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MUSQ - ETF AI Analysis
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MUSQ Global Music Industry ETF (MUSQ)
Rating:61Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key positions, including Spotify and Tencent Music, have delivered strong year-to-date performance, supporting the ETF's overall gains.
Sector Focus on Growth Areas
The ETF is heavily weighted in Communication Services and Technology, sectors with potential for long-term growth.
Global Exposure
The fund includes companies from multiple countries, providing diversification beyond the U.S. market.
Negative Factors
High Expense Ratio
The ETF charges a relatively high fee compared to many other funds, which could eat into investor returns over time.
Underperforming Holdings
Some positions, such as CTS Eventim and Yamaha, have shown weak year-to-date performance, dragging on the fund's momentum.
Overweight in U.S. Market
With over 62% of assets in U.S. companies, the fund is heavily exposed to the performance of the domestic market.
MUSQ vs. SPDR S&P 500 ETF (SPY)
AUM24.02M
RegionGlobal
Expense Ratio0.76%
Beta0.84
IssuerMUSQ
Inception DateJul 06, 2023
Dividend Yield0.92%
Asset ClassEquity
Index TrackedMUSQ Global Music Industry Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume266
30 Day Avg. Volume588
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
33.52Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MUSQ Summary
The MUSQ Global Music Industry ETF (MUSQ) is an investment fund that focuses on companies involved in the global music industry, such as streaming services, live entertainment, and music production. It tracks the MUSQ Global Music Industry Index and includes well-known companies like Spotify and Live Nation Entertainment. This ETF offers a way to invest in the growing music sector while providing diversification across regions and industries. However, new investors should be aware that its performance can be heavily influenced by trends in the entertainment and technology sectors.
How much will it cost me?The MUSQ Global Music Industry ETF has an expense ratio of 0.76%, meaning you’ll pay $7.60 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a specialized niche in the music industry.
What would affect this ETF?The MUSQ Global Music Industry ETF could benefit from growing consumer demand for music streaming services, live entertainment, and technological advancements in the music sector, as well as global diversification across key players like Spotify and Apple. However, it may face challenges from economic downturns that reduce discretionary spending on entertainment, regulatory changes affecting the media industry, or competition within the technology and streaming sectors. Its exposure to companies like Live Nation and Tencent Music highlights both opportunities and risks tied to global economic and industry-specific trends.
MUSQ Top 10 Holdings
The MUSQ Global Music Industry ETF strikes a chord with its focus on the music and entertainment sector, but recent performance has been a mixed bag. Alphabet and Apple are hitting high notes, with steady growth fueled by innovation in AI and services, respectively. Meanwhile, Spotify and Live Nation are lagging, weighed down by bearish momentum and valuation concerns. Tencent Music offers a bright spot with strong subscription growth, though technical challenges persist. With a global mix of holdings, the fund leans heavily into Communication Services, making it a thematic play on the evolving music industry.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Universal Music Group | 9.32% | $2.23M | €40.11B | 0.68% | 71 Outperform | |
| Live Nation Entertainment | 8.88% | $2.13M | $33.24B | 5.29% | 69 Neutral | |
| Spotify | 8.70% | $2.08M | $123.08B | 23.69% | 66 Neutral | |
| Alphabet Class A | 6.38% | $1.53M | $3.74T | 62.94% | 85 Outperform | |
| Madison Square Garden Entertainment Corp. | 6.15% | $1.48M | $2.58B | 59.21% | 64 Neutral | |
| CTS Eventim AG & Co. KGaA | 5.82% | $1.39M | €7.43B | -7.30% | 69 Neutral | |
| Sonos | 5.63% | $1.35M | $2.21B | 26.42% | 59 Neutral | |
| Amazon | 5.57% | $1.34M | $2.42T | -0.56% | 71 Outperform | |
| Tencent Music Entertainment Group | 5.54% | $1.33M | $26.05B | 52.09% | 71 Outperform | |
| Apple | 5.47% | $1.31M | $4.11T | 12.15% | 79 Outperform |
MUSQ Technical Analysis
Neutral
―
Price Trends
28.35
Negative
28.82
Negative
27.56
Positive
Market Momentum
-0.14
Negative
47.97
Neutral
82.28
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MUSQ, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 27.58, equal to the 50-day MA of 28.35, and equal to the 200-day MA of 27.56, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 47.97 is Neutral, neither overbought nor oversold. The STOCH value of 82.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MUSQ.
MUSQ Peer Comparison
Comparison Results
Performance Comparison
MUSQ
MUSQ Global Music Industry ETF
27.82
3.52
14.49%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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