ITB

iShares Dow Jones U.S. Home Construction Index Fund

Finance/Real Estate


Presented:07/08/2013
Price:$21.97
Cap:$2.14B
Current Price:$127.16
Cap:$15.62B

Presented

Date07/08/2013
Price$21.97
Market Cap$2.14B
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S97.55M
Ave Daily Vol5,500,000
Short IntN/A

Current

Price$127.16
Market Cap$15.62B
iShares Trust - iShares Dow Jones U.S. Home Construction Index Fund is an exchange traded fund launched by BlackRock Institutional Trust Company N.A. The fund is managed by BlackRock Fund Advisors. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the home construction sector. It seeks to replicate the performance of the Dow Jones U.S. Select Home Construction Index by using representative sampling. iShares Trust - iShares Dow Jones U.S. Home Construction Index Fund was formed on May 1, 2006 and is domiciled in the United States.

Highlights

US Homebuilders/ iShares Dow Jones U.S. Home Construction Index (ITB)

The presenter provided an update on his short US home construction thesis, and explained how the market remains too optimistic about the outlook for homebuilders and new-home formation in the US. In his opinion, the notion that there is pent-up demand for homes is false. Rather, he believes the demographic trends in the US market suggest there are – and will be - more sellers than buyers in the market (baby boomers are aging and looking to downsize, which outweighs demand from 20-55 year olds). He also explained how residential investment as a percentage of GDP (at 4.6%) is a two standard deviation number and household formation is in a secular decline.

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Idea Discussion

Commentor 1 - 2 weeks ago

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