GLOBAL X GROWTH ASSET ALLOCATION E UNIT CL AGLOBAL X GROWTH ASSET ALLOCATION E UNIT CL AGLOBAL X GROWTH ASSET ALLOCATION E UNIT CL A

GLOBAL X GROWTH ASSET ALLOCATION E UNIT CL A

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Key stats


Assets under management (AUM)
‪13.32 M‬CAD
Fund flows (1Y)
‪2.32 M‬CAD
Dividend yield (indicated)
2.08%
Discount/Premium to NAV
0.2%
Shares outstanding
‪525.10 K‬
Expense ratio
0.38%

About GLOBAL X GROWTH ASSET ALLOCATION E UNIT CL A


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Home page
Inception date
Oct 10, 2023
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
The fund-of-funds offers diversified exposure to equity and fixed income markets globally. It indirectly invests in securities through exchange-traded funds that provide exposure to domestic and foreign stocks of any size or style and bonds of any credit quality and maturity. Under normal market conditions, the fund manager seeks to maintain a long-term strategic asset allocation of approximately 80% stocks and 20% bonds. At the sole discretion of the fund manager, the portfolio asset mix may be reconstituted and rebalanced from time to time. The fund may also hedge the foreign currency of its fixed income investments back to the Canadian dollar through currency forwards or hedged fixed income ETFs. Investors should note that the fund will not hedge the foreign currency exposure of any asset class other than fixed income.

Classification


Asset Class
Asset allocation
Category
Asset allocation
Focus
Target outcome
Niche
Capital appreciation
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Bonds, Cash & Other100.00%
ETF99.77%
Cash0.23%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to HGRW via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HGRW trades at 25.44 CAD today, its price has risen 0.51% in the past 24 hours. Track more dynamics on HGRW price chart.
HGRW net asset value is 25.43 today — it's fallen 0.27% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HGRW assets under management is ‪13.32 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HGRW price has fallen by −0.27% over the last month, and its yearly performance shows a 8.95% increase. See more dynamics on HGRW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.27% over the last month, have fallen by −0.27% over the last month, showed a 1.68% increase in three-month performance and has increased by 13.57% in a year.
HGRW fund flows account for ‪2.32 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HGRW invests in funds. See more details in our Analysis section.
HGRW expense ratio is 0.38%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HGRW isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HGRW technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HGRW shows the buy signal. See more of HGRW technicals for a more comprehensive analysis.
Yes, HGRW pays dividends to its holders with the dividend yield of 2.08%.
HGRW trades at a premium (0.18%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HGRW shares are issued by Mirae Asset Global Investments Co., Ltd.
HGRW follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 10, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.