- IWY has been one of the most afflicted tech-heavy exchange-traded funds on the Street, losing ~21% this year.
- The article delves into the major factors the fund's top-heavy portfolio is most exposed to.
- Even despite the perfect quality and fairly large exposure to growth, bloated valuation points to the fact that IWY is still a rather risky bet.
- Even though bulls can riposte that we are at an inflection point, with a rosy outlook ahead, the combination of exorbitant price and perfect quality is suboptimal at the moment.
For further details see:
IWY: Suboptimal Mix Of Factors Likely To Weigh On Returns