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For buyers in search of momentum, John Hancock Multifactor Utilities ETF JHMU might be an acceptable decide. The fund simply hit a 52-week excessive, up roughly 22.9% from its 52-week low of $29.23/share.
However does it have extra good points in retailer? Let’s check out the fund and its near-term outlook to achieve an perception into the place it is likely to be headed:
JHMU in Focus
The fund offers funding outcomes that carefully correspond, earlier than charges and bills, to the efficiency of the John Hancock Dimensional Utilities Index. JHMU is charging 40 bps in charges. The fund has amassed $37.2 million in AUM (see all Utilities/Infrastructure ETFs here).
Why the Transfer?
China is grappling with the coronavirus outbreak that has already claimed a minimum of 425 lives within the nation together with greater than 20,438 confirmed circumstances. The virus has been spreading actually quick over the previous week and has now contaminated individuals in Hong Kong, Australia, Philippines, United Kingdom, India, Malaysia,…