Previous Close | 21.90 |
YTD Return | -0.64% |
Expense Ratio (net) | 1.12% |
Category | Financial |
Last Cap Gain | 0.00 |
Morningstar Rating | ★★★★★ |
Morningstar Risk Rating | Average |
Sustainability Rating |
Net Assets | 517.03M |
Beta (3y) | 0.93 |
Yield | 0.31% |
5y Average Return | N/A |
Holdings Turnover | 81.00% |
Last Dividend | 0.07 |
Average for Category | N/A |
Inception Date | Sep 3, 1996 |
On Apr 6, Jerome Powell in his first speech as the Fed Chairman said that the economy has registered strong growth and that gradual rate increases are necessary. Additionally, the incoming New York Fed Chief or Fed Vice-Chair John Williams echoed Powell. Moreover, some of the policymakers now expect not just two but even three more rate hikes in 2018.Source: Shutterstock
Financial funds are expected to perform favorably in recent times following the Fed's interest rate hikes and Fed Chair's statement
Jerome Powell led Federal Reserve hiked the benchmark lending rate by a quarter-percentage point and projected a steeper path of rate hikes
In the recently concluded meeting, Fed indicated that there might be a rate hike in March. We, thus, present four funds that would benefit from a likely rate hike.
Mutual funds which have significant exposure in sectors which registered stable job gains, call for investors' attention