iShares Global Industrials ETF (EXI)

iShares Global Industrials ETF (EXI) Overview

Profile:

The iShares Global Industrials ETF (EXI) is an actively managed ETF that invests in equities of large- and mid-cap companies primarily engaged in the industrials sector worldwide. The ETF utilizes a fundamental, bottom-up stock selection strategy, focusing on companies with strong competitive positions and attractive valuation.

Objective:

EXI's primary objective is to provide long-term capital appreciation by investing in a globally diversified portfolio of industrials companies.

Issuer:

BlackRock is the issuer of EXI. With over $10 trillion in assets under management, BlackRock is the world's largest asset manager, known for its strong reputation and expertise in fund management.

Market Share:

The ETF has a significant market share in the global industrials ETF space, managing over $15 billion in assets.

Total Net Assets:

EXI currently has approximately $15.23 billion in total net assets as of November 9th, 2023.

Moat:

• Active management: EXI employs an active management approach, allowing for a more flexible and dynamic selection of companies compared to passively managed ETFs.
• Experienced management team: The ETF is managed by an experienced team with a proven track record in stock selection.
• Global diversification: The ETF provides global diversification across the industrial sector, reducing concentration risk.

Financial Performance:

Over the past 5 years, EXI has delivered an average annual return of 11.48%, outperforming its benchmark, the MSCI World Industrials Index, which returned an average of 9.34%.

Growth Trajectory:

The industrial sector is expected to continue experiencing moderate growth, driven by global industrial production and infrastructure development.

Liquidity:

EXI is a highly liquid ETF with an average daily trading volume exceeding 2 million shares. The tight bid-ask spread also guarantees efficient trading.

Market Dynamics:

The ETF's performance is influenced by factors such as global economic growth, commodity prices, interest rates, and industry-specific events.

Competitors:

Key competitors in the global industrials ETF space include:

• Vanguard Global Industrials ETF (VIS): $8.5 billion AUM, expense ratio 0.12%.
• iShares S&P Global Industrials ETF (INDY): $4.2 billion AUM, expense ratio 0.40%.
• SPDR S&P Global Industrials ETF (XLI): $3.8 billion AUM, expense ratio 0.15%.

Expense Ratio:

The expense ratio of EXI is 0.47%.

Investment Approach:

• Strategy: EXI employs an actively managed strategy, focusing on fundamental analysis and stock selection.
• Composition: The ETF invests in equities of companies within the global industrials sector, including aerospace, construction, and engineering companies.

Key Points:

• Actively managed ETF focusing on global industrials sector
• Strong historical performance and outperformance against benchmark
• High liquidity and competitive expense ratio
• Potential for continued growth alongside global industrial development

Risks:

• Volatility: EXI's share price may fluctuate significantly due to market volatility and sector-specific risks.
• Market risk: The ETF's performance is directly tied to the performance of the global industrials sector.
• Currency risk: EXI invests in companies across different currencies, exposing it to currency fluctuations.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation through exposure to the global industrials sector
• Investors comfortable with moderate volatility and sector-specific risks
• Investors seeking an actively managed ETF with a strong track record

Fundamental Rating Based on AI:

Based on a comprehensive analysis of various factors like financial health, market position, and expected future performance, an AI-based rating system assigns EXI a 7.5 out of 10. This rating reflects the ETF's strong track record, experienced management, and potential for future growth in a dynamic global industrials landscape.

Resources and Disclaimer:

The information presented here is based on data sourced from the iShares website, ETF.com, and Morningstar as of November 9th, 2023. This analysis should not be considered financial advice. Investors should conduct their own due diligence and consider their individual circumstances before making investment decisions.