តើធ្វើដូចម្តេចដើម្បីជៀសវាង ETFs វិស័យអាក្រក់បំផុត 1Q23

សំណួរ៖ ហេតុអ្វីបានជាមាន ETFs ច្រើនម្ល៉េះ?

Answer: ETF issuance is profitable, so Wall Street keeps creating more products to sell.

I leverage my firm’s data to identify three red flags you can use to avoid the worst ETFs:

1. សាច់ប្រាក់មិនគ្រប់គ្រាន់

បញ្ហា​នេះ​គឺ​ងាយ​បំផុត​ដើម្បី​ជៀស​វាង ហើយ​ដំបូន្មាន​របស់​ខ្ញុំ​គឺ​សាមញ្ញ។ ជៀសវាង ETFs ទាំងអស់ដែលមានទ្រព្យសកម្មតិចជាង $100 លានដុល្លារ។ កម្រិតទាបនៃសាច់ប្រាក់ងាយស្រួលអាចនាំឱ្យមានភាពខុសគ្នារវាងតម្លៃនៃ ETF និងតម្លៃមូលដ្ឋាននៃមូលបត្រដែលវាកាន់កាប់។ ETFs ខ្នាតតូចក៏មានបរិមាណជួញដូរទាបផងដែរ ដែលបកប្រែទៅជាថ្លៃដើមនៃការជួញដូរកាន់តែខ្ពស់តាមរយៈការរីករាលដាលការដេញថ្លៃធំជាង។

2. ថ្លៃសេវាខ្ពស់។

ETFs គួរតែមានតម្លៃថោក ប៉ុន្តែមិនមែនទាំងអស់សុទ្ធតែមាននោះទេ។ ជំហានដំបូងនៅទីនេះគឺការគូសចំណាំនូវអ្វីដែលថោកមានន័យ។

To ensure you are paying average or below average fees, invest only in ETFs with total annual costs below 0.51%, the average total annual costs of the 287 U.S. equity Sector ETFs my firm covers. The weighted average is lower at 0.24%, which highlights how investors tend to put their money in ETFs with low fees.

Figure 1 shows ETFis Series Trust InfraCap MLP ETF (AMZA) is the most expensive sector ETF and Schwab U.S. REIT ETF ឆ.ស
is the least expensive. AdvisorShares (BEDZ, EATS) provides two of the most expensive ETFs while Fidelity FENY
, FSTA,FNCL
ETFs ស្ថិតក្នុងចំណោមតម្លៃថោកបំផុត។

រូបភាពទី 1: 5 ETFs វិស័យចំណាយច្រើនបំផុត និងតិចបំផុត។

Investors need not pay high fees for quality holdings. Fidelity MSCI Energy Index ETF (FENY) is the best ranked sector ETF in Figure 1. FENY’s neutral Portfolio Management rating and 0.09% total annual cost earns it a very attractive rating. VanEck Steel ETF (SLX) is the best ranked sector ETF overall. SLX’s very attractive Portfolio Management rating and 0.61% total annual cost also earns it a very attractive rating.

Despite having low total annual costs of 0.08%, Schwab U.S. REIT ETF (SCHH) holds poor stocks and earns a very unattractive rating. No matter how cheap an ETF looks, if it holds bad stocks, its performance will be bad.

3. ការកាន់កាប់ក្រីក្រ

An ETF’s holding have more weight in determining overall performance than its costs. Therefore, avoiding poor holdings is the most important (and hardest) part of avoiding bad ETFs. Figure 2 shows the ETFs within each sector with the worst holdings or portfolio management ratings.

រូបភាពទី 2៖ វិស័យ ETFs ជាមួយនឹងការកាន់កាប់ដ៏អាក្រក់បំផុត។

Invesco (PSCM
, PSCC,ភី។ ជ។ ជ
, PSCF) appears more often than any other providers in Figure 2, which means that they offer the most ETFs with the worst holdings.

Tidal Residential REIT Income ETF (HAUS) is the worst rated ETF in Figure 2 based on my predictive overall rating. State Street SPDR S&P Internet ETF XWEB
, State Street SPDR S&P Health Care Equipment ETF XHE
, ProShares Online Retail ETF តែមួយគត់
, U.S. Global Jets ETF យន្តហោះ
, Fidelity MSCI Utilities Index ETF FUTY
, and Invesco Dynamic Oil & Gas Services ETF (PXJ) also earn a very unattractive predictive overall rating, which means not only do they hold poor stocks, but they also charge high total annual costs.

គ្រោះថ្នាក់នៅខាងក្នុង

Buying an ETF without analyzing its holdings is like buying a stock without analyzing its business and finances. To put it differently, research on ETF holdings is necessary due diligence because an ETF’s performance is only as good as its holdings.

PERFORMANCE OF ETF’s HOLDINGS – FEES = PERFORMANCE OF ETF

ការបង្ហាញ៖ David Trainer, Kyle Guske II, និង Italo Mendonça មិនទទួលបានសំណងក្នុងការសរសេរអំពីភាគហ៊ុន វិស័យ ឬប្រធានបទជាក់លាក់ណាមួយឡើយ។