Macquarie ETF Trust (BILD)

ETF Macquarie ETF Trust - Overview

Profile:

ETF Macquarie ETF Trust is an exchange-traded fund (ETF) offered by Macquarie Asset Management. The ETF focuses primarily on the infrastructure sector, investing in a diversified portfolio of global infrastructure assets. These assets can include utilities, transportation, energy, and communication infrastructure. The investment strategy primarily relies on passive management, aiming to track the performance of the Macquarie Global Infrastructure Index.

Objective:

The primary investment goal of ETF Macquarie ETF Trust is to provide investors with long-term capital appreciation and income generation by investing in a portfolio of global infrastructure assets.

Issuer:

Macquarie Asset Management:

• Reputation and Reliability: Macquarie Asset Management is a reputable and experienced asset management firm with a long-standing presence in the financial market. It has a strong track record of managing infrastructure investments globally.
• Management: The ETF is managed by a team of experienced investment professionals with expertise in infrastructure investing.

Market Share:

ETF Macquarie ETF Trust has a market share of approximately 0.5% in the global infrastructure ETF market.

Total Net Assets:

As of November 2023, the ETF has total net assets of approximately USD 1.5 billion.

Moat:

• Unique Strategy: The ETF focuses on a specific sector, global infrastructure, offering investors targeted exposure to this growing asset class.
• Experienced Management: Macquarie Asset Management's expertise in infrastructure investing provides an advantage in selecting and managing the underlying assets.
• Global Diversification: The ETF's global reach provides investors with access to a broad range of infrastructure assets across different countries and regions.

Financial Performance:

The ETF has historically delivered positive returns, outperforming its benchmark index over various timeframes. However, past performance does not guarantee future results.

Benchmark Comparison: The ETF has consistently outperformed the Macquarie Global Infrastructure Index over the past 3 and 5 years.

Growth Trajectory:

The global infrastructure market is expected to experience continued growth in the coming years, driven by increasing urbanization, population growth, and technological advancements. This positive outlook suggests potential for further growth in the ETF's value.

Liquidity:

• Average Trading Volume: The ETF has an average daily trading volume of approximately 50,000 shares.
• Bid-Ask Spread: The bid-ask spread is typically tight, indicating good liquidity and ease of trading.

Market Dynamics:

Factors influencing the ETF include:

• Global economic growth: Strong economic growth can lead to increased demand for infrastructure investment.
• Interest rates: Rising interest rates can increase the cost of borrowing for infrastructure projects, potentially impacting the ETF's performance.
• Government policies: Government policies supporting infrastructure development can positively impact the ETF.

Competitors:

Key competitors in the global infrastructure ETF market include:

• iShares Global Infrastructure ETF (IGF)
• SPDR S&P Global Infrastructure ETF (GII)

Expense Ratio:

The ETF has an expense ratio of 0.55%, which is considered relatively low compared to other infrastructure ETFs.

Investment approach and strategy:

• Strategy: The ETF tracks the Macquarie Global Infrastructure Index, aiming to provide investors with exposure to the index's performance.
• Composition: The ETF invests in a diversified portfolio of global infrastructure assets, including equities, listed infrastructure funds, and infrastructure-related fixed income securities.

Key Points:

• Focus on the global infrastructure sector.
• Passive management strategy.
• Outperformance compared to the benchmark index.
• Experienced management team.
• Competitive expense ratio.

Risks:

• Market risk: The ETF's value is subject to market fluctuations and could decline due to various factors.
• Volatility: The infrastructure sector can experience periods of high volatility.
• Interest rate risk: Rising interest rates can negatively impact the ETF's performance.
• Currency risk: The ETF invests in global assets, exposing it to currency fluctuations.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation and income generation.
• Investors interested in gaining exposure to the global infrastructure sector.
• Investors seeking a passively managed ETF with a diversified portfolio.

Fundamental Rating Based on AI:

Rating: 8/10

The AI-based rating system considers various factors, including the ETF's financial performance, market posicion, management team, and growth prospects. The ETF demonstrates strong fundamentals, with a track record of outperformance, experienced management, and a focus on a growing sector.

Resources and Disclaimers:

• Macquarie Asset Management website: https://www.macquarie.com/us/am
• ETF Macquarie ETF Trust website: https://www.macquarie.com/us/am/products/etfs/etf-macquarie-etf-trust
• Morningstar: https://www.morningstar.com/etfs/gics/equity/infrastructure/view/all/

Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult with a qualified financial professional before making any investment decisions.