iShares MSCI Global Metals & Mining ProduceFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$10.03
- Net Assets:$173 Million
- Peer Rank:32 of 41
- Investment Rating:E+
We rate iShares MSCI Gl Met&MP at E+. Negative factors that influence this rating include a short term portfolio management tenure. The fund may be considered for investors seeking a Sector - Precious Metals strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The iShares MSCI Gl Met&MP has returned an annual rate of -15.76% since inception. More recently, the fund has generated a total return of -9.22% in the last three years, -18.87% in the last year, and 21.32% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 11% of them. It has also outpaced 10% of its competitors on a one year basis for the period ending 6/30/2016. On a year to date basis, PICK has returned 21.32%.
Downside risk has been above average. PICK has a draw down risk of -64.84%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 30.2%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $10.03, which is 4.9% below its 52-week high of $10.55 and 9.6% above its 52-week low of $9.15.
Low expense ratio helps performance. As PICK is an exchange traded fund, it has no front end or back end load.
The iShares MSCI Gl Met&MP is managed by Jennifer F.Y. Hsui at BlackRock Fund Advisors. This fund is one of 305 BlackRock Fund Advisors exchange-traded funds launched since 3/12/1996 that we track.