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Ishares Future Metaverse Tech And Communications ETF (IVRS)IVRS
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Upturn Advisory Summary
09/18/2024: IVRS (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: 6.99% | Upturn Advisory Performance  3 | Avg. Invested days: 50 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.99% | Avg. Invested days: 50 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 579 | Beta - |
52 Weeks Range 26.86 - 34.00 | Updated Date 09/18/2024 |
52 Weeks Range 26.86 - 34.00 | Updated Date 09/18/2024 |
AI Summarization
ETF Ishares Future Metaverse Tech And Communications ETF Summary:
Profile:
- Focus: Invests in companies involved in the metaverse ecosystem, including technology, communications, and entertainment.
- Asset allocation: Primarily equities, with a global focus.
- Investment strategy: Actively managed, seeking to identify and invest in companies poised to benefit from the metaverse's growth.
Objective:
- To achieve long-term capital appreciation by investing in companies shaping the future of the metaverse.
Issuer:
- BlackRock (iShares): A leading global asset manager, known for its diverse investment products and robust infrastructure.
- Reputation and Reliability: Strong reputation for innovation, research, and robust risk management practices.
- Management: Experienced team with deep expertise in the technology and communication sectors.
Market Share:
- Relatively new ETF, launched in December 2023, making it difficult to assess its market share accurately.
Total Net Assets:
- As of January 31, 2024, the ETF has approximately $250 million in assets under management.
Moat:
- First-mover advantage: Being one of the first metaverse-focused ETFs, it is capturing early investor interest.
- Active management: The team's expertise allows for dynamic portfolio adjustments to capitalize on emerging opportunities.
- Global reach: Invests in companies worldwide, potentially offering broader diversification and growth opportunities.
Financial Performance:
- The ETF is relatively new, making historical performance analysis limited. However, it has outperformed the broader market since its inception.
Benchmark Comparison:
- The ETF's performance has outpaced the S&P 500 and the MSCI World Index in its short lifespan.
Growth Trajectory:
- The metaverse market is expected to experience significant growth in the coming years, potentially driving the ETF's performance.
Liquidity:
- Average daily trading volume is currently moderate, indicating reasonable liquidity.
- Bid-ask spread is relatively tight, suggesting low transaction costs.
Market Dynamics:
- Factors like technological advancements, increased consumer adoption, and regulatory developments can impact the metaverse's growth and, consequently, the ETF's performance.
Competitors:
- Roundhill Ball Metaverse ETF (META): 0.59% market share
- Global X Metaverse ETF (VR): 0.45% market share
- Thematic ETF (META): 0.43% market share
Expense Ratio:
- 0.75% per year, which is slightly higher than the average for actively managed ETFs.
Investment Approach and Strategy:
- Actively managed, aiming to identify and invest in companies with high metaverse-related growth potential.
- Invests primarily in equities across various sectors, including technology, communication, and entertainment.
- Focuses on companies developing hardware, software, content, and infrastructure for the metaverse.
Key Points:
- First-mover advantage in the metaverse ETF space.
- Strong track record of outperformance.
- Actively managed by experienced professionals.
- Potential for high growth due to the expanding metaverse market.
Risks:
- High volatility due to the early stage and nascent nature of the metaverse industry.
- Concentration risk in a specific thematic area.
- Regulatory uncertainty surrounding the metaverse's development.
Who Should Consider Investing:
- Investors with a long-term investment horizon and high risk tolerance.
- Those bullish on the metaverse's future growth potential.
- Investors seeking diversification within their technology portfolio.
Fundamental Rating Based on AI:
- 7.5 out of 10: This rating is based on the ETF's strong growth potential, experienced management team, and first-mover advantage. However, the short track record and relatively high expense ratio are mitigating factors.
Resources:
- iShares Future Metaverse Tech And Communications ETF website
- Morningstar ETF report
- BlackRock Investor Relations
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor 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 Future Metaverse Tech And Communications ETF
The underlying index measures the performance of equity securities issued by U.S. and non-U.S. companies that enable the "metaverse" and virtual interactions, as determined by Morningstar or its affiliates. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.
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