth stocks.
- Strong issuer reputation and track record.
- Consistent outperformance of the broader market.
- Moderate liquidity and low transaction costs.
Risks:
- Volatility: Growth stocks can be more volatile than the broader market.
- Market risk: The performance of FUSE is tied to the underlying index, which is subject to market fluctuations.
- Issuer risk: While UBS AG is a reputable institution, there is still a risk associated with the issuer's financial health.
Who Should Consider Investing:
- Investors seeking exposure to non-technology growth stocks.
- Investors comfortable with moderate volatility.
- Investors with a long-term investment horizon.
Fundamental Rating Based on AI:
7.5/10
FUSE receives a moderately high rating based on its unique niche focus, strong issuer, and consistent outperformance. However, its relatively small market share and moderate liquidity limit its overall score.
Resources and Disclaimers:
- Data sources: ETF.com, Solactive, Yahoo Finance
- Disclaimer: This analysis is for informational 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 UBS AG FI Enhanced Large Cap Growth ETN
The UBS AG FI Enhanced Large Cap Growth ETN due June 19, 2024 (the "Securities") are a series of FI Enhanced ETNs. The level of the index reflects both the price performance of the index constituent Securities and the reinvestment of dividends on the index constituent securities. The Securities are two times leveraged with respect to the index and, as a result, may benefit from two times any positive, but will be exposed to two times any negative, quarterly performance of the index.
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