Is First Trust Multi Cap Growth AlphaDEX ETF (FAD) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 15 2024
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Source: NASDAQ.COM
Overview of First Trust Multi Cap Growth AlphaDEX ETF: Launched in 2007, the FAD ETF aims to provide broad exposure to the All Cap Growth category using a smart beta strategy that selects stocks based on fundamental characteristics rather than market capitalization. It has approximately $204.85 million in assets and an expense ratio of 0.64%.
Performance and Comparison with Other ETFs: The FAD ETF has gained about 10.63% this year and 18.30% over the past year, with a medium risk profile. Investors may also consider lower-cost alternatives like iShares Morningstar Growth ETF and iShares Core S&P U.S. Growth ETF, which have significantly larger asset bases and lower expense ratios.
Analyst Views on ILCG
Wall Street analysts forecast ILCG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ILCG 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: 104.230
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Current: 104.230
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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.
