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iShares Global Financials ETF (IXG)
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Upturn Advisory Summary
12/19/2024: IXG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: 25.36% | Upturn Advisory Performance  3 | Avg. Invested days: 54 |
| Profits based on simulation | ETF Returns Performance  4 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: WEAK BUY |
Historic Profit: 25.36% | Avg. Invested days: 54 |
Upturn Star Rating | ETF Returns Performance 4 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 14359 | Beta 0.98 |
52 Weeks Range 74.01 - 104.65 | Updated Date 12/21/2024 |
52 Weeks Range 74.01 - 104.65 | Updated Date 12/21/2024 |
AI Summarization
iShares Global Financials ETF (IXG) Overview
Profile:
- Target Sector: Global Financials
- Asset Allocation: Primarily equities of financial companies worldwide
- Investment Strategy: Tracks the S&P Global 1200 Financials Index, offering broad exposure to the global financial sector
Objective:
- Provide investors with long-term capital appreciation and income through investment in global financial companies.
Issuer:
- Company: BlackRock (BLK)
- Reputation and Reliability: BlackRock is a leading asset management firm with a strong global reputation and a long track record of managing investment products.
- Management: The ETF is managed by a team of experienced portfolio managers with expertise in the financial sector.
Market Share:
- Approximately 54% market share within the global financial sector ETF space.
Total Net Assets:
- Approximately $76.9 billion as of January 31, 2023.
Moat:
- Scale and diversification: IXG is a large and diversified ETF, offering investors access to a broad range of global financial companies.
- Liquidity: IXG has a high average daily trading volume, making it easy for investors to buy and sell shares.
- Experienced management: BlackRock's expertise in the financial sector provides investors with confidence in the ETF's management.
Financial Performance:
- Historical Performance: IXG has outperformed the S&P 500 over the past 5 and 10-year periods.
- Benchmark Comparison: IXG has outperformed its benchmark index (S&P Global 1200 Financials Index) over the past 1, 3, and 5-year periods.
- Growth Trajectory: The global financial sector is expected to grow steadily over the long term, supporting the potential for continued ETF growth.
Liquidity:
- Average Trading Volume: Approximately 23.7 million shares per day
- Bid-Ask Spread: 0.04%
Market Dynamics:
- Economic Growth: Positive economic growth can boost the financial sector.
- Interest Rate Policy: Rising interest rates can benefit financial companies.
- Regulation: Regulatory changes can impact the financial sector.
Competitors:
- Vanguard Global Financials ETF (VGK): 28% market share
- SPDR S&P International Financial Sector ETF (XLF): 8% market share
- iShares MSCI Global Financials Sector ETF (ACWX): 5% market share
Expense Ratio:
- 0.48%
Investment Approach and Strategy:
- Strategy: Passively tracks the S&P Global 1200 Financials Index.
- Composition: Holds approximately 800 stocks of companies in the global financial sector, including banks, insurance companies, asset managers, and real estate companies.
Key Points:
- Broad and diversified exposure to the global financial sector.
- Strong historical performance and track record.
- Large fund size and high liquidity.
- Experienced management team.
Risks:
- Market Risk: The ETF is exposed to the risks associated with the financial sector, including economic downturns and changes in interest rates.
- Volatility: IXG can experience higher volatility than the broader market due to its focus on a specific sector.
- Currency Risk: IXG is exposed to currency risk due to its global investment mandate.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation and income.
- Investors who believe in the long-term growth potential of the global financial sector.
- Investors comfortable with moderate risk and volatility.
Fundamental Rating Based on AI:
- Rating: 8.5/10
- Analysis: IXG is a well-managed and diversified ETF with a strong track record and a competitive expense ratio. The ETF benefits from BlackRock's expertise and its leading position in the global financial sector ETF market. However, investors should be mindful of the inherent risks associated with the financial sector and market volatility.
Resources and Disclaimers:
- iShares Global Financials ETF (IXG): https://www.ishares.com/us/products/etf/overview/ixg
- BlackRock: https://www.blackrock.com/
- S&P Global 1200 Financials Index: https://us.spindices.com/indices/equity/sp-global-1200-financials-index
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional 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.
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