Global manufacturing and services PMIs are gradually picking up momentum and rebounding from the prior drastic plunge. Investors may be rotating back into cyclical soon.
However, no harm adding a defensive counter into your portfolio. The consistent long-term trend looks healthy. There is a clear resistance at around the $70 level. Depending on your investing style (lump sum or RSP), may want to wait for it to be surpassed to confirm upside momentum.
A number of useful charts and checklist of iShares Global Healthcare ETF can be found via https://dl.orangedox.com/fund-analysis-pdfs to help you make a more well-informed decision.
File Name: ISHARES GLOBAL HEALTHCARE ET (IXJ US Equity)_updated_130720
Global manufacturing and services PMIs are gradually picking up momentum and rebounding from the prior drastic plunge. Investors may be rotating back into cyclical soon.
However, no harm adding a defensive counter into your portfolio. The consistent long-term trend looks healthy. There is a clear resistance at around the $70 level. Depending on your investing style (lump sum or RSP), may want to wait for it to be surpassed to confirm upside momentum.
A number of useful charts and checklist of iShares Global Healthcare ETF can be found via https://dl.orangedox.com/fund-analysis-pdfs to help you make a more well-informed decision.
File Name: ISHARES GLOBAL HEALTHCARE ET (IXJ US Equity)_updated_130720