GOEX
Global X Gold Explorers ETFGOEX Fund Description
GOEX tracks an index of companies engaged in the exploration and early stage production of gold. The index uses market cap selection and a modified market cap weighting scheme.
GOEX Factset Analytics Insight
GOEX charges a high but reasonable fee for aggressive exposure to the gold production chain. It targets early stage gold exploration, mining, and production firms. It is a high risk and high reward play. A company can see significant upside if it discovers a mine that is rich in reserves, secures financing, and ramps up production. Conversely, a company can collapse if it fails to generate a steady revenue stream. Despite the primary listing and incorporation locations of the firms in the fund, their projects are dispersed around the world, and some are in geopolitically unstable markets which subject them to material and acute geopolitical risk.GOEX completed its transition from Solactive Global Gold Explorers Total Return Index to Solactive Global Gold Explorers & Developers Total Return Index on 5/1/2017. It is a material change that significant broadens GOEX’s exposure and reduces holding concentration. Furthermore, the new index uses a market cap selection scheme rather than the liquidity selection scheme of its old index.
GOEX MSCI ESG Analytics Insight
Global X Gold Explorers ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.68 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 50th percentile within its peer group and in the 38th 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 Charts And Performance
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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 3 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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