iShares is one of the leading global providers of exchange-traded funds (ETFs) and offers more than 800 products worldwide. These ETFs provide investors with a convenient and cost-effective way of gaining exposure to diverse industries. Today, we have focused on two iShares ETFs – MCHI and RING – with more than 20% upside potential projected by analysts over the next twelve months.
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Let’s take a look at what Wall Street thinks about these two ETFs.
iShares MSCI China ETF (MCHI)
The MCHI ETF provides exposure to large and mid-sized companies in China. It has $5.13 billion in assets under management (AUM), with the top 10 holdings contributing 40.86% of the portfolio. Meanwhile, the expense ratio of 0.59% is encouraging.
On TipRanks, MCHI has a Moderate Buy consensus rating. This is based on the consensus rating of each stock held in the portfolio. Of the 658 stocks held, 121 have Buys, 531 have Hold ratings, and six have Sell ratings. The analysts’ average price target on the MCHI ETF of $51.51 implies a 28.62% upside potential from the current levels. The MCHI ETF has gained nearly 3% in the past three months.
iShares MSCI Global Gold Miners ETF (RING)
The RING ETF helps investors to diversify their portfolios by providing exposure to global gold mining stocks. RING has $420.4 million in AUM, with its top 10 holdings contributing 70.99% of the portfolio. Notably, its expense ratio stands at 0.39%.
On TipRanks, RING has a Moderate Buy consensus rating. Of the 38 stocks held, 22 have Buys, 15 have a Hold rating, and one has a Sell rating. The average price target of $28.37 implies a 21.36% upside potential from the current levels. The ETF has declined 2.2% in the past three months.
Concluding Thoughts
ETFs offer several benefits to investors including higher liquidity, low costs, and portfolio diversification. Investors looking for potential ETF recommendations could consider MCHI and RING due to the solid upside potential expected by analysts.
