(JHEM) John Hancock Multifactor - Ratings and Ratios

The John Hancock Multifactor Emerging Markets ETF (JHEM) is an exchange-traded fund that focuses on investing in emerging market securities, potentially including frontier markets, with a multifactor approach that likely involves selecting stocks based on various fundamental and quantitative factors. This strategy aims to optimize returns by capturing multiple sources of excess return in the emerging markets universe.

JHEMs investment strategy involves holding a representative sample of securities from the underlying index, which is designed to track the performance of emerging market equities. The fund may also invest in depositary receipts representing securities in the index, allowing for diversified exposure to a broad range of emerging market companies. By targeting at least 80% of its assets towards these securities, JHEM seeks to closely mirror the performance of its benchmark index, providing investors with a straightforward way to access emerging markets.

Emerging markets, including frontier markets, offer potentially higher growth opportunities compared to developed markets, driven by factors such as rapid economic expansion, increasing consumer spending, and infrastructure development. However, they also come with higher volatility and risks, including political instability, currency fluctuations, and less mature financial systems. JHEMs multifactor approach is designed to mitigate some of these risks by diversifying across various factors that have historically driven returns in emerging markets.

Analyzing the , we observe that JHEMs price is currently at $29.13, slightly below its 52-week high of $29.32, and above its 200-day moving average of $26.96, indicating a relatively strong performance. The funds short-term and long-term moving averages (SMA20: $28.59, SMA50: $27.76) suggest an upward trend. The Average True Range (ATR) of 0.26, or 0.89%, indicates moderate volatility. Considering these technical indicators, and given the funds fundamental data, such as its Assets Under Management (AUM) of $614.85M USD, we can infer that JHEM is a sizable and relatively stable ETF within its category.

Forecasting JHEMs future performance involves analyzing both its technical and fundamental data. Given the current upward trend indicated by its moving averages and the funds sizable AUM, we can anticipate continued stability and potential for growth, driven by the multifactor investment strategy. If emerging markets continue to grow and the global economy remains relatively stable, JHEM is likely to benefit, potentially pushing its price towards or beyond its 52-week high. However, emerging market volatility and global economic shifts could impact this forecast. A potential target for JHEM could be in the range of $30 to $32 in the next 6 to 12 months, assuming favorable market conditions and continued growth in emerging markets. Conversely, a decline below $26.96 could signal a reversal in the trend, warranting a reassessment of the investment thesis.