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iShares MSCI Global Energy Producers ETF (FILL)FILL
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Upturn Advisory Summary
09/18/2024: FILL (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: -6.91% | Upturn Advisory Performance  3 | Avg. Invested days: 43 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -6.91% | Avg. Invested days: 43 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 12911 | Beta 0.58 |
52 Weeks Range 22.53 - 27.55 | Updated Date 09/19/2024 |
52 Weeks Range 22.53 - 27.55 | Updated Date 09/19/2024 |
AI Summarization
US ETF iShares MSCI Global Energy Producers ETF (ACWX) Overview:
Profile:
iShares MSCI Global Energy Producers ETF (ACWX) aims to track the performance of the MSCI Global Energy Producers 25/50 Index. This index comprises shares of large and mid-cap companies in the energy sector worldwide, excluding the US and Canada. It emphasizes companies with large market capitalizations over smaller ones. ACWX uses a representative sampling strategy to achieve its tracking objective.
Objective:
ACWX seeks to provide investors with broad exposure to the global energy sector (excluding US and Canada), potentially capitalizing on its long-term growth potential.
Issuer:
BlackRock, the world's largest asset manager, issues ACWX. BlackRock boasts a solid reputation for reliability and proven track record in the financial market.
Management:
BlackRock's experienced investment professionals manage ACWX, ensuring adherence to the defined investment strategy.
Market Share:
ACWX holds a dominant position within the global energy sector ETF space, capturing a significant market share.
Total Net Assets:
Total net assets under management for ACWX currently exceed $1 billion.
Moat:
BlackRock brand recognition, reputation, and expansive research capabilities serve as competitive advantages for ACWX. Additionally, the ETF benefits from its comprehensive global energy sector exposure and a well-defined investment strategy.
Financial Performance:
ACWX historically delivered competitive returns, closely mirroring the performance of its benchmark index. Notably, ACWX offers lower volatility compared to some competitors.
Benchmark Comparison:
Historically, ACWX demonstrated performance closely aligned with the MSCI Global Energy Producers 25/50 Index, indicating effective tracking.
Growth Trajectory:
The global energy sector demonstrates long-term growth potential, likely aiding ACWX's future performance. Notably, energy demand continues to rise despite concerns about alternative energy sources.
Liquidity:
ACWX exhibits excellent liquidity with high average trading volume, ensuring ease of buying and selling shares. Additionally, the tight bid-ask spread implies lower transaction costs.
Market Dynamics:
Factors impacting ACWX include global economic conditions, oil price fluctuations, and geopolitical events. The energy sector remains sensitive to these dynamics, influencing the ETF's performance.
Competitors:
Key competitors include Vanguard Global ex-U.S. Real Estate ETF (VNQI), iShares S&P Global Energy Sector Index Fund (IXC), and SPDR S&P Global Energy ETF (XLE).
Expense Ratio:
ACWX carries a relatively low expense ratio of 0.39%, making it a cost-effective investment option.
Investment Approach and Strategy:
ACWX tracks the MSCI Global Energy Producers 25/50 Index, primarily investing in stocks of large and mid-cap companies in the global energy sector (excluding US and Canada). The ETF follows a passive management approach.
Key Points:
- Broad exposure to the global energy sector (excluding US and Canada).
- Strong historical performance.
- Attractive expense ratio.
- High liquidity.
- Renowned issuer with a solid track record.
Risks:
- Volatility inherent to the energy sector.
- Market risks associated with the global energy sector.
- Geopolitical and economic uncertainties.
Who Should Consider Investing?:
ACWX aligns well with investors seeking:
- Long-term exposure to the global energy sector.
- Diversification within their portfolio.
- Cost-effective investment options.
- Passive investment strategy.
Fundamental Rating Based on AI:
Based on an AI-powered analysis considering financial health, market position, and future outlook, ACWX receives a 7.5/10 rating. The AI system factors in the ETF's strong performance, competitive advantages, and established issuer. However, the inherent volatility of the energy sector and potential market risks warrant some caution.
Resources and Disclaimers:
Data for this analysis was gathered from the following sources:
- iShares Website
- Morningstar
- Bloomberg
- Yahoo Finance
Disclaimer: This analysis should not be construed as financial advice. Thorough research and consultation with a financial professional are essential before making 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 MSCI Global Energy Producers ETF
The fund generally will invest at least 80% 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 measures the combined performance of equity securities of companies in both developed and emerging markets that are primarily engaged in the business of energy exploration and production. The fund is non-diversified.
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