Key stats
About GLOBAL X METAVERSE INDEX ETF UNIT CL A
Home page
Inception date
Nov 26, 2021
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Qualified dividends
Primary advisor
Global X Investments Canada, Inc.
The fund is passively managed to provide vanilla exposure to companies that are positioned to benefit from the adoption of technologies that support the functioning of the metaverse. The index may include large-, mid-, and small-cap companies from both developed and emerging markets. Eligible companies must have exposure to any of the following segments: augmented/virtual reality, creator economy, digital infrastructure, digital marketplace, gaming, and digital payments. The index uses a proprietary natural language processing (NLP) algorithm to screen publicly available information and score companies for thematic exposure in each of the six metaverse segments. The 72 highest-scoring companies are ranked by market capitalization and the top 50 stocks are selected. The resulting portfolio is weighted by market capitalization, with a 5% capping for single constituent weights. The index is reconstituted and rebalanced quarterly.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Retail Trade
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.