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Stock impact report

VanEck Ties Latest Funds to Positive Analyst Sentiment [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
VanEck is looking to the experts for its latest strategy. The firm filed this week for two funds that hold companies with positive outlooks from analysts. Roughly 80% of allocations in the VanEck MSCI EAFE Analyst Sentiment ETF and the VanEck MSCI EM Analyst Sentiment ETF will be directed toward companies with favorable forward estimates for cash flow, earnings per share, price targets and sales, along with upgrades in analyst recommendations, according to SEC filings. The funds track the MSCI Europe, Australasia and Far East index and the MSCI Emerging Markets index, respectively. “It will be interesting to see how the track record of these funds develops since it may act as a kind of scorecard for analysts covering the stocks in each index,” said Zach Evens, a Morningstar manager research analyst. While fund managers often consider analyst sentiment as one of many inputs, Evens is unaware of any ETFs that explicitly and systematically allocate only to stocks with positive analyst Show less Read more
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