Are There Any Mutual Funds Left That Are Better Than ETFs?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
0mins
Source: MarketWatch
- Shift in Fund Structure: Transition from high-cost mutual funds to low-cost exchange-traded funds is logical and significant.
- Outflows from Mutual Funds: Open-end mutual funds experienced $93 billion in outflows during the first five months of the year, with $46 billion in April alone.
- Rational Behavior in Financial Markets: Despite the influence of fear and greed on stock prices, recent asset shifts appear rational and efficient.
- Comparison to Vulcan Logic: The shift in fund assets is so logical that it seems as if human traders were replaced by emotionless beings like Vulcans from Star Trek.
- Tipping Point Reached: The change in favored fund structure has recently reached a tipping point, indicating a notable trend in the financial markets.
Analyst Views on GGAL
Wall Street analysts forecast GGAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GGAL is 60.38 USD with a low forecast of 46.14 USD and a high forecast of 75.00 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.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 54.065
Low
46.14
Averages
60.38
High
75.00
Current: 54.065
Low
46.14
Averages
60.38
High
75.00
About GGAL
Grupo Financiero Galicia SA is an Argentina-based financial services holding company. The Company does not have operations of its own and conduct its business through its subsidiaries. Banco Galicia is the Company's main subsidiary and one of Argentina’s service banks. The Company's goal is to consolidate its position as one of Argentina’s comprehensive financial services providers while continuing to strengthen Banco Galicia’s position as one of Argentina’s banks. The Company seeks to broaden and complement the operations and businesses of Banco Galicia, through holdings in companies and undertakings whose objectives are related to and/or can produce synergies with financial activities. The Company's non-banking subsidiaries operate in financial and related activities.
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.
