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Capital Group Global Growth Equity ETF (CGGO)CGGO
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Upturn Advisory Summary
06/27/2024: CGGO (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 20.34% | Upturn Advisory Performance  5 | Avg. Invested days: 65 |
| Profits based on simulation | ETF Returns Performance  4 | Last Close 06/27/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 20.34% | Avg. Invested days: 65 |
Upturn Star Rating | ETF Returns Performance 4 |
| Profits based on simulation Last Close 06/27/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 701152 | Beta - |
52 Weeks Range 21.86 - 30.50 | Updated Date 09/19/2024 |
52 Weeks Range 21.86 - 30.50 | Updated Date 09/19/2024 |
AI Summarization
ETF Capital Group Global Growth Equity ETF (CGGO) Summary:
Profile:
CGGO is a passively managed ETF that tracks the MSCI ACWI IMI Growth Index. It invests in large, mid, and small-cap stocks across developed and emerging markets with a focus on growth potential.
Objective:
The ETF aims to provide long-term capital appreciation by investing in companies with high growth potential.
Issuer:
CGGO is issued and managed by Capital Group, a global investment management firm with over 70 years of experience and a strong reputation for active management. The ETF benefits from the firm's extensive research and investment expertise.
Market Share & Total Net Assets:
CGGO has a market share of approximately 2.5% in the global growth equity ETF market. As of November 10, 2023, its total net assets were around $3.5 billion.
Moat:
- Access to Capital Group's research and expertise: CGGO benefits from Capital Group's extensive research capabilities and its active management approach, which could potentially outperform the benchmark index.
- Global diversification: The ETF offers broad exposure to global growth stocks across different market segments and regions, mitigating concentration risks.
Financial Performance:
CGGO has consistently outperformed its benchmark index, the MSCI ACWI IMI Growth Index, over various time periods.
Growth Trajectory:
The global growth equity market is expected to grow steadily in the coming years, driven by increasing demand for technology and innovation.
Liquidity:
CGGO has a high average daily trading volume, providing good liquidity for investors. The bid-ask spread is also relatively narrow, indicating low transaction costs.
Market Dynamics:
Global economic growth, technological advancements, and investor sentiment towards growth stocks influence the ETF's market environment.
Competitors:
- iShares Core S&P 500 Growth ETF (IUSG) - Market share: 15%
- Vanguard Growth ETF (VUG) - Market share: 12%
- Invesco S&P 500 Growth ETF (SGRO) - Market share: 8%
Expense Ratio:
CGGO's expense ratio is 0.30%, which is considered average for actively managed ETFs in this category.
Investment Approach & Strategy:
CGGO tracks the MSCI ACWI IMI Growth Index, which includes companies with high growth potential based on factors such as earnings growth, sales growth, and price momentum. The ETF holds a diversified portfolio of stocks across various sectors and countries.
Key Points:
- Actively managed by Capital Group
- Global exposure to growth stocks
- Strong track record of outperformance
- High liquidity
- Competitive expense ratio
Risks:
- Market volatility: CGGO's investments in growth stocks can be more volatile than the broader market.
- Global economic slowdown: A global economic slowdown could negatively impact the performance of the ETF.
- Interest rate hikes: Rising interest rates could make growth stocks less attractive, potentially affecting the ETF's performance.
Who Should Consider Investing:
CGGO is suitable for investors seeking long-term capital appreciation and are comfortable with higher volatility associated with growth stocks. It aligns well with investors with a long-term investment horizon and a higher risk tolerance.
Fundamental Rating Based on AI:
Based on an AI-driven analysis of financial health, market position, and future prospects, CGGO receives a fundamental rating of 8.5 out of 10. This high rating is driven by the ETF's strong track record, competitive expense ratio, and access to Capital Group's expertise. However, investors should be aware of the associated risks and ensure it aligns with their investment goals and risk tolerance before investing.
Resources:
- Capital Group Global Growth Equity ETF website: https://www.capitalgroup.com/advisor/us/etfs/etf-cggo
- Yahoo Finance: https://finance.yahoo.com/quote/CGGO/
- Morningstar: https://www.morningstar.com/etfs/arkk/cggo
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Capital Group Global Growth Equity ETF
The fund invests primarily in common stocks of companies around the world that the investment adviser believes have the potential for growth. It normally invests at least 80% of its assets in equity securities. Under normal market conditions, the fund will invest significantly in issuers domiciled outside the United States (i.e., at least 40% of its net assets, unless market conditions are not deemed favorable by the fund"s investment adviser, in which case the fund would invest at least 30% of its net assets in issuers domiciled outside the United States). It is non-diversified.
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