Global Beta Low Beta ETF (GBLO)
Global Beta Low Beta ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $26.56, down 1.29% on the session, giving a market capitalisation of $5.8M. Its beta of 0.00 implies it has historically moved less than the broad market.
This Exchange Traded Fund (ETF) aims to track an index made up of U.S. equities. The companies selected for this benchmark are those from the S&P 500 that exhibit the lowest market volatility, specifically the 20% with the lowest beta relative to the S&P 500 over the past twelve months. To replicate the performance of this index, the fund might either acquire all its constituent securities or use a representative sampling methodology. Its primary investments will be in these American corporations featured in the target index. It's important to note that this fund is structured as a non-diversified investment vehicle.
Global Beta Low Beta ETF is most often compared with the following Financial Services names: