XLF - BTO: The Financial Sector Is Attractive But This Fund Is A Bit Stretched
Written by Nick Ackerman, co-produced by Stanford Chemist
John Hancock Financial Opportunity Fund (BTO) allows investors one investment to invest in some of the largest financial institutions in the U.S. However, the fund's current valuation is a bit stretched - perhaps warranting caution before jumping in now. The catch here is that with financials undervalued currently, this fund could deliver some impressive returns regardless.
When we last covered the fund, it seemed to shoot higher immediately. I didn't anticipate such a short-term opportunity. Congratulations to anyone that might have been able to