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CGGE - AI Analysis
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Capital Group Global Equity ETF (CGGE)
Rating:70Neutral
Price Target:
$34.81
Positive Factors
Strong Top Holdings
Several key holdings, such as Broadcom, TSMC, and GE Aerospace, have delivered strong year-to-date performance, supporting the ETF's overall returns.
Global Diversification
The ETF provides exposure to multiple countries, including the USA, France, Japan, and the UK, reducing reliance on a single geographic region.
Balanced Sector Allocation
The fund is spread across diverse sectors like Technology, Industrials, and Financials, helping to mitigate sector-specific risks.
Negative Factors
High U.S. Concentration
With nearly 59% of its assets in U.S. companies, the ETF is heavily reliant on the performance of the American market.
Underperforming Holdings
Some holdings, such as Apple, have shown weaker year-to-date performance, which may drag on overall returns.
Moderate Expense Ratio
The ETF's expense ratio of 0.47% is higher than some low-cost alternatives, potentially reducing net returns for investors.
CGGE vs. SPDR S&P 500 ETF (SPY)
AUM1.20B
RegionGlobal
Expense Ratio0.47%
Beta0.83
IssuerCapital Group
Inception DateJun 25, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume506,640
30 Day Avg. Volume479,453
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
34.81Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering116
CGGE Summary
The Capital Group Global Equity ETF (CGGE) is an investment fund that focuses on companies from around the world, offering exposure to a mix of large, mid, and small-sized businesses across various industries. It includes well-known companies like Microsoft and Broadcom and invests heavily in sectors such as technology and industrials. This ETF is a good option for investors looking to diversify their portfolio and tap into global growth opportunities. However, new investors should be aware that its performance can fluctuate with global market conditions, which means it may go up or down depending on how international markets are doing.
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
The Capital Group Global Equity ETF (CGGE) leans heavily into technology and industrials, with standout performers like Broadcom and TSMC driving gains thanks to strong demand for AI and advanced semiconductor technologies. Microsoft and Alphabet are steady contributors, benefiting from growth in cloud and AI services, though their premium valuations may limit upside. On the flip side, JPMorgan Chase has been lagging recently, weighed down by credit cost concerns. With a global focus, CGGE offers a diverse mix, but its tilt toward tech and industrials makes it sensitive to shifts in these sectors.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Broadcom | 4.50% | $53.88M | $1.67T | 110.47% | 79 Outperform | |
| Microsoft | 4.09% | $49.01M | $3.89T | 24.60% | 83 Outperform | |
| Alphabet Class A | 3.68% | $44.12M | $3.15T | 61.51% | 82 Outperform | |
| TSMC | 2.66% | $31.85M | $1.23T | 53.20% | 81 Outperform | |
| Apple | 2.53% | $30.28M | $3.90T | 15.17% | 78 Outperform | |
| ― | 2.47% | $29.56M | ― | ― | ― | |
| GE Aerospace | 2.23% | $26.73M | $320.53B | 78.40% | 77 Outperform | |
| JPMorgan Chase | 2.21% | $26.41M | $826.14B | 34.88% | 70 Outperform | |
| SAFRAN SA | 2.19% | $26.18M | €126.90B | 43.71% | 67 Neutral | |
| ASML Holding NV | 1.97% | $23.54M | €341.65B | 37.83% | 78 Outperform |
CGGE Technical Analysis
Positive
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Price Trends
30.58
Positive
29.84
Positive
28.14
Positive
Market Momentum
0.19
Negative
63.94
Neutral
90.65
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 31.05, equal to the 50-day MA of 30.58, and equal to the 200-day MA of 28.14, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 63.94 is Neutral, neither overbought nor oversold. The STOCH value of 90.65 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
31.56
5.45
20.87%
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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EQTY
Kovitz Core Equity 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.
Disclaimer
This 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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