Look Under The Hood: PHDG Has 10% Upside
May 23, 2016 at 07:23 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares S&P 500 Downside Hedged Portfolio ETF (PHDG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $27.10 per unit.