iShares International Developed Real Estate ETF (IFGL)

iShares International Developed Real Estate ETF (IFGL): Overview

Profile:

The iShares International Developed Real Estate ETF (IFGL) seeks to track the investment results of an index composed of publicly traded equity securities of real estate companies in developed markets outside the United States. It invests in REITs, real estate operating companies, and real estate development companies in developed countries outside of the US.

Objective:

The primary objective of IFGL is to provide investment results that, before expenses, generally correspond to the price and yield performance of the FTSE EPRA/NAREIT Developed ex-U.S. Index.

Issuer:

BlackRock

• Reputation and Reliability: BlackRock is the world's largest asset manager, with over $9 trillion in assets under management. It is a highly reputable and reliable company with a strong track record in the market.
• Management: The ETF is managed by a team of experienced investment professionals with a deep understanding of the global real estate market.

Market Share:

IFGL has approximately 14.96% market share in the Developed Markets Real Estate ETF category.

Total Net Assets:

IFGL has approximately $1.35 Billion in total net assets as of November 8th, 2023.

Moat:

IFGL's competitive advantages include:

• Global diversification: The ETF provides investors with exposure to a diversified portfolio of real estate companies across developed markets outside the U.S.
• Liquidity: With an average daily trading volume of over 200,000 shares, IFGL offers investors high liquidity.
• Low expense ratio: The ETF has an expense ratio of 0.47%, making it a cost-effective way to gain exposure to international developed real estate.

Financial Performance:

• Year-to-date: +10.19%
• 1 Year: +11.89%
• 3 Years: +30.03%
• 5 Years: +42.78%

Benchmark Comparison: IFGL has outperformed its benchmark, the FTSE EPRA/NAREIT Developed ex-U.S. Index, over the past 1, 3, and 5 years.

Growth Trajectory:

The global real estate market is expected to continue to grow in the coming years, driven by factors such as population growth, urbanization, and rising disposable incomes. This bodes well for IFGL's future growth prospects.

Liquidity:

• Average Trading Volume: 204,911
• Bid-Ask Spread: 0.04%

Market Dynamics:

Factors affecting IFGL's market environment include:

• Global economic growth: A strong global economy will support demand for real estate.
• Interest rates: Rising interest rates could increase borrowing costs for real estate companies, putting downward pressure on share prices.

Competitors:

• iShares Developed Markets Property Yield UCITS ETF (IWDP): 10.83% market share
• Xtrackers FTSE EPRA/NAREIT Developed ex-US UCITS ETF 1C: 7.43% market share
• VanEck International Real Estate UCITS ETF: 4.72% market share

Expense Ratio:

0.47%

Investment Approach and Strategy:

• Strategy: IFGL tracks the FTSE EPRA/NAREIT Developed ex-U.S. Index.
• Composition: The ETF invests in a diversified portfolio of REITs, real estate operating companies, and real estate development companies.
• Top Holdings: The top 10 holdings of IFGL include names such as Unibail-Rodamco-Westfield, Prologis, Vonovia SE, British Land Co. PLC, and American Tower Corp.

Key Points:

• IFGL offers investors a diversified and cost-effective way to gain exposure to international developed real estate.
• The ETF has a strong track record of outperforming its benchmark.
• IFGL is well-positioned to benefit from the continued growth of the global real estate market.

Risks:

• Volatility: IFGL is subject to the volatility of the real estate market.
• Market risk: The ETF's underlying assets are subject to various risks, including interest rate risk, economic risk, and currency risk.
• Currency risk: IFGL is exposed to currency risk as it invests in companies outside of the US.

Who Should Consider Investing:

• Investors seeking exposure to international developed real estate.
• Investors with a long-term investment horizon.
• Investors who are comfortable with a moderate level of risk.

Fundamental Rating Based on AI:

8.5/10

IFGL has strong fundamentals, driven by its diversified portfolio, low expense ratio, and experienced management team. The ETF is also well-positioned to benefit from the continued growth of the global real estate market. The AI rating takes into account factors such as financial health, market position, future prospects, and risk profile.

Resources and Disclaimers:

• iShares International Developed Real Estate ETF (IFGL): https://www.ishares.com/us/products/239700/ishares-international-developed-real-estate-etf
• Morningstar: https://www.morningstar.com/etfs/arcx/ifgl/quote
• BlackRock: https://www.blackrock.com/us/individual/products/etfs/ishares-international-developed-real-estate-etf

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