NEWS BITES - ETF
iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB), the largest Exchange Traded Fund by market cap in the United Kingdom, has decreased EUR23.80 (or 1.9%) from its last trading session of February 20 to close at EUR1,238.60 The ETF fell for a second day on Friday bringing its two-day fall to EUR32.30 or 2.5%. Compared with the Morgan Stanley Capital International United Kingdom Index [MSCI UNITED KINGDOM] which fell 54.8 points (0.5%) in the day, the relative price change was -1.4%. The fall was exacerbated by robust volume of 1.5 times the average daily volume of 101,645 units. Its MCap is EUR185.8 billion (US$200.5 billion).
| IMIB | Today | 1 Day ago | Week ago | Month ago |
| Price, EUR | 1,238.6 | 1,270.9 | 1,238.4 | 1,213.3 |
| MSCI UNITED KINGDOM | 12,236.52 | 12,291.27 | 12,227.69 | 12,561.36 |
THE PAST WEEK [Price up 1.0% to EUR1,262.40]
In the past week the ETF rose on 3 days, fell on 1 day and was untraded on 1 day.
| DAY | Headline | Close price [EUR] | Price Change % | Comment |
| Feb 20 | Hits year-high 4th time in three months | 1,262.4 | -0.67 | Steepest Fall |
| Feb 19 | Keeps rising: up 2.6% in 3 days | 1,270.9 | 1.58 | Top Rise |
| Feb 18 | In 2nd consecutive rise, nears a 31-month high | 1,251.1 | 0.06 | |
| Feb 17 | Increases 1.0% on low volume | 1,250.4 | 0.97 |
THE PAST QUARTER
iShares FTSE MIB UCITS ETF EUR (Dist) increases 4% in past quarter
iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB), has increased EUR44.70 (or 3.7%) in the past quarter to close at EUR1,238.60 today. Compared with the Morgan Stanley Capital International United Kingdom Index which rose 306.6 points (or 2.6%) in the past quarter, this represented a relative price increase of 1.2%.
SECTION 1
ISHARES FTSE MIB UCITS ETF EUR (DIST) BEARISH SIGNALS
1.1 Technicals:
Downtrend: The ETF dropped 1.9% on high volatility today.
1.2 Overbought/Bearish/Resistance Signals:
+ The Stochastic indicator of 90.2 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.
1.3 Low Performance Indicator:
| Description | Value | Rank In Market |
| Price Change % | -1.9 | In Bottom 7% |
SECTION 2
ISHARES FTSE MIB UCITS ETF EUR (DIST) BULLISH SIGNALS
2.1 Technicals:
+ The price increased 0.02% in the last week and lifted 2.1% in the last month.
+ The 2.6% discount to 12-month high of EUR1,271.80 against the 18.0% premium to 12-month low of EUR1,049.80 suggests the ETF continues to push for new highs.
+ In the last three months the ETF has hit a new 52-week high four times, pointing to an uptrend.
+ The present value of EUR1,000 (PV1000) invested one year ago in iShares FTSE MIB UCITS ETF EUR (Dist) is EUR1,176, for a capital gain of EUR176.
A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International United Kingdom Index [MSCI UNITED KINGDOM] is shown below:
| PV1000 | 1-week | 1-month | 1-year |
| IMIB.L | 1,000 | 1,021 | 1,176 |
| MSCI World | 996 | 1,020 | 1,165 |
| MSCI UNITED KINGDOM | 1,001 | 1,004 | 1,068 |
+ The present value of EUR1,000 (PV1000) invested five years ago in iShares FTSE MIB UCITS ETF EUR (Dist) is EUR1,285, including a capital gain of EUR284 and dividend reinvested of 90c.
+ 5 years Multiplier in EUR = 1.285x
+ Compound Annual Growth Rate (CAGR) in EUR = 5.2%
Present Value of USD1,000 invested 5 years ago:
+ The present value of USD1,000 (PV1000) invested five years ago in iShares FTSE MIB UCITS ETF EUR (Dist) is $US1,084, including a capital gain of $US84 and dividend reinvested of 76c.
+ 5 years ago EUR 1 equalled USD 1.2792
+ 5 years Multiplier in USD = 1.084x
+ Compound Annual Growth Rate (CAGR) in USD = 1.6%
2.2 High Performance Indicator:
| Description | Value | Rank In Market |
| Today's Turnover | EUR2.2 million (US$2.4 million) | In Top 4% |
SECTION 3
PRICE VOLUME DYNAMICS
3.1 The Best 3 weeks in the past quarter [Relative Price Change or RPC]
| Mon-Fri | Change % | MSCI UNITED KINGDOM Change % | RPC % | Vol Ind [1 is avg] |
| Feb 03-07 | 6.3 | 2.3 | 4 | 0.4 |
| Dec 16-20 | 4.9 | 3.1 | 1.8 | 1.5 |
| Jan 06-10 | 1.3 | -0.5 | 1.8 | 0.6 |
3.2 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]
| Mon-Fri | Change % | MSCI UNITED KINGDOM Change % | RPC % | Vol Ind [1 is avg] |
| Jan 27-31 | -3.2 | -4 | 0.8 | 0.7 |
| Dec 02-06 | -1.5 | -1.5 | -0.1 | 0.5 |
| Jan 20-24 | -1.4 | -1.1 | -0.2 | 0.7 |
3.3 Trailing 3 months
| Turnover | US$73.7 million |
| Volume | 4,808,063 |
| Volume Index (1 is avg) | 0.7 |
3.4 Trailing Price Change %
3-Year price change for IMIB was 27.8%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 31.8% in the 3 years, the relative price change was -3.9%.
| Price Change % | Quarter | Year | 3 Years |
| IMIB | 3.7 | 17.6 | 27.8 |
| MSCI World | 6.3 | 16.1 | 31.8 |
3.5 Year-on-Year Comparison (Trailing year - ended 31 Dec)
In the past 5 years, IMIB has jumped 27.5% from 935.09 to 1,191.9, an average annual compound rise of 5.0%.
| 2019 | 2018 | 2017 | 2016 | 2015 | |
| Close | 1,191.9 | 987.95 | 1,166.7 | 986.92 | 935.09 |
| % Price Change | 5.6 | 37.9 | -17.8 | -6.4 | 30.5 |
| Avg Daily Volume | 258,222 | 284,098 | 864,367 | 553,400 | 637,917 |
| VWP | 1,186.23 | 931.85 | 908.02 | 972.14 | 983.58 |
| Turnover Period | 1 yr 54 d | 1 yr 2 mo | 3 mo | 6 mo | 8 mo |
| Price Range | 978.3 - 1,243.6 | 953.4 - 1,296.4 | 934.78 - 1,257.1 | 740.71 - 1,110.57 | 776.59 - 1,055.99 |
In the past 4 years average daily volume has declined 59.5% from 637,917 units to 258,222 units. Turnover period has increased from 8 months to 1 year 54 days. This indicates a larger number of core investors, making a long-term investment safer.
Aggregate Volumes, Prices and Turnover Period:
[Volume Index or VI in brackets; 1 is average]
+ Italy: IMIB.MI 138,675 [VI of 1.8] volume 91.703% of aggregate. Price: EUR14.80.
+ United Kingdom: IMIB.L 12,547 [VI of 1.6] volume 8.297% of aggregate. Price: GBX1,238.60.
+ Aggregate volume: there were 151,222 units of iShares FTSE MIB UCITS ETF EUR (Dist) worth EUR2.2 million traded today. The aggregate volume was 1.8 times average trading of 83,000 units.
SECTION 4
RANKING
4.1 Global Rank out of 4,305 ETFs
The present value of $US1,000 invested a year ago is $US1,120, ranking it 1437 out of 4,305 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 48.
| Description | Value | Rank | Quartile |
| Net Assets (US$) | 285.6M | 1176 | Second |
| Rel Strength 6 Mo (US$) | 48 | 2226 | Third |
| PV$1000 (1Year) US$* | 1,120 | 1437 | Second |
* 1 year ago EUR 1 equalled USD 1.1332
Feb 21, 2020: EUR 1 equals USD 1.0793
4.2 Rank in the Total United Kingdom ETF Market [out of 491 ETFs]
| Description | Value | Rank |
| Rel Strength 6 Mon (GBP) | 71 | 143 |
| PV1000-1Year (GBP) | 1,176 | 55 |
SECTION 5
PROFILE
5.1 Description
iShares FTSE MIB UCITS ETF EUR (Dist) is an open-end, UCITS compliant exchange traded fund incorporated in Ireland. The Fund tracks the FTSE MIB Index.
5.2 SNAPSHOT
iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB)
ISIN: IE00B1XNH568
| Inception Date | July 06, 2007 |
| Expense Ratio | 0.3% of average net assets |
| Category | Italy Equity |
| Asset Class | Equity ETF |
5.3 ETF Summary
| Last | EUR1,262.40 |
| Volume | 25,462 |
| Volume Index (1 is avg) | 0.3 |
| Market Cap | EUR189.4 billion [US$204.4 billion] |
| Day's Range | 1,262.40 - 1,271.80 |
| 52-Week Range | 1,049.80 - 1,271.80 |
| Units Outstanding | 150,000,000 |
| Relative Strength (3 mo) | 64 |
5.4 Management Fees
+ The management fee is 0.35% of total assets
IMIB.L
Source: www.BuySellSignals.com