About IJH ETF
Overview:
The BlackRock SP Midcap ETF (IJH) has investments in mid-capitalization U.S. equities and is managed by BlackRock that has a total AUM of $6.28T.
IJH is an exchange-traded fund incorporated in the USA in May 2000.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
Investment Strategy:
The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities.
Sector:
IJH has invested in Technology (16%), Financials (16%), Industrials (15%), Consumer Cyclical (13%), and Healthcare (9%).
Geography:
IJH has invested 100% of its assets in the U.S.
Recommended for:
Growth
IJH looks at smaller companies relative to S&P Mid-Cap 400 benchmark. In fact, the fund and the benchmark have very few holdings in common.
According to ETFdb.com, "This ETF is one of several ETFs available that offers exposure to mid-cap U.S. stocks, an asset class that can make up a significant portion of long-term, buy-and-hold portfolios."
Additional Information:
1. Fund Factsheet
2. The Top 5 Mid Cap Core ETFs (IJH, VO)
3. The 7 Best ETFs for a Set-and-Forget Portfolio
How did we identify this ETF:
A complete pool of 2100+ ETFs is screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta, and R-squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility, and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the in-house research/quant analysts team. With the largest asset base in the space, hefty median daily volume, and extremely tight spreads, IJH offers great liquidity. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
