QWLD Profile
The SPDR MSCI World StrategicFactors ETF is designed to provide investors with broad exposure to global equity markets through a strategic approach that emphasizes specific investment factors. Under normal market conditions, the fund allocates at least 80% of its total assets to securities that comprise its underlying index, as well as depositary receipts based on these securities. This approach ensures that the ETF closely tracks the performance of its benchmark index while adhering to its investment strategy.
The underlying index aims to represent large- and mid-cap companies across 23 developed countries, encompassing a diverse range of sectors and industries. By focusing on this broad geographical scope, the index provides a comprehensive view of the global equity market, capturing the performance of major players in the developed world. The ETF’s investment strategy is centered on the index’s factor-based approach, which incorporates value, low volatility, and quality factors.
The value factor targets companies that are considered undervalued relative to their financial metrics, such as earnings or book value. The low volatility factor emphasizes stocks with lower price fluctuations, aiming to reduce risk while providing stable returns. The quality factor focuses on companies with strong financial health and high profitability. By integrating these factors, the ETF seeks to enhance returns while managing risk, providing a balanced investment strategy.
Overall, the SPDR MSCI World StrategicFactors ETF offers investors a methodical approach to global equity investing. The fund's factor-based strategy is designed to exploit specific characteristics of the market, potentially delivering superior risk-adjusted returns compared to a broad market approach. Its focus on developed markets and strategic factors makes it a valuable tool for investors seeking to diversify their portfolios with a global perspective while targeting specific investment attributes.
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