On the surface, the first-quarter performance delivered by CARZ does not look overly impressive, but combine bad weather in the U.S. with the ETF’s 33.3% weight to Japan, by far the ETF’s largest country weight, and CARZ looks solid. That is especially true when considering the yen’s rise as a flight to safety play left some Japan ETFs ranked among the first quarter’s worst performers. [First Quarter’s Worst ETFs]
“Investors looking for a seasonal trade will want to see improving technical signs before entering. A move above US$40.68 will attract technical buying,” according to the Globe and Mail.
First Trust NASDAQ Global Auto Index Fund
ETF Trends editorial team contributed to this post.