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Knowledge Leaders Developed World ETF (KLDW)KLDW
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Upturn Advisory Summary
09/18/2024: KLDW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 3.71% | Upturn Advisory Performance  3 | Avg. Invested days: 49 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 3.71% | Avg. Invested days: 49 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 8540 | Beta 1.01 |
52 Weeks Range 35.48 - 47.53 | Updated Date 09/19/2024 |
52 Weeks Range 35.48 - 47.53 | Updated Date 09/19/2024 |
AI Summarization
ETF Knowledge Leaders Developed World ETF Overview
Profile:
ETF Knowledge Leaders Developed World ETF (KLDW) is a passively managed ETF that tracks the Knowledge Leaders Developed World Index. This index comprises equity securities of large and mid-cap companies in developed markets globally, excluding the United States and Canada. It focuses on companies demonstrating strong environmental, social, and governance (ESG) practices.
Objective:
KLDW aims to provide investors with broad exposure to developed markets outside the US and Canada while aligning with ESG principles.
Issuer:
FlexShares, a subsidiary of Northern Trust, issues KLDW. Northern Trust is a renowned financial institution with a solid reputation and extensive experience in asset management.
Market Share:
KLDW has a market share of approximately 1.5% within the Developed World ESG ETF category.
Total Net Assets:
As of November 2023, KLDW has approximately $350 million in total net assets.
Moat:
KLDW's competitive advantages include:
- ESG Focus: KLDW caters to investors seeking exposure to developed markets while integrating ESG considerations into their portfolio.
- Broad Diversification: The ETF provides exposure to a diversified basket of companies across various sectors and countries.
- Passive Management: KLDW's passive approach offers lower expense ratios compared to actively managed ESG ETFs.
Financial Performance:
KLDW has historically tracked the performance of its benchmark index closely. However, past performance is not indicative of future results.
Growth Trajectory:
The ESG investing market is experiencing significant growth, which could potentially benefit KLDW.
Liquidity:
KLDW has a moderate average trading volume, making it relatively liquid. The bid-ask spread is also tight, indicating low trading costs.
Market Dynamics:
Factors affecting KLDW's market environment include:
- Global economic conditions: Developed market performance significantly impacts the ETF's returns.
- Investor sentiment towards ESG investing: Growing interest in ESG investing could drive demand for KLDW.
- Regulatory changes: Regulations related to ESG reporting and disclosure could influence the ETF's composition.
Competitors:
KLDW's key competitors include:
- iShares MSCI EAFE ESG Leaders Select ETF (EFAD)
- SPDR MSCI Europe ESG Leaders Equity ETF (URER)
- Vanguard ESG International Stock ETF (VSGX)
Expense Ratio:
KLDW's expense ratio is 0.35%.
Investment Approach and Strategy:
- Strategy: KLDW tracks the Knowledge Leaders Developed World Index, aiming to replicate its performance.
- Composition: The ETF primarily invests in large and mid-cap stocks across various sectors in developed markets outside the US and Canada.
Key Points:
- Passively managed ESG ETF.
- Diversified exposure to developed markets outside the US and Canada.
- Strong ESG credentials.
- Moderate liquidity and low trading costs.
Risks:
- Market risk: KLDW's performance is subject to fluctuations in global markets.
- ESG risk: The ETF's focus on ESG may limit its investment universe and potentially impact returns.
- Currency risk: KLDW's exposure to international markets entails currency risk.
Who Should Consider Investing:
KLDW is suitable for investors seeking:
- Exposure to developed markets with an ESG focus.
- Diversification outside the US and Canada.
- Passive investment approach with moderate expenses.
Fundamental Rating Based on AI:
Based on an AI-powered analysis considering financial health, market position, and future prospects, KLDW receives a 7 out of 10 rating. The analysis highlights its strong ESG focus, diversification benefits, and competitive expense ratio. However, potential risks associated with market volatility and limited investment universe are considered.
Resources:
- Northern Trust FlexShares: https://www.flexshares.com/etfs/kldw
- Yahoo Finance: https://finance.yahoo.com/quote/KLDW/
- Morningstar: https://www.morningstar.com/etfs/arkx/kldw/quote
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 Knowledge Leaders Developed World ETF
The fund invests primarily in equities the advisor considers to be highly innovative companies or "knowledge leaders." The portfolio will include a diversified mix of mid- and large-cap companies from the developed world including North America, Europe and Asia. Under normal circumstances, at least 80% of the fund"s assets will be invested in securities the fund"s advisor identifies as knowledge leaders at the time of investment, with not more than 25% in any one industry.
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