About GLOBAL X EQUAL WEIGHT U S GROCERIES UNITS CLASS A
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Inception date
Apr 30, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Global X Investments Canada, Inc.
The fund is designed to provide exposure focusing on the top companies of the consumer food and staples retail sector. It tracks an index comprised of equity securities of the largest groceries, staples, and superstores in the US. To be included, companies must be a part of the initial universe, the Mirae Asset US 1000, and meet market-cap and liquidity screens. The eligible companies must be classified as Warehouse Clubs and Superstores, Grocery Store and Discount Store as per FactSet RBICS Level 4 classification. The index will include a minimum of 3 securities ranked by their respective security level free float market-cap. Constituents are equally weighted to ensure diversification. The fund targets investors with medium-risk appetites due to its volatility. The index is rebalanced quarterly in February, May, August, and November.
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Classification
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.
UMRT trades at 20.13 CAD today, its price has risen 1.10% in the past 24 hours. Track more dynamics on UMRT price chart.
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.
No, UMRT isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, UMRT doesn't pay dividends to its holders.
UMRT shares are issued by Mirae Asset Global Investments Co., Ltd.
The fund started trading on Apr 30, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.