CGGE - ETF AI Analysis
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Capital Group Global Equity ETF (CGGE)
Rating:69Neutral
Price Target:―
Positive Factors
Strong Growth-Oriented Top Holdings
Several of the largest positions, including major technology and semiconductor companies, have shown strong recent performance, helping support the ETF’s returns.
Global Diversification
The fund invests across multiple countries in North America, Europe, and Asia, which helps reduce the impact of weakness in any single market.
Broad Sector Spread
Holdings are spread across technology, industrials, financials, health care, and other sectors, limiting reliance on just one part of the economy.
Negative Factors
Heavy U.S. Tilt
Although it is a global fund, a large majority of assets are invested in U.S. companies, which reduces the benefit of international diversification.
Concentration in Mega-Cap Tech
A meaningful portion of the portfolio is tied up in a handful of large technology names, increasing the fund’s sensitivity to swings in that segment.
Mixed Performance Among Top Holdings
Some of the largest positions have recently shown weak or negative performance, which can drag on overall returns if the trend continues.
CGGE vs. SPDR S&P 500 ETF (SPY)
AUM2.71B
RegionGlobal
Expense Ratio0.47%
Beta0.86
IssuerCapital Group
Inception DateJun 25, 2024
Dividend Yield0.38%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume439,708
30 Day Avg. Volume758,880
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
39.10Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering116
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CGGE Summary
The Capital Group Global Equity ETF (CGGE) is a global stock fund that doesn’t track a specific index but aims to own a wide mix of companies from around the world, with a little over half in the U.S. It invests across many sectors, including technology, financials, and industrials, and holds well-known names like Apple, Microsoft, Alphabet (Google), and Nvidia. Someone might invest in CGGE to get instant international diversification and long-term growth potential in one fund. However, because it is heavily invested in stocks, especially tech, its value can go up and down significantly with global markets.
How much will it cost me?The Capital Group Global Equity ETF (CGGE) has an expense ratio of 0.47%, meaning you’ll pay $4.70 per year for every $1,000 invested. This is slightly higher than average because it is actively managed, which involves more research and decision-making compared to passively managed funds that track an index.
What would affect this ETF?The Capital Group Global Equity ETF (CGGE) could benefit from continued growth in the technology and industrial sectors, which make up a significant portion of its holdings, as well as global economic expansion driving demand for its diversified portfolio. However, potential risks include rising interest rates, which could negatively impact financial and technology stocks, and geopolitical tensions that may disrupt global markets and supply chains. Investors should also consider regulatory changes in key regions that could affect the ETF's top holdings.
CGGE Top 10 Holdings
CGGE is leaning heavily into global tech, with Alphabet, Apple, Nvidia, Broadcom, TSMC, and ASML doing most of the heavy lifting. The fund’s AI and semiconductor tilt has been a clear tailwind, as chipmakers like TSMC and ASML keep powering ahead while Alphabet and Apple stay on a steady upward climb. Microsoft, on the other hand, looks a bit winded lately, and JPMorgan is more of a stabilizer than a star. Overall, it’s a globally diversified portfolio, but the story here is unmistakably Big Tech and chips driving the bus.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Alphabet Class A | 5.59% | $147.49M | $4.62T | 127.32% | 85 Outperform | |
| Broadcom | 5.11% | $134.79M | $1.96T | 81.07% | 76 Outperform | |
| TSMC | 3.79% | $100.05M | $1.86T | 110.71% | 81 Outperform | |
| Microsoft | 3.41% | $90.11M | $3.11T | -7.02% | 79 Outperform | |
| Apple | 3.04% | $80.34M | $4.54T | 58.15% | 79 Outperform | |
| ― | 2.91% | $76.77M | ― | ― | ― | |
| ASML Holding NV | 2.67% | $70.47M | €538.22B | 118.64% | 76 Outperform | |
| ― | 2.65% | $69.84M | ― | ― | ― | |
| Nvidia | 2.30% | $60.85M | $5.21T | 64.01% | 76 Outperform | |
| JPMorgan Chase | 2.13% | $56.15M | $820.95B | 17.52% | 72 Outperform |
CGGE Technical Analysis
Positive
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Price Trends
32.29
Positive
32.35
Positive
31.53
Positive
Market Momentum
0.36
Positive
59.76
Neutral
80.79
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CGGE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 33.43, equal to the 50-day MA of 32.29, and equal to the 200-day MA of 31.53, indicating a bullish trend. The MACD of 0.36 indicates Positive momentum. The RSI at 59.76 is Neutral, neither overbought nor oversold. The STOCH value of 80.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CGGE.
CGGE Peer Comparison
Comparison Results
Performance Comparison
CGGE
Capital Group Global Equity ETF
33.89
5.84
20.82%
JGLO
JPMorgan Global Select Equity ETF
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CGDG
Capital Group Dividend Growers ETF
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BDYN
iShares Dynamic Equity Active ETF
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BDVL
iShares Disciplined Volatility Equity Active ETF Trust Unit
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INFL
Horizon Kinetics Inflation Beneficiaries ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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