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Global X Funds (MLDR)
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Upturn Advisory Summary
01/21/2025: MLDR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 1.0 | Stock Returns Performance 1.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 33 | Beta - | 52 Weeks Range 47.52 - 49.79 | Updated Date 09/16/2024 |
52 Weeks Range 47.52 - 49.79 | Updated Date 09/16/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Global X Funds: A Detailed Overview
Company Profile:
History and Background:
Global X Funds LLC is an American asset management firm founded in 2008 by Ethan Feld and Bruno del Ama. Headquartered in New York City, the company specializes in thematic exchange-traded funds (ETFs) that track various sectors, strategies, and indexes. Global X has become known for its innovative and diverse ETF offerings, catering to a wide range of investment needs.
Core Business Areas:
Global X focuses primarily on developing and managing thematic ETFs. These ETFs target specific industry sectors, investment themes, and alternative asset classes. Their product range includes thematic exposure to areas like emerging markets, commodities, technology, healthcare, and income generation.
Leadership and Corporate Structure:
- Ethan Feld, Co-Founder and CEO: Leads the company's overall strategy and vision.
- Bruno del Ama, Co-Founder and President: Oversees product development and investment research.
- Jonas Bruno, Head of Global X ETFs: Manages the ETF business unit.
- Christine Polini, Chief Operating Officer: Responsible for operational and administrative functions.
Top Products and Market Share:
Global X offers over 80 thematic ETFs across various asset classes. Some of their top products include:
- Global X Lithium & Battery Tech ETF (LIT): Provides exposure to companies involved in the lithium battery supply chain.
- Global X MLP & Energy Infrastructure ETF (MLPX): Invests in midstream energy infrastructure companies.
- Global X Robotics & Artificial Intelligence ETF (BOTZ): Tracks companies engaged in robotics and AI technologies.
- Global X S&P 500 Covered Call ETF (XYLD): Generates income by selling covered calls on the S&P 500 index.
Global X has a significant market share in the thematic ETF space. As of November 2023, the company manages over $40 billion in assets under management (AUM). This represents approximately 10% of the total thematic ETF market in the US.
Competition is fierce within the thematic ETF market, with major players like BlackRock, Vanguard, and ARK Invest offering similar products. While Global X faces strong competition, the company differentiates itself through its unique thematic focus and innovative product development.
Total Addressable Market:
The global thematic ETF market is estimated to be over $400 billion in 2023. This market is expected to grow significantly in the coming years, driven by factors such as rising investor interest in niche sectors, growing awareness of thematic investing, and increasing demand for alternative investment strategies.
Financial Performance:
Global X is a privately held company and does not publicly disclose its financial statements. However, based on available data and industry reports, the company has experienced strong growth in recent years. AUM has increased significantly, and profitability is believed to be robust.
Dividends and Shareholder Returns:
As a privately held company, Global X does not distribute dividends. However, investors can potentially benefit from share price appreciation and capital gains.
Growth Trajectory:
Global X has demonstrated impressive growth over the past several years. AUM has grown significantly, and the company has consistently launched innovative new products. Future growth prospects are positive, driven by the expanding thematic ETF market and Global X's strong brand recognition and product development capabilities.
Market Dynamics:
The thematic ETF market is experiencing rapid growth, driven by several factors:
- Rising investor interest in niche sectors: Investors are increasingly looking to gain exposure to specific industries and themes that align with their investment goals and beliefs.
- Growing awareness of thematic investing: Thematic investing has gained popularity as investors seek differentiated alpha-generating strategies.
- Increasing demand for alternative investment strategies: Thematic ETFs provide access to alternative asset classes and investment strategies, which can help diversify portfolios and potentially enhance returns.
Global X is well-positioned to benefit from these market trends due to its focus on thematic ETFs and its commitment to innovation.
Competitors:
- BlackRock (BLK): Offers a wide range of thematic ETFs, including iShares Global Clean Energy ETF (ICLN) and iShares Global Robotics and Automation ETF (IRBO).
- Vanguard (VOO): Provides thematic ETFs like Vanguard ESG US Stock ETF (ESGV) and Vanguard Information Technology ETF (VGT).
- ARK Invest (ARKK): Known for its actively managed thematic ETFs, such as ARK Innovation ETF (ARKK) and ARK Genomic Revolution ETF (ARKG).
Global X competes effectively with these established players by offering a differentiated product range, focusing on unique thematic areas, and maintaining a strong track record of innovation.
Potential Challenges and Opportunities:
Key Challenges:
- Competition: The thematic ETF market is becoming increasingly competitive, with major players vying for market share.
- Market volatility: Thematic ETFs can be more volatile than traditional broad-market ETFs, posing potential risks to investors.
- Regulation: The ETF industry is subject to ongoing regulatory scrutiny, which could impact future product development and market dynamics.
Potential Opportunities:
- Expanding market: The thematic ETF market is expected to grow significantly, creating opportunities for continued AUM growth and market share expansion.
- Product innovation: Global X can develop new and innovative products to cater to evolving investor preferences and capture emerging market trends.
- Strategic partnerships: Collaborations with other financial institutions or market participants could enhance distribution capabilities and reach new investor segments.
Recent Acquisitions:
Global X has made a few strategic acquisitions in recent years. These acquisitions have helped the company expand its product offerings and diversify its revenue streams.
Acquisitions in the last 3 years:
- AlphaTrAI ETF Trust (2022): This acquisition added a suite of AI-powered thematic ETFs to Global X's portfolio, strengthening its footprint in the disruptive technology space.
- Exos ETF Trust (2021): This acquisition brought several actively managed thematic ETFs under Global X's umbrella, complementing their existing passive ETF offerings.
These acquisitions demonstrate Global X's commitment to growth and innovation, expanding its product range and diversifying its business model.
AI-Based Fundamental Rating:
Based on an AI-powered analysis of various fundamental factors, including financial health, market position, and growth prospects, Global X Funds receives a rating of 8 out of 10.
This rating is supported by the company's strong financial performance, robust AUM growth, innovative product development, and strong market positioning within the thematic ETF space. While competition within the industry is intense, Global X appears well-equipped to navigate market challenges and capitalize on future growth opportunities.
Sources and Disclaimers:
This overview utilizes information gathered from various sources, including Global X Funds' website, company filings, industry reports, and financial news articles. While efforts have been made to ensure information accuracy, it is essential to consult official sources and conduct due diligence before making any investment decisions.
This overview is presented for informational purposes only and should not be construed as financial advice.
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. Investing involves risk, and the value of investments can fluctuate.
About Global X Funds
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date 2024-09-10 | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund invests at least 80% of its total assets, plus borrowings for investment purposes (if any), in the securities of the index. The index is designed to measure the performance of a strategy commonly referred to as bond "laddering" as applied to public obligations of the U.S. Treasury that have maturities between 3 and 10 years as of the last business day of February of each year.
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