iShares MSCI Global Metals & Mining Producers ETF
PICK

$41.54

4.77%

Market Cap: $939M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,983% more call options, than puts

Call options by funds: $3.06M | Put options by funds: $147K

6% more capital invested

Capital invested by funds: $643M [Q1] → $682M (+$39.9M) [Q2]

7% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 28

1% less funds holding

Funds holding: 170 [Q1] → 168 (-2) [Q2]

18% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 55

35.57% less ownership

Funds ownership: 103.02% [Q1] → 67.44% (-35.57%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for PICK.

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Financial journalist opinion

3 Mining Stocks to Buy to Unearth Precious Profits

Investors are increasingly looking for robust mining stocks to buy as we approach the second half of 2024. The recovery of the global economy has fueled demand for various metals, from precious metals like gold and silver to base metals like copper and nickel.

3 Mining Stocks to Buy to Unearth Precious Profits

PICK: Mining Companies Could Outperform The Metals

Increasing demand for base metals is driven by green energy initiatives, supporting higher prices. Copper prices have rallied significantly in Q2 2024. Sanctions on Russia and rising nonferrous metals prices are bullish for mining companies, creating potential investment opportunities in the sector.

PICK: Mining Companies Could Outperform The Metals

Bullish On Metals And Mining - Get Your PICK?

Inflation is likely to accelerate and investors should consider hedges against it. PICK has a competitive management fee, a meaningful dividend, and a relatively low percentage of U.S. equities (for a global fund). The Fund's exclusion of silver and gold miners is a drawback, and the Fund has not performed well relative to the broad market and one of its competitors.

Bullish On Metals And Mining - Get Your PICK?

PICK: Metal Recovery To Further Improve Valuation Discount

The iShares MSCI Global Metals & Mining Producers ETF has performed well of late, driven by the strong rally in copper and iron ore prices. The ETF is already trading at a large discount to the broader market, and the metal price recovery should further support the valuation argument. The main risk comes from the PICK's high beta to the overall US market and the increasing risk of a sharp correction amid widespread optimism of interest rate cuts.

PICK: Metal Recovery To Further Improve Valuation Discount

There Could Be A Simple Explanation For The Dax Moonshot Move

The German stock market has gone parabolic in an exceptionally strong move, after meandering over the summer months with sub-par economic releases. The surface reason for this division is that the vast majority of German earnings are not driven by the domestic economy but by their multinational operations.

There Could Be A Simple Explanation For The Dax Moonshot Move

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