Global X Funds Etf Profile
| BRAZ Etf | USD 21.58 0.92 4.09% |
Performance0 of 100
| Odds Of DistressLess than 10
|
Global X is trading at 21.58 as of the 30th of November 2024; that is 4.09 percent down since the beginning of the trading day. The etf's open price was 22.5. Global X has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Global X Funds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Global X is entity of United States. It is traded as Etf on NYSE ARCA exchange. More on Global X Funds
Moving together with Global Etf
| 1.0 | EWZ | iShares MSCI Brazil | PairCorr |
| 0.95 | ILF | iShares Latin America | PairCorr |
| 0.99 | FLBR | Franklin FTSE Brazil | PairCorr |
| 0.98 | EWZS | iShares MSCI Brazil Downward Rally | PairCorr |
| 0.97 | FLLA | Franklin FTSE Latin | PairCorr |
| 0.98 | BRF | VanEck Brazil Small Downward Rally | PairCorr |
Moving against Global Etf
Global Etf Highlights
| Thematic Idea | Broad Equity ETFs (View all Themes) |
| Business Concentration | Broad Equity ETFs, Latin America Stock, Global X Funds (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2023-08-16 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 3.16 Million |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Growth |
| Market Concentration | Emerging Markets |
| Region | Latin America |
| Administrator | SEI Investments Global Funds Services |
| Advisor | Global X Management Company LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | William Dorson, Paul Dmitriev |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Nov |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 30.0 |
| Market Maker | Susquehanna |
| Total Expense | 0.75 |
| Management Fee | 0.75 |
| Country Name | USA |
| Code | BRAZ |
| Updated At | 29th of November 2024 |
| Returns Y T D | (20.67) |
| Name | Global X Funds |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG01HVF38B0 |
| Type | ETF |
| 1y Volatility | 20.5 |
Global X Funds [BRAZ] is traded in USA and was established 2010-06-21. The fund is listed under Latin America Stock category and is part of Global X Funds family. The entity is thematically classified as Broad Equity ETFs. Global X Funds currently have 5.16 M in assets under management (AUM). , while the total return for the last 3 years was 6.3%.
Check Global X Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X Funds Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Global X Funds Currency Exposure
Global X Funds holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Global X will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Global X Funds.
Top Global X Funds Etf Constituents
| ERO | Ero Copper Corp | Stock | Materials | |
| RADL3 | Raia Drogasil SA | Stock | Consumer Staples | |
| MULT3 | Multiplan Empreendimentos Imobilirios | Stock | Real Estate | |
| PRIO3 | Petro Rio SA | Stock | Energy | |
| ITSA4 | Itasa Investimentos | Preferred Stock | Financials | |
| EBR | Centrais Electricas Brasileiras | Stock | Utilities | |
| B3SA3 | B3 SA | Stock | Financials | |
| RAIL3 | Rumo SA | Stock | Industrials |
Global X Funds Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.71) |
Global X Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Global X Funds is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global X's market value can be influenced by many factors that don't directly affect Global X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.