GOEX
Global X Gold Explorers ETFGOEX Fund Description
GGOEX tracks a market-cap-weighted index of global stocks in the gold mining industry as an explorer or developer.
GOEX Factset Analytics Insight
GOEX initially provided exposure only to companies tied to the early stage of gold production. In May 2017, the fund transitioned from tracking Solactive Global Gold Explorers Total Return Index to Solactive Global Gold Explorers & Developers Total Return Index. This material change significantly broadened the fund’s exposure and reduced holding concentration by including gold mining companies involved in development as well. Furthermore, the new index uses a market-cap selection scheme rather than the liquidity selection scheme of the old index. The index is adjusted semiannually starting each April with a 4% cap to firms that produce more than 300,000 oz of gold in two out of the last three years. Those that do not fulfill these requirements are capped at 7%. In addition, the total weight of the seven biggest firms are capped at 45% and those that are not part of it are capped at 4.75%.
GOEX MSCI ESG Analytics Insight
Global X Gold Explorers ETF has an MSCI ESG Fund Rating of A based on a score of 6.22 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. Global X Gold Explorers ETF ranks in the 46th percentile within its peer group and in the 14th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
GOEX 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.
GOEX Summary Data
GOEX Portfolio Data
GOEX Index Data
GOEX Portfolio Management
GOEX Tax Exposures
GOEX Fund Structure
GOEX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GOEX. GOEX is rated a 2 out of 5.
GOEX Tradability
GOEX Sector/Industry Breakdown
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GOEX Top 10 Holdings[View All]
GOEX Countries
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GOEX Regions
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GOEX Economic Development
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GOEX Performance Statistics
GOEX MSCI ESG Ratings
GOEX Benchmark Comparison Summary
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GOEX Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.