Our Algo Engine generated a buy signal yesterday in the SPDR S&P World ex Australia ETF.
The signal was triggered at $21.63 as the stock retraced back to form a “higher low” formation. $20.50 is also a relevant price target from the high back in 2015. Investors wanting to add global portfolio exposure through one simple transaction may consider this ETF.
3 year average annual return is running at around 9%.
If investors wanted to play a US dollar recovery, they may opt for the un- hedged WXOZ ETF.