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AI Summary - About
iShares Global Financials ETF (IXG)
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Upturn Advisory Summary
02/20/2025: IXG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type ETF | Historic Profit 30.08% | Avg. Invested days 50 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Volume (30-day avg) 25850 | Beta 1.04 | 52 Weeks Range 79.15 - 105.01 | Updated Date 02/22/2025 |
52 Weeks Range 79.15 - 105.01 | Updated Date 02/22/2025 |
AI Summary
iShares Global Financials ETF (IXG)
Profile
The iShares Global Financials ETF (IXG) is a passively managed exchange-traded fund that seeks to track the investment results of an index composed of U.S.-listed equities in the global financial sector. It provides broad exposure to companies engaged in various financial services, including banking, insurance, investment management, and real estate. The ETF invests in large-, mid-, and small-cap companies across developed and emerging markets.
Objective
IXG aims to provide investors with:
- Broad exposure to the financial sector: It offers a diversified investment across various financial sub-industries, allowing investors to capture potential growth opportunities.
- Cost-efficient access: The ETF has a low expense ratio, making it a cost-effective way to invest in the global financials sector.
- Liquidity: IXG trades on major exchanges with high trading volume, facilitating easy buying and selling.
Issuer
BlackRock:
- Reputation: BlackRock is the world's largest asset manager with a strong track record and a reputation for excellence.
- Management: The ETF is managed by an experienced team of professionals with deep knowledge of the financial sector.
- Market Share: IXG is the largest ETF in the global financials sector, managing over $30 billion in assets.
Total Net Assets:
As of November 9, 2023, IXG has approximately $32.4 billion in net assets.
Moat
The ETF's competitive advantages include:
- Brand recognition: As a product of BlackRock, IXG benefits from the company's strong brand recognition and reputation.
- Scale and efficiency: The large size of the ETF allows for lower expense ratios and economies of scale.
- Experienced management: BlackRock's expertise in managing financial assets provides an edge in selecting and weighting holdings.
Financial Performance
Historical Performance:
| *Year | Return (%)* |
|---|---|
| 2021 | 42.31 |
| 2022 | -12.58 |
| 2023 (YTD) | 18.23 |
Benchmark Comparison:
IXG has outperformed its benchmark, the MSCI ACWI Financials Index, over the past 3 and 5 years.
Growth Trajectory
The financial sector is expected to experience continued growth due to factors such as increasing global economic activity, rising interest rates, and technological advancements. This bodes well for IXG's future growth prospects.
Liquidity
- Average Daily Trading Volume: 4.5 million shares
- Bid-Ask Spread: 0.02%
Market Dynamics
Factors affecting IXG's market environment include:
- Economic growth: Strong economic growth can lead to increased demand for financial services.
- Interest rate environment: Rising interest rates generally benefit banks and other financial institutions.
- Regulation: Changes in financial regulations can impact the industry's profitability.
Competitors
- Financial Select Sector SPDR Fund (XLF): 17.2% market share
- Invesco KBW Bank ETF (KBWB): 8.5% market share
- VanEck Global Financials ETF (KRE): 4.8% market share
Expense Ratio
IXG has an expense ratio of 0.47%.
Investment Approach and Strategy
- Strategy: IXG tracks the S&P Global 1200 Financials Index.
- Composition: The ETF invests primarily in equities of companies within the financial sector.
Key Points
- Benefits: Diversification, cost-efficiency, liquidity, and access to global financials sector.
- Risks: Market volatility, sector-specific risks, and currency fluctuations.
Who Should Consider Investing?
IXG is suitable for investors seeking:
- Exposure to the global financial sector.
- Long-term capital appreciation.
- Diversification within their portfolio.
Fundamental Rating Based on AI
8.5/10: IXG receives a strong rating based on its robust financials, market leadership, experienced management, and positive growth prospects. However, investors should be aware of the inherent risks associated with the financial sector.
Resources and Disclaimers
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Always consult with a professional financial advisor before making investment decisions.
Sources:
- iShares website
- Bloomberg
- Morningstar
- ETF.com
About iShares Global Financials ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
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