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Min Vol Global ETF (ACWV) Hits New 52-Week High

Sanghamitra Saha

For investors seeking momentum, iShares Edge MSCI Min Vol Global ETF (ACWV) is probably on the radar now. The fund just hit a 52-week high, which is up roughly 15.1% from its 52-week low price of $78.07/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.

ACWV in Focus

The fund measures the combined performance of equity securities in both emerging and developed markets that have lower absolute volatility. The fund has Johnson & Johnson, Waste Management and Nestle as its top three holdings. It charges 20 basis points (bps) in fees (see all world ETFs here).

Why the Move?

Renewed threats emanating from global growth worries and Brexit have energized the low-volatility corner of the global market of late. Notably, low volatility products have the potential to outpace the broader market in bearish conditions or in an uncertain environment, providing significant protection to the portfolio. 

More Gains Ahead?

The fund has a positive weighted alpha of 9.10, which hints at more gains. So, there is definitely still some promise for those who want to ride this surging ETF a little longer.

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iShares Edge MSCI Min Vol Global ETF (ACWV): ETF Research Reports
 
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