URTH: Global Stocks Are Likely To Power Higher

Feb. 06, 2022 3:20 AM ETiShares MSCI World ETF (URTH)
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  • URTH is an effective global equity diversifier; the fund invests across the world in "Developed Markets" (including the United States).
  • Based on current prices, URTH likely offers more upside. A protracted bear market, or significant further decline, is unlikely given that valuations are not particularly expensive in aggregate.
  • While the United States may be maturing in its current business cycle, the current earnings growth trajectory would seem to support further upside across URTH's global portfolio.
  • I think recent weakness is owing mainly to increased (perceived) global economic uncertainty as we head into 2022. But I do not believe recent risk-off moves are justified yet.

Asia At Night - Planet Earth, City Lights, Space

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iShares MSCI World ETF (NYSEARCA:NYSEARCA:URTH) is an exchange-traded fund that provides global equity exposure, including U.S. equity exposure. The fund is relatively low cost for iShares funds, with an expense ratio of 0.24%, and the fund is an effective

URTH Geographical Exposures


URTH Portfolio Exposures


U.S. Business Cycle Positioning


URTH Price Action


URTH Cost of Equity Estimate

Author's Calculations

URTH Valuation Gauge

Author's Calculations

This article was written by

Hedge Insider profile picture
Providing commentary and analysis, principally focused on global macro, foreign exchange, and equities as an asset class. Primary interests include equity investing from an international perspective, and FX fair values.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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