4 Top-Performing Active ETFs of 1H
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2024
0mins
Source: NASDAQ.COM
- Shift in Investing Trends: The investing landscape has seen changes with a shift towards actively managed ETFs due to evolving market conditions and investor sentiment.
- Growth of Active ETFs: Active ETFs are gaining popularity, with an expected record-breaking $260 billion in assets this year, nearly double from the previous year.
- Performance and Assets: Active ETFs in the U.S. market have total assets of $684.5 billion across 1,479 products, experiencing significant growth and organic rate exceeding 30% annually.
- Future Outlook: While active funds currently make up 7% of total ETF assets, they are projected to surpass passive offerings in the next three to five years.
- Top Performing ETFs: Highlighted winning active ETFs of 2024 include First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), Roundhill Magnificent Seven ETF (MAGS), Fidelity Blue Chip Growth ETF (FBCG), and ProShares Ether Strategy ETF (EETH).
Analyst Views on MAGS
Wall Street analysts forecast MAGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAGS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 63.640
Low
Averages
High
Current: 63.640
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
