Modest diversificationOverlapping area represents amount of risk that can be diversified away by holding IQ Global Resources ETF and equity matching GSPC index in the same portfolio
IQ Global Diversification Suggestion
Use IQ Global to protect against small markets fluctuations. The etf experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of IQ Global to be traded at $27.21 in 30 days
IQ Global Price and Market Media
The median price of IQ Global for the period between Tue, Nov 12, 2013 and Thu, Dec 12, 2013 is 28.45 with a coefficient of variation of 1.18. The daily time series for the period is distributed with a sample standard deviation of 0.33, arithmetic mean of 28.48, and mean deviation of 0.27. The ETF did not receive any noticable media coverage during the period.
IQ Global Resources ETF [GRES] is traded in USA and was established in October 27, 2009. The fund is listed under Natural Resources category and is part of IndexIQ family. This fund currently have 81.47 M in assets under management (AUM). IQ Global Resources ETF is currenly generating year-to-date return of -4.34% with the current yeild of 1.26%, while the total return for the last 3 years was 7.75%.
IQ Global Resources ETF is rated below average in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Natural Resources category is currently estimated at about 14.42 Billion. IQ Global maintains roughly 81.47 Million in net asset contributing less than 1% to ETFs under Natural Resources category.
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