GIGESoFi Gig Economy ETF
GIGE Fund Description
GIGE invests in firms expected to benefit from the “gig economy”, as defined by its advisor. The actively-managed fund can invest in firms across all geographies and market capitalization.
GIGE Factset Analytics Insight
GIGE is an actively-managed fund that targets global companies involved in the “gig economy”. The fund’s advisor, Toroso Investments, defines the space with five groups, each of which has a defined target range for allocation weighting. Most heavily-weighted are companies that directly participate in revenue generation from “gig economy” such as: web-based stores, auction sites and app-based platforms. Companies that support the space via marketing and sales such as platforms for social media, and firms that facilitate payment are also given hefty allocations. The advisor has wide latitude with respect to location and market-cap size of the firms. Beyond the all-important definition of and allocation to the five groups of firms, the prospectus is mostly silent on finer points of selection and weighting of stocks, which is not unusual for an actively-managed ETF.
GIGE MSCI ESG Analytics Insight
SoFi Gig Economy ETF has an MSCI ESG Fund Rating of A based on a score of 6.28 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SoFi Gig Economy ETF ranks in the 37th percentile within its peer group and in the 7th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
GIGE MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
GIGE Summary Data
GIGE Portfolio Data
GIGE Index Data
GIGE Portfolio Management
GIGE Tax Exposures
GIGE Fund Structure
GIGE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GIGE. GIGE is rated a 4 out of 5.
GIGE Economic Development
GIGE Performance Statistics
GIGE MSCI ESG Ratings
GIGE Benchmark Comparison Summary
GIGE Benchmark Comparison Market Cap Size