Capital Group Global Growth Equity ETF (CGGO)
Capital Group Global Growth Equity ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $40.88, up 0.89% on the session, giving a market capitalisation of $12.30B. Its beta of 1.14 implies it has historically moved more than the broad market.
The fund's main goal is to foster significant long-term growth for its investors' capital. Its portfolio is predominantly composed of common equities and highly liquid assets, such as cash and various money market instruments, which may include commercial paper and other short-term debt securities. Ordinarily, the fund commits a substantial portion—at least 40% of its total net assets—to investments located outside the United States. This international allocation threshold can be adjusted, however; it will be set at the lower of either 40% or a level five percentage points below the non-U.S. exposure of the MSCI ACWI Index.
Capital Group Global Growth Equity ETF is most often compared with the following Financial Services names: