Key details about this asset
Currency:
EUR
Ticker:
PSP5
Exchange:
Euronext Paris
Asset type:
ETF
ISIN:
FR0011871128
First trade date:
May 20, 2014
Fees:
0.15%
Avg. daily volume:
48,722
Generated by AI based on asset data
Sensitive
57.45%
Cyclical
25.08%
Defensive
15.98%
Information Technology
36.88%
Financials
12.58%
Consumer Discretionary
10.66%
Communication Services
10.38%
Health Care
8.96%
Industrials
7.40%
Consumer Staples
4.68%
Energy
2.79%
Utilities
2.34%
Real Estate
1.84%
North America
100.00%
United States of America
100.00%
Generated by AI based on asset data
• 📈 Diversified exposure wins in growth-driven cycles Strong sector tilt toward sensitive and cyclical sectors fuels outperformance in expansionary macro regimes, benefiting from tech and consumer-led momentum.
• 💰 Fee drag risks in high-turnover regimes Expense ratio drag could erode returns during volatile, high-frequency trading periods where active management costs amplify drag.
• 🌍 Concentrated North America vulnerability Geographic focus on U.S. markets amplifies exposure to policy shocks, currency swings, and regulatory changes in global risk-on/off cycles.
• 🔄 Recoveries often liquidity-driven, not earnings-led Post-crisis rebounds typically follow liquidity surges rather than sustained earnings growth, leaving upside unevenly distributed.