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Seaferer20 » Comments » IGN
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3 ETFs to Consider for a Market Correction [View article]
I can't quite agree with your suggestion that IGN is an ETF to consider for a market correction. It closed Friday (8/7) at $24.89, its 50-day MA is $23.85 and its 200-day MA is $19.24, $5.65 or, even more importantly, a whopping 29% below its current NAV. A market correction could lead to a relatively large loss for this ETF. Its alpha is a slight 10, low for a technology fund, but I'd wait for the correction to happen before pushing cash to work.