DriveWealth Power Saver ETF (EERN)
DriveWealth Power Saver ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in MD, US. The stock last traded at $3.37, down 1.32% on the session, giving a market capitalisation of $33,747. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund primarily allocates its capital to a diversified array of exchange-traded funds (ETFs) that are not affiliated with it. These underlying funds are designed to invest in income-generating assets, such as money market instruments, corporate bonds, and municipal debt of any credit rating. Under standard market conditions, the fund's main focus will be on underlying ETFs that concentrate on various fixed-income categories. These include both investment-grade and high-yield corporate debt, securities backed by assets or mortgages, emerging markets bonds, U.S. government debt, sovereign obligations from other countries, and preferred shares.