Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

The experts agree that Ishares S&P Global Financials Sector Index Fund (IXG-N) is a good name to hold with the broadening market participation. It has been outperforming the MSCI World Index since fall 2020 and is considered pretty cheap with an average 1.4x price to book. The MER is 42 bps and the stock looks sound technically, with a price above the 200-day MA, higher highs, and higher lows. The yield is around 2.3-2.4%, making it an attractive option in the financial sector.

Consensus
Positive
Valuation
Undervalued
Similar
Vanguard Financials ETF, VFH
PAST TOP PICK
(A Top Pick Jan 12/23, Up 11%)

Good name to hold with the broadening market participation. Outperforming the MSCI World Index since fall 2020. Pretty cheap with an average 1.4x price to book. MER is 42 bps. Looks sound technically, with price above 200-day MA, higher highs and higher lows. Yield is 2.3%.

E.T.F.'s
PAST TOP PICK
(A Top Pick Jan 12/23, Up 8%)

With broadening of the market away from tech, seeing financials start to perform. Outperforming MSCI World Index since Fall 2020. At 1.5x, still fairly cheap for global financials (US is closer to 2.1x price to book). Yield is 2.4%.

E.T.F.'s
TOP PICK
Take an overweight in financials going forward. Basket of global financials. Economic picture is improving, waning inflation, dovish central banks, China reopening. All catalysts for global financial companies. Performing well this year. Europe's already up 8% this year, and there are valuation discounts compared to US. An outperformer. 1.25x price to book, quite cheap historically. 49% US, remainder international including Canada. Yield is about 3%.
E.T.F.'s
BUY
Likes the financial space in general, in the US and internationally. Half this ETF is in US, half is international including Canada. Financials tend to be early cycle winners. Most investors won't think we're in the early cycle, but remember that the stock market tends to bottom well before the economic data bottoms. You want to prepare for that, before the pickup in the economy. Financials have broken above 200-day MA, a positive signal. Yield is 2-3%.
E.T.F.'s
PAST TOP PICK
(A Top Pick Oct 21/21, Down 17%) On one hand, higher interest rates. But on the other, the economy is hurting credit and loan loss provisions. Price to book is cheap. Blue chip names. Still outperforming broader indices. Should pick up in early cycle stage and do very well. Yield about 4%.
E.T.F.'s
PAST TOP PICK
(A Top Pick Aug 05/21, Down 11%) Financials are being hurt by recession worries and potential for rising credit provisions. He's holding and collecting the 4.6% dividend yield. If the slowdown is short or shallow or doesn't happen, financials will do well, as they tend to be early cycle winners.
E.T.F.'s
PAST TOP PICK
(A Top Pick Jun 24/21, Down 13%) Down 26% since February due to recession fears. It holds large-cap financials like Berkshire Hathaway, Royal Bank and Morgan Stanley; half of this is American. 52% are banks and 29% insurance. Trades at 1.13x price-to-book. Financials are great long-term. Pays a 2.5% dividend that will increase. Still buys it.
E.T.F.'s
TOP PICK
Likes banks in general. Interest rates moving higher, economy is recovering, loan losses declining. These are all tailwinds. 50% US financials. Price to book is 1.3x, cheap historically. Yield is 2.5%.
E.T.F.'s
DON'T BUY
The challenge for the banks is the inverted yield curve, low rates and this low rate environment will continue for a while. The curve will not go much steeper. Central banks will continue to buy bonds and suppress yields. There has been steepening and global financials have done well. There will be not much growth. Europe is a challenge. Would stick to Canada for banks.
E.T.F.'s
TOP PICK
Global economy is on the mend, many tailwinds. 1.2x price to book, a cheap valuation historically. Half is in the US, with half elsewhere in the world. Financials everywhere will be able to increase share buybacks and dividends.
E.T.F.'s
TOP PICK
Basket of global financial companies including insurers, asset managers, investment banks. Loan losses declining and rising interest rates provide tailwinds to benefit the banks. Price to book at 1.3x. Split 50/50 between US/international. Yield is 1.14%.
E.T.F.'s
COMMENT
This is a good product for global financials and banks when they time is ripe.
E.T.F.'s
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Ishares S&P Global Financials Sector Index Fund(IXG-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Ishares S&P Global Financials Sector Index Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ishares S&P Global Financials Sector Index Fund(IXG-N) Frequently Asked Questions

What is Ishares S&P Global Financials Sector Index Fund stock symbol?

Ishares S&P Global Financials Sector Index Fund is a American stock, trading under the symbol IXG-N on the NYSE Arca (IXG). It is usually referred to as AMEX:IXG or IXG-N

Is Ishares S&P Global Financials Sector Index Fund a buy or a sell?

In the last year, 2 stock analysts published opinions about IXG-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ishares S&P Global Financials Sector Index Fund.

Is Ishares S&P Global Financials Sector Index Fund a good investment or a top pick?

Ishares S&P Global Financials Sector Index Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Ishares S&P Global Financials Sector Index Fund.

Why is Ishares S&P Global Financials Sector Index Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Ishares S&P Global Financials Sector Index Fund worth watching?

2 stock analysts on Stockchase covered Ishares S&P Global Financials Sector Index Fund In the last year. It is a trending stock that is worth watching.

What is Ishares S&P Global Financials Sector Index Fund stock price?

On 2024-04-23, Ishares S&P Global Financials Sector Index Fund (IXG-N) stock closed at a price of $84.65.