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MGOC

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Analysis and statistics

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About

MGOC.AU represents the BetaShares Global Sustainability Leaders ETF. This exchange-traded fund (ETF) provides investors with exposure to a portfolio of approximately 100 of the largest global companies (ex-Australia) identified as leaders in sustainability practices based on environmental, social, and governance (ESG) factors. The fund aims to track the performance of the Nasdaq Global Sustainability Leaders Index, providing investors with a relatively low-cost and diversified approach to investing in companies demonstrating strong commitment to sustainability.
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Factors

Global gold prices: MGOC.AU's price is highly correlated with the spot price of gold.

AUD/USD exchange rate: As gold is priced in USD, the AUD/USD rate affects the AUD price of gold and thus MGOC.AU.

Demand for gold ETFs: Increased investor demand for gold ETFs, including MGOC.AU, can drive up its price.

Market sentiment: Overall risk appetite in the market influences gold's safe-haven appeal and MGOC.AU's price.

Interest rates: Rising interest rates can decrease gold's attractiveness relative to interest-bearing assets.

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