Conditions for the broader markets look unappealing and KXI’s heavyweights have low sensitivity quotients to the benchmarks. Promotions may pick up in the food and beverage space as companies compete for shelf space. KXI’s forward earnings potential is 3x lower than a diversified basket of international stocks, and the associated forward P/E differential is very large.
iShares Global Consumer Staples ETF (KXI): Conditions Feel Right
Conditions for the broader markets look unappealing and KXI’s heavyweights have low sensitivity quotients to the benchmarks. Promotions may pick up in the food and beverage space as companies compete for shelf space. KXI’s forward earnings potential is 3x lower than a diversified basket of international stocks, and the associated forward P/E differential is very large.