3 November 2022: Wealth Product Ideas
|
Fund Name (Ticker) |
iShares U.S. Aerospace & Defense ETF (ITA) |
|
Description |
The iShares U.S. Aerospace & Defense ETF seeks to track the investment results of an index composed of U.S. equities in the aerospace and defense sector. |
|
Asset Class |
Equity |
|
30-Day Average Volume (as of 1 Nov) |
537,607.00 |
|
Net Assets of Fund (as of 1 Nov) |
$4,055,184,509 |
|
12-Month Trailing Yield (as of 30 Sep) |
1.07% |
|
P/E Ratio (as of 31 Oct) |
26.86 |
|
P/B Ratio (as of 31 Oct) |
3.30 |
|
Management Fees |
0.39% |
Top 10 Holdings
(As of October 31, 2022)
- BUY Entry – 105 Target – 115 Stop Loss – 100
- The Russian-Ukraine War has led to an increase in European arms expenditure and members of NATO will also increase their defence budgets in the following years.
- Geopolitical tension is gradually escalating, which will lead to an increase in arms sales from the United States to East Asia and Europe.
Source: Bloomberg
|
Fund Name (Ticker) |
iShares Global Clean Energy ETF (ICLN) |
|
Description |
The iShares Global Clean Energy ETF (ICLN) seeks to track the investment results of an index composed of global equities in the clean energy sector. |
|
Asset Class |
Equity |
|
30-Day Average Volume (as of 1 Nov) |
9,540,648.00 |
|
Net Assets of Fund (as of 1 Nov) |
$4,799,437,178 |
|
12-Month Trailing Yield (as of 30 Sep) |
1.40% |
|
P/E Ratio (as of 31 Oct) |
27.09 |
|
P/B Ratio (as of 31 Oct) |
2.24 |
|
Management Fees |
0.40% |
Top 10 Holdings
(As of October 31, 2022)
- BUY Entry – 18.5 Target – 23.5 Stop Loss – 16.0
- Inflation Reduction Act of 2022
- Under the FY2022 Budget Reconciliation bill, the United States will invest approximately $300 billion in Deficit Reduction and $369 billion in Energy Security and Climate Change programs over the next ten years, to reduce carbon emissions.
- It is estimated that by 2030, carbon emissions will be reduced by about 40 percent.
- With the Inflation Reduction Act (IRA), solar deployment is expected to increase by 40%, or 62 GW DC, over baseline projections through 2027.
- ESG-themed ETFs
- Within the next 10 years, expanding access to clean energy will remain a priority, and major economies in Europe, America and Asia will continue to increase investments and construct infrastructure in support of clean energy.
Source: Bloomberg
