Key details about this asset
Currency:
EUR
Ticker:
A500
Exchange:
Milan Stock Exchange (Borsa Italiana)
Asset type:
ETF
ISIN:
LU1681048804
First trade date:
March 22, 2018
Fees:
0.05%
Avg. daily volume:
8,378
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
• Low-cost – Fee efficiency drives outperformance in cost-sensitive macro regimes. Low expense ratio enhances returns during prolonged low-rate environments.
• North America focus – Geographic concentration amplifies growth in U.S. expansionary cycles. Strong domestic exposure benefits from sustained domestic demand trends.
• Sensitive sectors – Tech-heavy tilt excels in tech-driven bull markets and tech-led recoveries. Dominant exposure to cyclical growth drivers fuels momentum in tech-led expansions.
• High fee drag – Premium expense erodes returns in high-fee-sensitive regimes. Structural cost burden limits upside in low-cost asset allocation environments.
• Recovery volatility – Sharp drawdowns followed by rapid rebounds in recovery phases. Post-shock rebounds driven by liquidity and earnings expansion, not structural growth.