BlackRock just did its first mutual fund-to-ETF conversion. Here’s why.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
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Source: MarketWatch
BlackRock's Transition: BlackRock has converted its International Dividend Fund into an actively managed exchange-traded fund (ETF), marking its first U.S.-listed active ETF.
Investor Demand: This move reflects the growing interest among investors for actively managed ETFs that focus on high-quality, dividend-paying stocks in both developed and emerging international markets.
Analyst Views on WCMI
Wall Street analysts forecast WCMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WCMI 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.
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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.
