iShares North American Natural Resources ETF [IGE] Stock Forecast

The iShares North American Natural Resources ETF is a strong exchange-traded fund for investors looking to gain exposure to North American companies in the natural resources sector. The IGE ETF has a low expense ratio of 0.41% and holds a diverse range of companies involved in the exploration, production, or distribution of natural resources. The fund's top holdings are concentrated in the energy sector, and while it has lagged behind pure play energy funds, it offers a more diversified option for investors.

iShares North American Natural Resources ETF (IGE) tracks an index of U.S. natural resource companies. IGE focuses on the energy and materials sectors, while specifically excluding the Chemical and Steel industries.

IGE is a broad portfolio of US oil companies. Capacity is very tight, with refineries and rigs being underinvested, and the capacity for OPEC production growth is ultimately pretty limited.

At the end of June, VettaFi asked advisors about their growing interest in commodities during a webcast hosted with Direxion, and I was pleasantly surprised. While 50% of respondents said they were currently getting exposure to commodity markets through a broad commodity basket, only 31% chose precious metals options of gold or silver.

While the energy sector is shining, other sectors are caught up in the sharp market sell-off, with technology bearing the brunt the most. However, a few ETFs have defied the turmoil and are up this year.

Energy stocks and exchange-traded funds (ETFs) were a popular bet heading into 2022. So far, so good – the sector has been by far and away the best performer in the young year.

The S&P 500 has dropped more than 9% so far in 2022, while the tech-heavy Nasdaq is in the correction territory plunging about 15%.

Wall Street has seen a rocky start to 2022, with the major bourses registering losses for the second consecutive week. Against such a backdrop, a few corners of the stock market are performing well.

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iShares North American Natural Resources ETF is a US stock and trading under the symbol IGE

iShares North American Natural Resources ETF stock price is $39.59 today.

Yes, iShares North American Natural Resources ETF is a publicly traded company.