GLOBAL X BALANCED ASSET ALLOCATION UNIT CL AGLOBAL X BALANCED ASSET ALLOCATION UNIT CL AGLOBAL X BALANCED ASSET ALLOCATION UNIT CL A

GLOBAL X BALANCED ASSET ALLOCATION UNIT CL A

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Buy HBAL

Key stats


Assets under management (AUM)
‪147.86 M‬CAD
Fund flows (1Y)
‪−14.80 M‬CAD
Dividend yield (indicated)
2.31%
Discount/Premium to NAV
−0.7%

About GLOBAL X BALANCED ASSET ALLOCATION UNIT CL A


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
0.22%
Inception date
Aug 1, 2018
Index tracked
No Underlying Index
Management style
Active
The fund is a fund-of-funds that aims for long-term capital growth using Horizons Total Return Index ETFs (TRI ETFs). The fund targets a 70% allocation to global equities and 30% allocation to North American government, provincial and corporate fixed income securities. The Canadian securities exposure will be at least 30%. HBAL generally rebalances semi-annually in January and July wherein a portfolio optimization strategy will be employed to select the weightings of TRI ETFs that maximizes risk-adjusted returns. It is worth noting that the fund invests in TRI ETFs that uses derivatives to provide the returns of the index they track (a synthetic exposure) instead of owning the securities directly. Specifically, it uses Total Return Swaps with one or more bank counterparties. HBAL will also use currency forwards at all times to hedge its non-Canadian dollar currency exposure to the Canadian dollar.

Classification


Asset Class
Asset allocation
Category
Asset allocation
Focus
Target outcome
Niche
Income & capital appreciation
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Bonds, Cash & Other100.00%
ETF99.93%
Cash0.07%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Summary
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.