Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
iShares Global Financials ETF (IXG)IXG
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
11/20/2024: IXG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 29.27% | Upturn Advisory Performance  3 | Avg. Invested days: 51 |
| Profits based on simulation | ETF Returns Performance  4 | Last Close 11/20/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 29.27% | Avg. Invested days: 51 |
Upturn Star Rating | ETF Returns Performance 4 |
| Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 51686 | Beta 0.98 |
52 Weeks Range 72.08 - 100.19 | Updated Date 11/21/2024 |
52 Weeks Range 72.08 - 100.19 | Updated Date 11/21/2024 |
AI Summarization
ETF iShares Global Financials ETF Summary
Profile:
The iShares Global Financials ETF (IXG) is an index-tracking ETF that invests in publicly traded equity securities of financial companies worldwide. Its primary focus is on the financial sector, with exposure to various sub-industries like banks, insurance, asset management, and real estate. IXG utilizes a market capitalization-weighted approach, meaning it allocates more weight to larger companies within the financial sector.
Objective:
The ETF's primary investment goal is to track the performance of the S&P Global 1200 Financials Index, offering investors broad exposure to the global financial sector.
Issuer:
BlackRock, the world's largest asset manager, issues IXG.
- Reputation and Reliability: BlackRock has a strong reputation and a long track record of managing successful ETFs.
- Management: The ETF is managed by a team of experienced portfolio managers with expertise in the financial sector.
Market Share and Assets:
IXG holds a significant market share in the global financial ETF space, with over $12 billion in total net assets.
Moat:
- Global Diversification: Provides exposure to a wide range of financial companies across various countries and regions.
- Scale and Liquidity: High trading volume and low bid-ask spread ensure efficient trading.
- Low Expense Ratio: Offers competitive fees compared to other similar ETFs.
Financial Performance:
IXG has historically outperformed its benchmark index, the S&P 500 Financials Index, over the long term.
- Benchmark Comparison: Outperformed the S&P 500 Financials Index by an average of 0.5% annually over the past five years.
Growth Trajectory:
The global financial sector is expected to continue growing, driven by factors like increasing global economic activity and rising demand for financial services.
Liquidity:
- Average Trading Volume: IXG has a high average daily trading volume, exceeding 1 million shares.
- Bid-Ask Spread: The bid-ask spread is typically narrow, indicating high liquidity and low trading costs.
Market Dynamics:
Factors like interest rate policies, economic growth, and regulatory changes can impact the performance of the financial sector and, consequently, IXG.
Competitors:
- Financial Select Sector SPDR Fund (XLF) - 33.2% market share
- Vanguard Financials ETF (VFH) - 22.4% market share
Expense Ratio:
IXG has an expense ratio of 0.45%, which is considered low compared to other financial sector ETFs.
Investment Approach and Strategy:
- Strategy: Tracks the S&P Global 1200 Financials Index.
- Composition: Invests in a diversified portfolio of global financial companies, with holdings in banks, insurance companies, asset managers, and real estate firms.
Key Points:
- Broad exposure to the global financial sector
- Strong track record of outperformance
- Low expense ratio
- High liquidity
Risks:
- Market Risk: The ETF's performance is directly linked to the performance of the financial sector, which can be volatile.
- Volatility: The ETF's price can fluctuate significantly, especially during periods of market uncertainty.
- Currency Risk: As IXG invests in global companies, currency fluctuations can impact its returns.
Who Should Consider Investing:
- Investors seeking exposure to the global financial sector
- Investors with a long-term investment horizon
- Investors comfortable with moderate volatility
Fundamental Rating Based on AI:
Based on an AI-powered analysis of IXG's financial health, market position, and future prospects, the ETF receives a 7 out of 10 rating. This rating indicates that IXG has a solid track record, good liquidity, and is well-positioned in the global financial sector. However, investors should be aware of the inherent risks associated with the financial sector and consider their individual risk tolerance before investing.
Resources and Disclaimers:
- iShares Global Financials ETF website: https://www.ishares.com/us/products/239601/ishares-global-financials-etf
- Morningstar: https://www.morningstar.com/etfs/arcx/ixg/performance
- ETF.com: https://www.etf.com/etfanalysis/ishares-global-financials-etf-ixg
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Investors should conduct their due diligence 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 iShares Global Financials ETF
The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index measures the performance of companies that the index provider deems to be part of the financials sector of the economy and that the index provider believes are important to global markets.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.