ProShares - MSCI Transformational Changes ETF (ANEW)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ProShares - MSCI Transformational Changes ETF (ANEW) trades at $52.16 with AI Score 44/100 (Grade C). ProShares - MSCI Transformational Changes ETF (ANEW) aims to replicate the performance of the MSCI Global Transformation Index. Market cap: $7.70M, Sector: Financial services.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for ANEW: ANEW does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ANEW against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
ANEW: the 1 perspectives are evenly split.
How is this calculated? →ProShares - MSCI Transformational Changes ETF (ANEW) Financial Services Profile
ProShares - MSCI Transformational Changes ETF (ANEW) is an exchange-traded fund seeking to mirror the MSCI Global Transformation Index, focusing on companies expected to capitalize on evolving trends in work, healthcare, consumption, and connectivity, offering investors exposure to sectors undergoing significant change.
What Is the Investment Thesis for ANEW?
ANEW presents an investment opportunity centered on capturing the potential upside of companies benefiting from transformational changes in various sectors. With a beta of 1.06, the fund exhibits market-correlated volatility. The fund's replication strategy ensures close tracking of the MSCI Global Transformation Index. Key value drivers include the continued acceleration of digital transformation, evolving healthcare solutions, and shifts in consumer behavior. Potential catalysts include increased adoption of remote work technologies, advancements in telehealth, and growth in e-commerce. However, investors may want to evaluate the potential risks associated with market volatility and the performance of the underlying index.
Based on FMP financials and quantitative analysis
ANEW Key Highlights
- ANEW's investment strategy focuses on companies benefiting from transformational changes in work, healthcare, consumption, and connectivity.
- The fund employs a replication strategy to mirror the performance of the MSCI Global Transformation Index.
- ANEW provides targeted exposure to companies at the forefront of innovation and adaptation.
- The ETF has a beta of 1.06, indicating market-correlated volatility.
- ANEW does not offer a dividend yield.
Who Are ANEW's Competitors?
ANEW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BNGE First Trust S-Network Streaming & Gaming ETF | $31.40 | +0.20% | $6.87M | 46 |
| DAT ProShares - Big Data Refiners ETF | $44.46 | +1.31% | $5.66M | 44 |
| DIVG Invesco S&P 500 High Dividend Growers ETF | $36.88 | +0.63% | $11.04M | 47 |
| DMAT Global X - Disruptive Materials ETF | $36.67 | +2.54% | $11.78M | 50 |
| NXDT NexPoint Diversified Real Estate Trust | $5.53 | +3.08% | $285.77M | 73 |
| GENB Generate Biomedicines, Inc. | $17.03 | -2.18% | $2.18B | 72 |
| SII Sprott Inc. | $118.11 | +2.72% | $3.05B | 71 |
| IDDTF AB Industrivärden (publ) | $59.80 | +74.60% | $25.83B | 70 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ANEW's Key Strengths?
- Targeted exposure to transformational trends.
- Replication strategy ensures close tracking of the index.
- Diversification across multiple sectors.
- Low expense ratio compared to actively managed funds.
What Are ANEW's Weaknesses?
- Performance is dependent on the underlying index.
- Limited flexibility to deviate from the index.
- May be subject to market volatility.
- No dividend yield.
What Could Drive ANEW Stock Higher?
- Continued adoption of remote work technologies.
- Advancements in telehealth and digital healthcare.
- Growth in e-commerce and online services.
- Expansion of 5G networks and connectivity.
- Potential for new innovations and disruptions in various sectors.
What Are the Key Risks for ANEW?
- Market volatility could impact fund performance.
- Changes in consumer behavior could affect investment outcomes.
- Regulatory changes could impact the ETF market.
- Dependence on the performance of the underlying index.
- Competition from other ETFs offering similar exposure.
What Are the Growth Opportunities for ANEW?
- Increased Adoption of Remote Work Technologies: The shift towards remote work is expected to continue, driving demand for technologies and services that enable remote collaboration and productivity. The global remote work market is projected to reach $45.3 billion by 2028, growing at a CAGR of 10.2% from 2021 to 2028. ANEW is positioned to benefit from this trend by investing in companies that provide remote work solutions, such as video conferencing, cloud-based collaboration tools, and cybersecurity services.
- Advancements in Telehealth: The telehealth market is experiencing rapid growth, driven by increasing demand for remote healthcare services and advancements in technology. The global telehealth market is projected to reach $55.6 billion by 2027, growing at a CAGR of 25.9% from 2020 to 2027. ANEW can capitalize on this trend by investing in companies that provide telehealth platforms, remote patient monitoring devices, and virtual healthcare services.
- Growth in E-commerce: E-commerce continues to grow, driven by changing consumer behavior and the increasing availability of online shopping options. The global e-commerce market is projected to reach $6.2 trillion in 2023, growing at a CAGR of 10.4% from 2020 to 2023. ANEW is positioned to benefit from this trend by investing in companies that provide e-commerce platforms, online payment solutions, and logistics services.
- Expansion of Digital Healthcare Solutions: The healthcare industry is undergoing a digital transformation, with increasing adoption of digital health technologies and solutions. The global digital health market is projected to reach $660 billion by 2025, growing at a CAGR of 28.5% from 2019 to 2025. ANEW can capitalize on this trend by investing in companies that provide digital health platforms, wearable devices, and data analytics solutions for healthcare providers.
- Increased Connectivity and 5G Adoption: The rollout of 5G networks is expected to drive increased connectivity and enable new applications and services. The global 5G market is projected to reach $667.90 billion by 2030, growing at a CAGR of 52.4% from 2021 to 2030. ANEW is positioned to benefit from this trend by investing in companies that provide 5G infrastructure, devices, and applications.
What Opportunities Does ANEW Have?
- Growth in thematic investing.
- Increasing demand for ETFs.
- Expansion of digital technologies and services.
- Rising adoption of remote work and telehealth.
What Threats Does ANEW Face?
- Market downturns could negatively impact performance.
- Competition from other ETFs.
- Changes in the underlying index methodology.
- Regulatory changes could affect the ETF market.
What Are ANEW's Competitive Advantages?
- Replication strategy provides predictable exposure.
- Focus on transformational changes offers a unique investment theme.
- Diversification across multiple sectors reduces risk.
What Does ANEW Do?
ProShares - MSCI Transformational Changes ETF (ANEW) was created to provide investors with targeted exposure to companies that are expected to benefit from fundamental shifts in how people work, receive healthcare, consume goods and services, and connect with each other. These transformational changes have been accelerated by events such as the COVID-19 pandemic, which has reshaped societal norms and business practices. ANEW seeks to replicate the performance of the MSCI Global Transformation Index, a benchmark designed to capture the performance of companies positioned to benefit from these shifts. The fund employs a replication strategy, meaning it invests in all component securities of the index in approximately the same proportion as the index itself. This approach aims to provide investors with a return that closely tracks the index's performance. ANEW offers a way for investors to gain exposure to companies at the forefront of innovation and adaptation in a rapidly changing world. The fund's investment strategy focuses on identifying and investing in companies that are leading the way in adapting to and capitalizing on these new realities.
What Products and Services Does ANEW Offer?
- Tracks the MSCI Global Transformation Index.
- Invests in companies benefiting from transformational changes.
- Focuses on sectors like work, healthcare, consumption, and connectivity.
- Employs a replication strategy to mirror index performance.
- Provides exposure to companies adapting to new realities.
- Offers investors a way to access thematic investment opportunities.
How Does ANEW Make Money?
- Replicates the MSCI Global Transformation Index.
- Generates returns based on the performance of the index.
- Attracts investors seeking exposure to transformational trends.
What Industry Does ANEW Operate In?
ANEW operates within the asset management industry, specifically focusing on ETFs that track specialized indices. The ETF market has experienced substantial growth, driven by increasing investor demand for low-cost, diversified investment vehicles. ANEW's focus on transformational changes aligns with the broader trend of thematic investing, where funds target specific investment themes or megatrends. Competitors include BNGE, BNKD, DAT, DIVG, and DMAT, which offer exposure to different segments of the market. The fund's success depends on its ability to accurately track the underlying index and attract investors seeking exposure to transformational trends.
Who Are ANEW's Key Customers?
- Retail investors
- Institutional investors
- Financial advisors
ANEW Valuation & Market Position
With a $7.70M market cap, ProShares - MSCI Transformational Changes ETF sits in the micro-cap segment of the market. Relative to its peer group, ANEW's quantitative score of 44/100 is roughly in line with the peer average of 52/100.
ROE 0%Key Financial Metrics
Return on equity for ProShares - MSCI Transformational Changes ETF stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. ANEW trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
ANEW Financials
Bull Case vs Bear Case
Bull Case
- Targeted exposure to transformational trends.
- Replication strategy ensures close tracking of the index.
- Diversification across multiple sectors.
- Low expense ratio compared to actively managed funds.
Bear Case
- Performance is dependent on the underlying index.
- Limited flexibility to deviate from the index.
- May be subject to market volatility.
- No dividend yield.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
ANEW Latest News
No recent news available for ANEW.
ANEW Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ANEW.
Price Targets
Wall Street price target analysis for ANEW.
ANEW MoonshotScore
What does this score mean?
The MoonshotScore rates ANEW's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
What Investors Ask About ProShares - MSCI Transformational Changes ETF (ANEW) — Financial Services
What does ProShares - MSCI Transformational Changes ETF do?
ProShares - MSCI Transformational Changes ETF (ANEW) is designed to track the performance of the MSCI Global Transformation Index. This index is composed of companies that are expected to benefit from transformational changes in how people work, take care of their health, consume goods and services, and connect with each other. The fund employs a replication strategy, investing in the same securities as the index in similar proportions. ANEW provides investors with a targeted way to gain exposure to companies that are at the forefront of adapting to and capitalizing on these evolving trends, offering a diversified approach to thematic investing.
What are the main risks for ANEW?
The main risks for ANEW include market volatility, which could negatively impact the fund's performance. The fund's performance is also dependent on the performance of the underlying MSCI Global Transformation Index, which may be subject to fluctuations based on market conditions and investor sentiment. Additionally, changes in consumer behavior and regulatory changes could affect the fund's investment outcomes. Competition from other ETFs offering similar exposure is also a risk. Investors should carefully consider these risks before investing in ANEW.
How is ProShares - MSCI Transformational Changes ETF adapting to fintech disruption?
ProShares - MSCI Transformational Changes ETF is positioned to adapt to fintech disruption by investing in companies that are at the forefront of digital transformation and innovation. The fund's focus on transformational changes allows it to capture the potential upside of companies that are developing and implementing new technologies and business models in the financial services sector. By investing in companies that are disrupting traditional financial services, ANEW is able to capitalize on the growth opportunities presented by fintech and other emerging technologies. The fund's replication strategy ensures that it remains aligned with the evolving landscape of the financial services industry.
How sensitive is ANEW to interest rate changes?
ANEW's sensitivity to interest rate changes is indirect, as the fund invests in companies across various sectors that are expected to benefit from transformational changes. While the fund does not directly invest in fixed-income securities, interest rate changes can impact the overall economic environment and affect the performance of the companies in the fund's portfolio. For example, rising interest rates could lead to slower economic growth, which could negatively impact consumer spending and business investment. Conversely, falling interest rates could stimulate economic growth and boost corporate earnings. Investors may want to evaluate the potential impact of interest rate changes on the broader economy and the companies in ANEW's portfolio when evaluating the fund's potential performance.
What are the key factors to evaluate for ANEW?
ProShares - MSCI Transformational Changes ETF (ANEW) holds an AI score of 44/100 (low). Not financial advice.
How frequently does ANEW data refresh on this page?
ANEW prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ANEW's recent stock price performance?
ProShares - MSCI Transformational Changes ETF (ANEW) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Targeted exposure to transformational trends. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ANEW overvalued or undervalued right now?
Valuing ProShares - MSCI Transformational Changes ETF (ANEW) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for ANEW, limiting the depth of some insights.
- Market data and projections are based on available information and may not be indicative of future results.