Iq Global Equity Etf Profile
| WRND Etf | USD 29.08 0.05 0.17% |
Performance0 of 100
| Odds Of DistressLess than 9
|
IQ Global is trading at 29.08 as of the 24th of November 2024, a 0.17 percent increase since the beginning of the trading day. The etf's lowest day price was 29.08. IQ Global has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for IQ Global Equity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of December 2022 and ending today, the 24th of November 2024. Click here to learn more.
The underlying index seeks to provide exposure to innovative companies by investing in the equities of companies that have high research and development spending around the world. IQ Global is traded on NASDAQ Exchange in the United States. More on IQ Global Equity
Moving together with WRND Etf
WRND Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Theme ETFs, Strategy ETFs, Global Large-Stock Blend, IndexIQ (View all Sectors) |
| Issuer | New York Life Investments |
| Inception Date | 2022-02-08 |
| Benchmark | NYLI Global Equity R&D Leaders Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 6.54 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | New York Life Investment Management LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Greg Barrato, Francis Ok |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Apr |
| Exchange | NASDAQ |
| Number of Constituents | 208 |
| Market Maker | GTS |
| Total Expense | 0.19 |
| Management Fee | 0.18 |
| Country Name | USA |
| Returns Y T D | 15.39 |
| Name | IQ Global Equity RD Leaders ETF |
| Currency Code | USD |
| Open Figi | BBG0155KHWN3 |
| 1y Volatility | 12.62 |
| 200 Day M A | 28.9651 |
| 50 Day M A | 29.777 |
| Code | WRND |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
IQ Global Equity [WRND] is traded in USA and was established 2022-02-08. The fund is listed under Global Large-Stock Blend category and is part of IndexIQ family. The entity is thematically classified as Theme ETFs. IQ Global Equity at this time have 3.68 M in net assets. , while the total return for the last year was 21.9%.
Check IQ Global Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on WRND Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding WRND Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as IQ Global Equity Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
IQ Global Equity Currency Exposure
IQ Global Equity holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of IQ Global will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in IQ Global Equity.
Top IQ Global Equity Etf Constituents
| 012330 | Hyundai Mobis | Stock | Consumer Discretionary | |
| 066570 | LG Electronics | Stock | Consumer Discretionary | |
| SHL | Siemens Healthineers AG | Stock | Medical Devices | |
| UBER | Uber Technologies | Stock | Industrials | |
| BMY | Bristol Myers Squibb | Stock | Health Care | |
| AMAT | Applied Materials | Stock | Information Technology | |
| DHR | Danaher | Stock | Health Care | |
| AMZN | Amazon Inc | Stock | Consumer Discretionary |
IQ Global Equity Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IQ Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.02) |
IQ Global Against Markets
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in IQ Global Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of IQ Global Equity is measured differently than its book value, which is the value of WRND that is recorded on the company's balance sheet. Investors also form their own opinion of IQ Global's value that differs from its market value or its book value, called intrinsic value, which is IQ Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IQ Global's market value can be influenced by many factors that don't directly affect IQ Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IQ Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.