Global X Funds Global X Interest Rate Hedge ETFGlobal X Funds Global X Interest Rate Hedge ETFGlobal X Funds Global X Interest Rate Hedge ETF

Global X Funds Global X Interest Rate Hedge ETF

No trades
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Key stats


Assets under management (AUM)
‪1.87 M‬USD
Fund flows (1Y)
‪−939.60 K‬USD
Dividend yield (indicated)
3.69%
Discount/Premium to NAV
−0.07%

About Global X Funds Global X Interest Rate Hedge ETF


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
0.50%
Inception date
Jul 5, 2022
Index tracked
No Underlying Index
Management style
Active
RATE aims to provide a tactical hedge against sharply rising long-term interest rates while positioning the portfolio to benefit during periods of increased interest rate volatility. While the fund has the ability to use put options on US Treasury ETFs and/or Treasury futures, the portfolio typically consists of 85% cash equivalent collateral and 15% payer swaption contracts. The swaption exposure may fluctuate up to 25%. Swaption contracts are based on the 10-year rate swap and typically have less than a year to expiration. Contracts are typically out-of-the-money when purchased, subjecting the fund to some interest rate risk. The 10-year rate swap is benchmarked to the 10-Year Secured Overnight Financing Rate (SOFR). As such, strategy looks to produce a short-term inverse correlation to long-term treasury bonds and a high correlation to longer-dated interest rate movements. Global X actively manages the portfolio. Prior to November 14, 2022, the fund traded under the ticker IRHG.

Classification


Asset Class
Alternatives
Category
Tactical tools
Focus
Spreads
Niche
Inflation
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Rights & Warrants
Bonds, Cash & Other100.00%
ETF86.55%
Rights & Warrants12.72%
Cash0.73%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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