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CGGO - ETF AI Analysis
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Capital Group Global Growth Equity ETF (CGGO)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, including Nvidia, Broadcom, and TSMC, have shown strong year-to-date performance, driving the ETF's returns.
Global Diversification
The ETF has exposure to multiple countries, including France, Japan, and India, which helps reduce reliance on a single geographic market.
Balanced Sector Allocation
The fund is diversified across sectors like Technology, Industrials, and Financials, reducing the impact of downturns in any one industry.
Negative Factors
High U.S. Concentration
Over 63% of the fund is allocated to U.S. companies, making it vulnerable to domestic market fluctuations.
Moderate Expense Ratio
The ETF's expense ratio of 0.47% is higher than some low-cost alternatives, which could slightly reduce long-term returns.
Underweight Defensive Sectors
The fund has limited exposure to defensive sectors like Consumer Defensive and Utilities, which may underperform during market volatility.
CGGO vs. SPDR S&P 500 ETF (SPY)
AUM7.96B
RegionGlobal
Expense Ratio0.47%
Beta1.01
IssuerCapital Group
Inception DateFeb 22, 2022
Dividend Yield1.26%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume977,533
30 Day Avg. Volume987,264
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
40.39Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering98
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CGGO Summary
The Capital Group Global Growth Equity ETF (CGGO) is an investment fund that focuses on growth-oriented companies from around the world. It includes businesses of all sizes—large, medium, and small—and spans various sectors like technology, healthcare, and consumer goods. Some well-known companies in the fund are Microsoft and Nvidia. This ETF is designed for investors looking for long-term growth and diversification, as it provides exposure to innovative companies across multiple countries and industries. However, since it emphasizes growth stocks, its value can fluctuate significantly with market conditions, which is a risk new investors should consider.
How much will it cost me?The Capital Group Global Growth Equity ETF (CGGO) has an expense ratio of 0.47%, which means you’ll pay $4.70 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed, with professional managers selecting stocks rather than tracking an index.
What would affect this ETF?The Capital Group Global Growth Equity ETF (CGGO) could benefit from advancements in technology and innovation, as its top holdings include major tech companies like TSMC, Microsoft, and Nvidia, which are well-positioned to thrive in a growing digital economy. However, it may face challenges if global economic conditions worsen, such as rising interest rates or geopolitical tensions, which could negatively impact growth stocks and sectors like technology and consumer cyclical industries. Additionally, regulatory changes in key markets could influence the performance of its holdings.
CGGO Top 10 Holdings
The Capital Group Global Growth Equity ETF (CGGO) leans heavily into technology, with names like TSMC and Broadcom driving performance thanks to their focus on AI and advanced semiconductors, despite valuation concerns. Nvidia, while steady in its AI ambitions, has seen mixed momentum recently, slightly holding back gains. Microsoft’s cloud and AI strategies remain promising, but its stock has been losing steam in the short term. With a global mix of holdings, including ASML from Europe, the fund’s concentration in tech and industrials underscores its growth-oriented approach, though some high valuations may temper upside potential.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| TSMC | 5.38% | $429.63M | $1.18T | 42.96% | 81 Outperform | |
| Broadcom | 4.49% | $358.53M | $1.61T | 52.62% | 76 Outperform | |
| Microsoft | 4.24% | $338.03M | $3.54T | 8.92% | 79 Outperform | |
| ASML Holding NV | 3.02% | $240.79M | €347.07B | 30.77% | 76 Outperform | |
| Nvidia | 2.87% | $229.17M | $4.32T | 37.86% | 76 Outperform | |
| ― | 2.10% | $167.76M | ― | ― | ― | |
| Citigroup | 1.96% | $156.17M | $199.11B | 63.36% | 68 Neutral | |
| SAFRAN SA | 1.81% | $144.37M | €122.40B | 38.63% | 67 Neutral | |
| Banco Bilbao Vizcaya Argentaria | 1.74% | $138.99M | €110.98B | 111.58% | 76 Outperform | |
| Comfort Systems | 1.73% | $138.29M | $34.16B | 123.61% | 77 Outperform |
CGGO Technical Analysis
Neutral
―
Price Trends
34.48
Negative
33.83
Positive
31.76
Positive
Market Momentum
0.07
Positive
42.59
Neutral
16.05
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CGGO, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 34.34, equal to the 50-day MA of 34.48, and equal to the 200-day MA of 31.76, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 42.59 is Neutral, neither overbought nor oversold. The STOCH value of 16.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CGGO.
CGGO Peer Comparison
Comparison Results
Performance Comparison
CGGO
Capital Group Global Growth Equity ETF
34.01
5.02
17.32%
JGLO
JPMorgan Global Select Equity ETF
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CGDG
Capital Group Dividend Growers ETF
―
―
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EAGL
Eagle Capital Select Equity ETF
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―
―
BDYN
iShares Dynamic Equity Active ETF
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―
―
TCHP
T. Rowe Price Blue Chip Growth 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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