Related: ESG ETFs Can Act as Core Portfolio Positions
While it’s still early, the warnings about currency risk, notably a stronger greenback, indicates multinational firms could face an increasingly tough period ahead. S&P 500 companies previously generated one of their strongest quarterly earnings, partly due to a depreciating U.S. dollar – the weaker dollar benefits large-cap U.S. multinationals by making exports cheaper to foreign buyers and also causing overseas profits to look bigger when converted back into USD.
PSCH has $1.35 billion in assets under management, of which nearly $909 million has flowed into the fund just this year.
For more information on the markets, visit our current affairs category.