2024-06-14 05:29:15 ET
Summary
- iShares Self-Driving EV and Tech ETF is a hold due to challenges in the autonomous vehicle industry, lack of U.S. large tech companies, and risk of import tariffs.
- The Fund is globally diversified with even weights on U.S., European, and Asian companies, but lacks well-established U.S. large tech companies.
- Performance, expenses, and dividends of IDRV compared to peer funds show suboptimal returns despite a lower expense ratio and growing dividend yield.
Investment Thesis
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IDRV: Tariffs And Lack Of U.S. Tech Are Significant Drawbacks