GALSPDR SSgA Global Allocation ETF
GAL Fund Description
GAL is an actively managed fund of funds that provides the majority of its returns from capital gains by investing across asset classes.
GAL Factset Analytics Insight
GAL aims to provide capital appreciation with a multi-asset-class, top-down strategy using ETFs and ETNs—mostly from State Street. By rule, equities dominate: the fund aims to assign half its portfolio weight to them. Roughly one-third of the fund is invested in the international equity space, with another third invested in US equity, according to the issuer. Outside of equities, GAL also holds a lot of debt, reaching pretty far down the credit quality scale—over a third of its debt holdings are below investment grade.GAL has managed to attract a decent asset base, perhaps aided by a competitive expense ratio. Its volume and trading spreads are reasonable but unimpressive, meaning the fund can be traded fairly for longer-term allocations, with some care. Larger investors should consider working with a liquidity provider or the fund's issuer. Investors should watch out for capital gains, as the fund has made distributions in the recent past.
GAL Charts And Performance
GAL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GAL. GAL is rated a 2 out of 5.