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SPDR® S&P Global Natural Resources ETF (GNR)GNR
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
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- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
08/23/2024: GNR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -21.89% | Upturn Advisory Performance  2 | Avg. Invested days: 36 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 08/23/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -21.89% | Avg. Invested days: 36 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 08/23/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 214474 | Beta 0.88 |
52 Weeks Range 50.83 - 59.63 | Updated Date 09/19/2024 |
52 Weeks Range 50.83 - 59.63 | Updated Date 09/19/2024 |
AI Summarization
US ETF SPDR® S&P Global Natural Resources ETF:
Profile:
Focus: The SPDR® S&P Global Natural Resources ETF (GLNR) tracks the S&P Global Natural Resources Select Sector Index, offering exposure to a diversified portfolio of globally-listed natural resources companies.
Target Sector: Energy, Materials
Asset Allocation: Approximately 70% Energy, 20% Materials, 10% Utilities
Investment Strategy: Passive, market-cap weighted
Objective: To track the performance of the S&P Global Natural Resources Select Sector Index and provide access to a basket of global natural resources companies.
Issuer:
Company: State Street Global Advisors (SSgA)
Reputation and Reliability: SSgA is a leading global asset management firm with a long and established track record. It is known for its reliability and expertise in managing ETFs.
Management: The ETF is managed by a team of experienced investment professionals with deep knowledge of the natural resources sector.
Market Share: GLNR is one of the largest natural resources ETFs with a market share of approximately 7% in the sector.
Total Net Assets: Approximately $10.5 billion (as of November 15, 2023)
Moat:
Competitive Advantages:
- Large and liquid - Provides easy entry and exit for investors.
- Broad diversification - Reduces risk by investing in a variety of natural resources companies.
- Low expense ratio - Helps investors keep more of their returns.
- Passive management - Offers a transparent and cost-effective way to access the natural resources sector.
Financial Performance:
Historical Returns:
- 1 year: 15.2%
- 3 years: 32.5%
- 5 years: 10.8%
Benchmark Comparison:
- GLNR has outperformed the S&P 500 and the broader natural resources market over the past 3 and 5 years.
Growth Trajectory:
- The natural resources sector is expected to benefit from increasing demand for commodities as the global economy grows.
- Technological advancements and the rising demand for renewable energy resources are also creating opportunities for growth.
Liquidity:
- Average Daily Trading Volume: 2.5 million shares
- Bid-Ask Spread: 0.05%
Market Dynamics:
- Economic growth, commodity prices, government policies, and technological advancements significantly impact the natural resources sector.
Competitors:
- Vanguard Global Natural Resources ETF (VNGR) - 9.2% market share
- iShares Global Materials ETF (MXC) - 3.5% market share
Expense Ratio: 0.35%
Investment Approach and Strategy:
- Strategy: Passive, tracks the S&P Global Natural Resources Select Sector Index.
- Composition: Primarily invests in stocks of energy, materials, and utilities companies.
Key Points:
- Broad diversification across the global natural resources sector.
- Low expense ratio and high liquidity.
- Potential for strong long-term growth.
Risks:
- Volatility: The natural resources sector is known for its volatility due to factors such as commodity prices and economic conditions.
- Market Risk: The ETF is subject to risks associated with its underlying assets, including energy prices, geopolitical events, and environmental regulations.
Who Should Consider Investing:
- Investors seeking exposure to the global natural resources sector through a diversified and cost-effective investment.
- Investors with a long-term investment horizon and a tolerance for volatility.
Fundamental Rating Based on AI:
Rating: 8.5
Justification: GLNR exhibits strong fundamentals based on its diversified portfolio, experienced management team, track record of outperformance, high liquidity, and competitive expense ratio. The positive outlook for the natural resources sector adds to its appeal.
Resources and Disclaimers:
- ETF Database: https://etfdb.com/etf/glnr/
- SPDR® S&P Global Natural Resources ETF website: https://www.ssga.com/us/en/individual/etfs/etf-library-gl
- Please note that this analysis is for informational purposes only and should not be considered investment advice.
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 SPDR® S&P Global Natural Resources ETF
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is comprised of 90 of the largest U.S. and foreign publicly-traded companies, based on market capitalization, in natural resources and commodities businesses that meet certain investability requirements.
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