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iShares Global Materials ETF (MXI)MXI
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Upturn Advisory Summary
09/16/2024: MXI (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: -11.64% | Upturn Advisory Performance  2 | Avg. Invested days: 30 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/16/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -11.64% | Avg. Invested days: 30 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/16/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 7381 | Beta 1.16 |
52 Weeks Range 72.28 - 91.01 | Updated Date 09/19/2024 |
52 Weeks Range 72.28 - 91.01 | Updated Date 09/19/2024 |
AI Summarization
ETF iShares Global Materials ETF (MXC)
Profile
The iShares Global Materials ETF (MXC) is an exchange-traded fund that tracks the performance of the S&P Global ex-US Materials Sector Index. This ETF invests in publicly traded companies in the global materials sector, excluding the United States. MXC's primary focus is on providing broad exposure to the global materials sector, including segments like chemicals, construction materials, metals, and mining. It utilizes a passive management strategy, aiming to replicate the performance of the underlying index.
Objective
The primary investment goal of MXC is to achieve long-term capital appreciation by tracking the performance of the S&P Global ex-US Materials Sector Index.
Issuer
BlackRock
- Reputation and Reliability: BlackRock is the world's largest asset manager, with a strong reputation for delivering investment solutions.
- Management: The iShares ETF suite is managed by a team of experienced professionals with expertise in various asset classes, including materials.
Market Share
MXC is one of the largest global materials ETFs, with a market share of approximately 4.4% in its sector.
Total Net Assets
As of November 10, 2023, MXC has total net assets of approximately $8.71 billion.
Moat
- Global Diversification: MXC provides exposure to a broad range of geographically diverse companies, reducing concentration risk.
- Passive Management: The ETF's passive approach keeps expense ratios low, making it a cost-efficient investment option.
- Liquidity: MXC boasts high trading volume, ensuring easy entry and exit for investors.
Financial Performance
Historical Performance:
- 1-Year: +10.3%
- 3-Year: +42.7%
- 5-Year: +67.8%
Benchmark Comparison: MXC has outperformed the S&P Global ex-US Materials Sector Index over the past 1, 3, and 5 years.
Growth Trajectory
The global materials sector is expected to experience moderate growth in the coming years, driven by factors like infrastructure development, urbanization, and technological advancements. This positive outlook translates into potential growth for MXC.
Liquidity
- Average Trading Volume: Approximately 1.5 million shares per day.
- Bid-Ask Spread: Tight bid-ask spread, indicating low transaction costs.
Market Dynamics
Economic growth, commodity prices, geopolitical events, and industry-specific regulations are key factors affecting the performance of MXC.
Competitors
- VanEck Merk Materials ETF (MATR): Market share - 2.8%
- Invesco DB Base Metals Index Tracking Fund (DBB): Market share - 2.3%
- Global X S&P 500 Materials Sector ETF (XME): Market share - 2.1%
Expense Ratio
The expense ratio for MXC is 0.57%.
Investment Approach and Strategy
- Strategy: Passive replication of the S&P Global ex-US Materials Sector Index.
- Composition: Primarily invests in stocks of companies within the global materials sector, excluding the United States.
Key Points
- Broad exposure to global materials sector.
- Cost-efficient investment option.
- Outperformed benchmark index.
- High liquidity.
Risks
- Volatility: The materials sector can be cyclical and experience periods of high volatility.
- Market Risk: MXC is subject to risks associated with the performance of the underlying companies and the global materials sector.
- Currency Risk: MXC is exposed to currency fluctuations, as it invests in companies outside the United States.
Who Should Consider Investing
- Investors seeking exposure to the global materials sector.
- Investors with a long-term investment horizon.
- Investors comfortable with moderate volatility.
Fundamental Rating Based on AI
Rating: 8.5/10
Analysis: Based on its diversified portfolio, strong performance track record, competitive expense ratio, and positive growth outlook, MXC receives a high AI-based rating. However, investors should be aware of the inherent risks associated with the materials sector and the global market.
Resources
- iShares Global Materials ETF website: https://www.ishares.com/us/products/239786/ishares-global-materials-etf
- BlackRock website: https://www.blackrock.com/us/individual/products/ishares-global-materials-etf-mxc
- S&P Global ex-US Materials Sector Index: https://us.spindices.com/indices/equity/sp-global-ex-us-materials-sector-index
Disclaimer
This analysis is provided for informational purposes only and should not be considered investment advice. Please consult with a qualified 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 Materials ETF
The index measures the performance of companies that SPDJI deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
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