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GLOF

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1d
1w
1m

Analysis and statistics

  • Open
    49.7817$
  • Previous Close
    49.4468$
  • 52 Week Change
    --
  • Day Range
    0.33$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

The ETF with the ticker symbol GLOF.US corresponds to the WisdomTree International Multifactor Fund. This fund aims to track the performance of dividend-paying companies from developed countries outside of the United States that are selected and weighted based on several investment style factors, including value, quality, momentum, and low correlation. The fund provides exposure to a diversified portfolio of international equities, seeking to outperform traditional market-capitalization weighted benchmarks by emphasizing these specific factor characteristics. Investors often use GLOF.US to gain access to international equity markets with a focus on potentially higher returns and lower risk compared to standard international indexes.

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Factors

Underlying Asset Performance: GLOF.US tracks global shipping companies. The performance of these companies directly impacts the ETF's price.

Supply and Demand: Basic economics apply. Higher demand for GLOF.US pushes the price up, while increased selling pressure lowers it.

Interest Rates: Changes in interest rates can affect shipping companies' borrowing costs and profitability, indirectly influencing the ETF.

Global Economic Growth: Shipping activity is tied to global trade. Economic growth typically boosts shipping volumes, benefiting the ETF.

Geopolitical Events: Events like trade wars or political instability can disrupt shipping routes and affect company earnings, influencing the ETF's price.

Fuel Prices: Fuel costs are a significant expense for shipping companies. Fluctuations in fuel prices can impact profitability and the ETF's value.

Regulatory Changes: New regulations affecting shipping (e.g., environmental rules) can impact costs and efficiency, influencing the ETF's price.

Currency Fluctuations: Since the ETF holds international companies, currency exchange rates can impact the ETF's returns when converted back to USD.

ETF Management Fees: The expense ratio of the ETF can slightly influence its overall return compared to the underlying holdings.

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