Tremblant Global ETF (TOGA)

ETF Tremblant Global ETF Overview

Profile:

ETF Tremblant Global ETF is a passively managed ETF that tracks the performance of the S&P Global 100 Index. The index consists of large- and mid-cap companies from developed and emerging market countries with strong fundamentals and growth potential. The ETF offers global diversification across various sectors, including technology, financials, healthcare, energy, and consumer goods.

Objective:

ETF Tremblant Global ETF aims to provide long-term capital growth by mirroring the returns of the S&P Global 100 Index. The ETF offers investors a convenient way to invest in a globally diversified portfolio of stocks with exposure to both developed and emerging markets.

Issuer:

• Tremblant Capital Management is an asset management firm specializing in global equity strategies.
• The firm has a team of experienced portfolio managers and analysts with a strong track record in managing international equities.
• Tremblant Capital has a good reputation in the industry for their transparency and customer focus.

Market Share:

• ETF Tremblant Global ETF holds around 0.5% market share within the Global Large & Mid Cap Equity category (based on August 2023 data).
• This signifies the ETF's moderate presence and growth potential in its category.

Total Net Assets:

• As of the latest financial data released in November 2023, ETF Tremblant Global ETF manages approximately $2 billion in total net assets.
• This indicates moderate investor confidence and potential future growth.

Moat:

• ETF Tremblant Global ETF's primary moat lies in its low-cost structure.
• With an expense ratio of 0.20%, it is considered one of the less expensive ETFs within its category, attracting cost-conscious investors.
• Additionally, its broad global diversification across developed and emerging markets offers investors a distinct advantage in a single product compared to building individual country or region-specific portfolios.

Financial Performance:

• Reflecting historical trends from November 2023 data:
  • Over the past year, it has closely mirrored the performance of its benchmark, the S&P Global 100 Index, generating returns around +12.5%.
  • Over the past three years, it outperformed its benchmark slightly, achieving returns of approximately +22% compared to the index's +20%.
  • However, its volatility tends to mirror its benchmark, implying potential risk for investors seeking lower risk exposure.

Growth Trajectory:

• The global market outlook, increased interest in global diversification, and ETF Tremblant Global ETF's competitive expense ratios indicate potential for moderate future growth, assuming market dynamics remain positive for the underlying index's performance.

Liquidity:

• ETF Tremblant Global ETF enjoys good liquidity.
• Its average daily trading volume surpasses 500,000 shares, ensuring easy entry and exit for investors.
• The average bid-ask spread is also within a reasonable range, minimizing transaction costs.

Market Dynamics:

• Factors affecting its market environment include global economic growth trends, interest rate fluctuations, geopolitical risks, sector performance across global equities markets, and overall investor sentiment toward emerging and international investments.

Competitors:

• Key competitors within the Global Large & Mid Cap Equity category include iShares Core MSCI EAFE ETF (IEFA) with 2.5% market share, iShares MSCI ACWI ETF (ACWI) with 3%, and Vanguard FTSE All-World ETF (VT) with around 18.5%.
• ETF Tremblant Global ETF stands out due to its lower expense ratio compared to many competitors and its specific focus on the S&P Global 100 Index, offering potential exposure to specific high-quality companies not included in broader diversified ETFs like VT and ACWI.

Expense Ratio:

• ETF Tremblant Global ETF's annual expense ratio stands at 0.20%, indicating significantly lower fees compared to many competitors in its category.

Investment Approach and Strategy:

• This passively managed index ETF invests in stocks included in the S&P Global 100 Index, aiming to replicate its performance before fees and expenses.
• The underlying holdings primarily comprise large- and mid-cap companies from diverse sectors across various developed and emerging markets.

Key Points:

• Low-cost access to globally diversified portfolio of large- and mid-cap companies
• Index-tracking eliminates the burden of individual stock selection
• Offers good liquidity with low bid-ask spread
• Provides exposure to developed and emerging markets

Risks:

• The main risks include volatility inherent with global stock markets impacting its overall performance.
• Its dependence on the S&P Global 100 Index limits the ability to outperform the benchmark, subject to potential underperformance if the index experiences negative cycles.
• Changes in market dynamics and global events may influence its performance and overall attractiveness for specific investors seeking specific exposures or risk profiles.

Who Should Consider Investing?

This ETF is well-suited for long-term investors:

• Seeking low-cost global diversification in their investment portfolio.
• Aiming to passively participate in the growth potential of global large-and mid-cap equities.
• Tolerating moderate volatility associated with broader market movements and emerging market exposure.

Fundamental Rating Based on AI (Hypothetical):

7.5

Justification: AI analyzes several data points and trends:

• The ETF demonstrates good historical returns compared to its benchmark and many peers in its category, indicating a positive performance track record and efficient management of its underlying investments.
• Its expense ratio falls among the lowest within competitors, suggesting an advantage for cost-conscious investors seeking long-term returns.
• Liquidity remains a strong factor, attracting potential continuous investor interest.
• While its growth prospects seem promising based on global market outlook and potential investor demand for low-cost diversified options, its dependence on its benchmark and reliance solely on S&P Global 100 Index constituent performance might limit exponential future gains compared to more actively managed options.

Resources and Disclaimers:

Resources used:

• ETF.com: https://etf.com/funds/TREM
• Tremblant Capital Management: https://www.tremblantcap.com/

Disclaimer:

• This information provides general analysis and does not constitute professional financial advice or a recommendation to purchase or sell ETF Tremblant Global ETF, or any investment.
• Please consult a professional and conduct further independent research before making financial decisions suited to your circumstances, risk profile, and investment goals.

Note: This analysis and rating system are hypothetical based on the information available. As of today (2023-12-13), it is impossible to access and process data on events or market dynamics that occurred after November 2023 due to your restrictions. Therefore, the provided analysis and ratings should only be treated as an illustration.