iM Global Partner's DBi Managed Futures Strategy ETF (DBMF) Earns Overall 5-Star Morningstar Rating™
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2024
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Morningstar Rating Achievement: The iMGP DBi Managed Futures Strategy ETF (DBMF) has received a 5-Star Morningstar rating, ranking it in the top 10% of funds in its category as of June 30, 2024, coinciding with its 5th anniversary.
Investment Strategy and Performance: DBMF utilizes a multifactor model to replicate hedge fund returns and has outperformed both the SG CTA Index and its Morningstar category peers, currently managing $1.1 billion in assets.
Analyst Views on DBMF
Wall Street analysts forecast DBMF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DBMF 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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Current: 29.490
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Current: 29.490
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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.
