Pacer MSCI World Industry Advan (GLBL)
Pacer MSCI World Industry Advan operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $28.61, up 0.00% on the session, giving a market capitalisation of $1.2M. On trailing twelve-month figures it carries a trailing P/E of -60.87, a net margin of -29.5%. Its beta of 1.18 implies it has historically moved more than the broad market.
GLBL tracks an index that aims to invest in firms that lead the industry from the country with the most active weight in each of the GICS Industry Groups. First, the fund determines which country has the highest active weight in each of the twenty-five GICS Industry Groups as measured against the MSCI World Index, its parent index. Only large- and midcap companies from developed market countries are considered. Then, all securities with a 3-month ADTV greater than or equal to USD 5 Million become eligible. Finally, at each quarterly review and initial construction, the eligible securities that meet the liquidity criteria are grouped by country, and each group is weighted in proportion to their aggregate free-float market cap and the corresponding country's GDP. The weights are then normalized to sum to 100%, with each security having a cap of 5%.
Pacer MSCI World Industry Advan is most often compared with the following Financial Services names: