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Spdr Msci Acwi Imi
SPDR MS CI ACWI IMI ETF (ACIM) is an exchange-traded fund that tracks the MS CI All Country World Index, which includes large- and mid-cap stocks from developed and emerging markets. The fund is designed to provide investors with a diversified portfolio of equities across the globe.
Here are some key points to consider about ACIM's performance, earnings, and growth:
1. Performance: ACIM has a one-year return of around 25%, outperforming the S&P 500's return of around 16%.
2. Holdings: The fund holds around 1,300 stocks from various sectors and countries, with the top holdings including Microsoft, Amazon, Apple, Alphabet (Google), and Facebook.
3. Sector allocation: Information technology constitutes the largest sector allocation of around 23%, followed by financials, healthcare, consumer discretionary, and industrials.
4. Geographic allocation: The fund invests in companies from 23 developed and 24 emerging markets countries. The United States makes up the largest allocation at around 62%, followed by Japan, the United Kingdom, Canada, and Germany.
5. Market capitalization: The fund invests in a mix of large- and mid-cap companies, with around 60% of its portfolio concentrated in its top 10 holdings.
6. P/E ratio: ACIM's weighted average P/E ratio is around 21.4x, which is slightly higher than the S&P 500's forward P/E ratio of around 20.9x.
7. Earnings growth: The fund' \s underlying holdings have experienced double-digit earnings growth in recent years, boosted by the global economic recovery and technological advancements.
8. Valuation: ACIM's price-to-book ratio is around 2.5, indicating a slight premium compared to the S&P 500's price-to-book ratio of around 3.4.
9. Yield: ACIM's 12-month distribution yield is around 2.32%.
10. Trading: ACIM has an average trading volume of around 1.1 million shares, and its trading price is typically close to its net asset value.
11. Expenses: The fund's expense ratio is 0.07%, which is lower than actively managed mutual funds but slightly higher than some other ETFs tracking similar indices.
12. Manager tenure: The fund's managers, Michael Fee and Karl Schneider, have been managing ACIM since 2015 and 2016, respectively.
ACIM has been a popular choice for investors seeking diversification and global exposure, especially during the recent growth-oriented market conditions. However, as with any investment, it's essential to evaluate your individual financial goals and risk tolerance before investing in ACIM or any other financial instrument.