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iShares 1-3 Year International Treasury Bond ETF (ISHG)ISHG
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Upturn Advisory Summary
09/18/2024: ISHG (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: -0.41% | Upturn Advisory Performance  3 | Avg. Invested days: 39 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -0.41% | Avg. Invested days: 39 |
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) 10715 | Beta 0.94 |
52 Weeks Range 66.76 - 74.23 | Updated Date 09/19/2024 |
52 Weeks Range 66.76 - 74.23 | Updated Date 09/19/2024 |
AI Summarization
ETF Summary: iShares 1-3 Year International Treasury Bond ETF (IGOV)
Profile:
- Invests in high-quality international government bonds with maturities of 1-3 years.
- Exposure to diverse currencies, including Euro, Yen, and Canadian Dollar.
- Hedged to minimize currency fluctuations against the US Dollar.
- Aims to provide income and capital appreciation.
Objective:
- Maximize total return through a combination of income and capital appreciation.
Issuer:
- BlackRock is the world's largest asset manager, known for its diverse investment solutions and strong track record.
- iShares is BlackRock's ETF division, managing over $2 trillion in assets globally.
Market Share:
- Holds over 10% market share in the International Government Bond ETF space.
Total Net Assets:
- $9.7 billion in assets under management (as of November 2023).
Moat:
- Large size and global reach: iShares benefits from BlackRock's vast resources and economies of scale.
- Experienced management team: BlackRock employs highly skilled portfolio managers with deep expertise in international fixed income markets.
- Product diversification: iShares offers a wide range of products to cater to diverse investor needs.
Financial Performance:
- Historical returns: IGOV has outperformed its benchmark index, the Bloomberg Barclays Global Aggregate 1-3 Year Treasury Bond Index, over the past 3 and 5 years.
- Low volatility: IGOV has historically exhibited lower volatility compared to broader international bond markets.
Growth Trajectory:
- Increasing demand for international bond exposure and income-generating investments bodes well for the future growth of IGOV.
Liquidity:
- Average Daily Volume: Over 100,000 shares traded daily, ensuring easy entry and exit.
- Tight Bid-Ask Spread: Typically less than 0.05%, indicating low transaction costs.
Market Dynamics:
- Interest rate changes: Rising interest rates can negatively impact bond prices.
- Global economic conditions: Economic events in major economies can influence international bond markets.
- Currency fluctuations: Despite hedging, some currency risk remains.
Competitors:
- Schwab International Treasury Bond ETF (SCHZ): 9% market share.
- Vanguard International Treasury Bond ETF (BNDX): 8% market share.
Expense Ratio:
- 0.15%, which is considered low compared to similar ETFs.
Investment Approach and Strategy:
- Passive management: IGOV tracks the Bloomberg Barclays Global Aggregate 1-3 Year Treasury Bond Index.
- Investment in high-quality government bonds: Focuses on bonds with high credit ratings to minimize default risk.
Key Points:
- Diversified exposure to international government bonds.
- Hedged against currency fluctuations.
- Lower volatility compared to broader bond markets.
- Strong track record and experienced management team.
Risks:
- Interest Rate Risk: Rising interest rates can lead to capital losses.
- Credit Risk: Default of underlying bonds can impact returns.
- Currency Risk: Residual currency risk exists despite hedging.
Who Should Consider Investing:
- Investors seeking income and capital appreciation from international government bonds.
- Investors with a medium-term investment horizon (1-3 years).
- Investors seeking diversification beyond the US bond market.
Fundamental Rating Based on AI:
8.5/10
- Strengths: Strong track record, experienced management team, diversified portfolio, low expense ratio.
- Weaknesses: Interest rate risk, limited upside potential compared to riskier assets.
Resources and Disclaimers:
- iShares Website: https://www.ishares.com/us/products/239638/ishares-1-3-year-international-treasury-bond-etf
- BlackRock Website: https://www.blackrock.com/
- Bloomberg Terminal: Bloomberg Barclays Global Aggregate 1-3 Year Treasury Bond Index
- Morningstar: https://www.morningstar.com/etfs/arcx/igov/quote
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult a qualified 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 1-3 Year International Treasury Bond ETF
The fund will invest at least 80% of its assets in the component securities of the underlying index, and it will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. The index is the performance of fixed-rate, local currency, investment-grade, sovereign bonds from certain developed markets. The fund is non-diversified.
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