This Asia-Focused Ex-Japan ETF Just Surged To Fresh 52-Week Highs
Will this ETF continue its string of recent wins? Let’s take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.
Inside EPP’s Rise
As mentioned earlier, EPP has now gained 27.57% from its 52-week low, which was hit back on February 11, 2016. The fund has now returned 5.87% over the past month, 8.04% over the past three months, and 4.64% in the past six months. Those returns compare pretty favorably to the benchmark S&P 500 index’s 0.93%, 9.65%, and 5.34% returns in the same periods, respectively.
EPP currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That’s because the shares have no short-term overhead resistance to bump up against.
The next level of long-term resistance for EPP will likely be around the $47 level.
A Look Under The Hood
The iShares MSCI Pacific ex-Japan Index Fund is aa Equity-focused product issued by BlackRock. Its expense ratio of 0.49% makes it the #35 cheapest ETF among 79 total funds in the Asia Pacific Equities Ex-China ETFs category.
EPP currently boasts $2.19B in assets under management (AUM), placing it #8 of 79 ETFs in its category, and #187 of 1922 total ETFs in the U.S. exchange traded universe.
The investment objective of the iShares MSCI Pacific Ex-Japan Index Fund ETF seeks to track the investment results of an index composed of Pacific region developed market equities, excluding Japan. While Japan itself has performed fairly well as of late, other Asian regions — including Australia, Hong Kong, and Singapore, which EPP targets — have done even better.
EPP SMART Grade: More Gains Ahead?
A SMART Grade of A suggests excellent future price growth potential, so it’s reasonable to expect even more gains ahead. EPP thus receives our highest approval.
For more information about this ETF, including full ratings, news, data, and more, please visit EPP’s ticker page.
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