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For buyers in search of momentum, AGFiQ US Market Impartial Anti-Beta Fund BTAL might be on the radar now. The fund simply hit a 52-week excessive and is up about 25.1% from its 52-week low worth of $20.84/share.
However are extra beneficial properties in retailer for this ETF? Let’s take a fast take a look at the fund and the near-term outlook on it to get a greater thought on the place it is perhaps headed:
BTAL in Focus
The fund has the potential to generate optimistic returns whatever the route of the inventory market so long as low beta shares outperform excessive beta shares. It invests in low-beta securities and on the identical time shorts high-beta shares of roughly equal greenback quantities inside every sector. It seeks to ship the unfold return between high and low beta shares. This may simply be performed by monitoring Dow Jones U.S. Thematic Market Impartial Anti-Beta Index. The product costs 2.11% in annual charges (see: all the Long-Short ETFs here).
Why the Transfer?
The long-short nook of the broad ETF world has been an space to look at recently provided that the blue-chip shares slipped right into a bear market. The World Well being Group has declared the outbreak a pandemic and President Donald Trump has suspended all journey from Europe to the United…