Global exchange-traded fund - ISHARES PLC ISHARES GLOBAL CORPORATE BOND

UK

ISH GLOBAL CORP drops on high volatility 13 July, 2017

NEWS BITES - ETF

ISHARES PLC ISHARES GLOBAL CORPORATE BOND (L:CRPS), the 39th largest Exchange Traded Fund by market cap in the United Kingdom, traded between an intraday low of GBP75.65 and a high of GBP76.44. The average daily volatility of 1.6% places the ETF in the 1st quartile in the market meaning it is highly volatile. The ETF price has decreased 32.0 GBX (or 0.4%) from its last trading session of July 11, 2017 to close at GBP75.90. The volume was 0.1 times the average daily trading of 10,093 units.

Price Change %1 Month3 Month6 Month1 Year
CRPS-1.0-0.4-3.70.4
MSCI UNITED KINGDOM-1.12.03.415.4

SECTION 1

ISH GLOBAL CORP BEARISH SIGNALS

1.1 Technicals:

+ The price decreased 1.0% in the last month.

1.2 Low Performance Indicators:

DescriptionValueRank In Market
Volatility %1.0In Bottom Quartile
Price Change %-0.4In Bottom Quartile

SECTION 2

ISH GLOBAL CORP BULLISH SIGNALS

2.1 Technicals:

+ The 6.0% discount to 12-month high of GBP80.74 against the 92.9% premium to 12-month low of GBP39.34 suggests the ETF continues to push for new highs.

+ The present value of GBP1,000 (PV1000) invested three years ago in ISH GLOBAL CORP is GBP1,352, including a capital gain of GBP256 and dividend reinvested of GBP95.

+ 3 years Multiplier in GBP = 1.352x

+ Compound Annual Growth Rate (CAGR) in GBP = 10.5%

Present Value of USD1,000 invested 3 years ago:

+ The present value of USD1,000 (PV1000) invested three years ago in ISH GLOBAL CORP is $US1,020, including a capital loss of $US52 and dividend reinvested of $US72.

+ 3 years ago GBP 1 equalled USD 1.7108

+ 3 years Multiplier in USD = 1.02x

+ Compound Annual Growth Rate (CAGR) in USD = 0.7%

2.2 Oversold/Bullish/Support Signals:

+ The Relative Strength Index (RSI) of 27.9 has breached the oversold line of 30, suggesting the price decrease of 1.8% in the last 14 days is unusually high.

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Technicals:

+ Volume: there were 1,485 units worth GBP112,855 (US$145,741) traded today. In the past week, volume was 0.04 times average and the units were up 0.1%.

+ The present value of GBP1,000 (PV1000) invested one year ago in ISH GLOBAL CORP is GBP1,038, comprising a capital gain of GBP4 and dividend reinvested of GBP33.

PV10001-week1-month1-year
CRPS.L1,0019901,038
Morgan Stanley Capital International World Index [MSCI World]1,0151,0081,143
Morgan Stanley Capital International United Kingdom Index1,0119981,154

3.2 Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverGBP112,855 (US$145,741)In 3rd Quartile

3.3 Year-on-Year Comparison (Trailing year - ended 30 Jun)

In the past 4 years, CRPS has jumped 19.6% from 63.26 to 75.63, an average annual compound rise of 4.6%.

20172016201520142013
Close75.637460.3860.3463.26
% Price Change2.222.60.1-4.6
Avg Daily Volume8,9864,0244,4831,5791,208
VWP76.1563.9163.1361.0964.17
Turnover Period1 yr 10 mo5 yrs 7 mo4 yrs 6 mo10 yrs 11 mo24 yrs 3 mo
Price Range39.34 - 80.7460.46 - 74.3959.83 - 66.6459.78 - 65.4361.78 - 67.91

In the past 4 years average daily volume has jumped 643.9% from 1,208 units to 8,986 units. Turnover period has decreased from 24 years 3 months to 1 year 10 months.

3.4 Beta:

+ Beta: the Beta is 0.5. A Beta lower than 1 suggests this is a low risk, low return ETF with volatility less than that of the market.

SECTION 4

RANKING

4.1 Global Rank out of 5,760 ETFs

The present value of $US1,000 invested a year ago is $US1,032, ranking it 3156 out of 5,760 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 39.

DescriptionValueRankQuartile
Net Assets (US$)1.3B499Top
Price/NAV1.02385Top
Rel Strength 6 Mo (US$)393540Third
PV$1000 (1Year) US$*1,0323156Third

* 1 year ago GBP 1 equalled USD 1.2983

Jul 13, 2017: GBP 1 equals USD 1.2914

4.2 Rank in the Total United Kingdom ETF Market [out of 605 ETFs]

DescriptionValueRank
Rel Strength 6 Mon (GBP)56264
PV1000-1Year (GBP)1,038176

SECTION 5

PROFILE

5.1 Description

iShares Global Corporate Bond UCITS ETF is an open-end, UCITS compliant exchange traded fund incorporated in Ireland. The Fund aims to track the performance of the Barclays Global Aggregate Corporate Bond Index. The fund distributes income received to shareholders.

5.2 SNAPSHOT

ISHARES PLC ISHARES GLOBAL CORPORATE BOND (L:CRPS)

ISIN: IE00B7J7TB45

Inception DateSeptember 25, 2012
Expense Ratio0.2% of average net assets
CategoryCorporate-Fixed Income
Asset ClassFixed Income ETF

5.3 Management Fees

+ The management fee is 0.2% of total assets

SECTION 6

DIVIDEND

Dividend:1.2
Dividend Date:March 16, 2017
Dividend Yield:3.3%
Annual Dividend:GBP2.50

SECTION 7

TOP HOLDINGS

7.1 Top Holdings (February 21, 2017)

HoldingsWeight (%)
Institutional Cash Series PLC0.4
JGB 1.3 03/20/19 #2990.4
JGB 1 09/20/20 #3100.4
Institutional Cash Series PLC0.3
ABIBB 2.65 02/01/210.2
ABIBB 4.9 02/01/460.2
GE 2 02/22/170.2
GE 4.418 11/15/350.1
LLOYDS 5 09/03/190.1
VZ 5.15 09/15/230.1

CRPS.L

Source: www.BuySellSignals.com