7 Promising ETFs Under $20

This fund offers exposure to well-diversified 50 stocks selected principally based on dividend yield and consistent growth in dividends. It tracks the NASDAQ US Dividend Achievers 50 Index, charging 54 bps in fees from investors. Utilities, consumer staples, financials and energy are the top four sectors accounting for double-digit exposure each. The product has amassed $750.4 million in AUM and sees average daily volume of 183,000 shares a day. It has a Zacks ETF Rank #3 with a Medium risk outlook.

iShares MSCI Global Gold Miners ETF (RING - Free Report) – Last Closing Price: $17.39

This ETF offers global exposure to companies that derive the majority of their revenues from gold mining by tracking the MSCI ACWI Select Gold Miners Investable Market Index. It holds 36 securities in its portfolio with double-digit concentration on the top two firms. Canadian firms take more than half of the portfolio, while the United States and Australia round out the top three with double-digit exposure each. RING is the cheapest choice in the gold mining space, charging 39 bps in fees and expenses. The fund has been able to manage assets worth $205 million and trades in good volume of 273,000 shares per day.

Fidelity MSCI Energy Index ETF (FENY - Free Report) – Last Closing Price: $17.46

The fund targets the broad energy sector and follows the MSCI USA IMI Energy Index. It holds 133 stocks in its basket with heavy concentration on the top two firms that collectively make up for a 38.19 share. The product charges 8 bps in annual fees and trades in a good volume of around 343,000 shares. It has accumulated $472.6 million in its asset base and has a Zacks ETF Rank #3 with a High risk outlook.

Bottom Line

The above-mentioned ETFs should draw the attention of investors seeking to accumulate a larger number of low-priced funds that are poised to outperform. Even small investors could add a decent holding of some of these names with a modestly sized investment. These products could fetch higher returns.

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