Is Hartford Multifactor Developed Markets (ex-US) ETF (RODM) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
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Source: NASDAQ.COM
Overview of Hartford Multifactor Developed Markets ETF: The Hartford Multifactor Developed Markets (ex-US) ETF (RODM), launched in 2015, aims to provide broad exposure to developed markets outside the US and has a current market cap of over $1.13 billion, with an expense ratio of 0.29% and a 12-month trailing dividend yield of 3.74%.
Performance and Comparison with Other ETFs: RODM has shown a return of approximately 21.75% over the past year, making it a medium-risk investment option; however, investors may also consider lower-cost alternatives like Vanguard's Total International Stock ETF (VXUS) and FTSE Developed Markets ETF (VEA), which have lower expense ratios and larger asset bases.
Analyst Views on RODM
Wall Street analysts forecast RODM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RODM 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: 37.810
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Current: 37.810
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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.
