IXGiShares Global Financials ETF
IXG Fund Description
IXG tracks a market-cap-weighted index of large- and midcap global financial stocks.
IXG Factset Analytics Insight
IXG is a high-beta play on global financials, due in large part to the fund's heavier concentration versus our benchmark. Despite the fact that IXG holds many of the same stocks in its top 10 as our benchmark, its far smaller basket means that large-cap banks and insurance companies are held in greater weights. As one might expect, IXG carries an elevated beta and tilts hard toward large-caps. IXG can be traded fairly with some care. Daily volume is robust and spreads are manageable. The fund's liquid basket is good news for larger investors seeking to trade in bulk. IXG is also an incredibly Efficient fund. It recovers almost all of its already-reasonable fee, tracking its index almost perfectly. Overall, IXG is a cost-effective and reasonably liquid way to access global financials, at the expense of some added concentration.
IXG MSCI ESG Analytics Insight
iShares Global Financials ETF has an MSCI ESG Fund Rating of AAA based on a score of 9.72 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. iShares Global Financials ETF ranks in the 99th percentile within its peer group and in the 84th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
IXG 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.
IXG Portfolio Data
IXG Index Data
IXG Portfolio Management
IXG Tax Exposures
IXG Fund Structure
IXG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IXG. IXG is rated a 5 out of 5.
IXG Sector/Industry Breakdown
IXG Economic Development
IXG Performance Statistics
IXG MSCI ESG Ratings
IXG Benchmark Comparison Summary
IXG Benchmark Comparison Market Cap Size