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Should You Invest in the SPDR S&P Global Infrastructure ETF (GII)?
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Launched on 01/25/2007, the SPDR S&P Global Infrastructure ETF (GII - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - Infrastructure segment of the U.S. equity market.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Utilities - Infrastructure is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 12, placing it in bottom 25%.
Index Details
The fund is sponsored by State Street Global Advisors. It has amassed assets over $214.66 M, making it one of the largest ETFs attempting to match the performance of the Utilities - Infrastructure segment of the U.S. equity market. GII seeks to match the performance of the S&P Global Infrastructure Index before fees and expenses.
The S&P Global Infrastructure Index is comprised of 75 of the largest publicly listed infrastructure companies. It is designed to provide liquid exposure to the leading publicly listed companies in the global infrastructure industry, from both developed markets and emerging markets.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.40%, making it the least expensive product in the space.
It has a 12-month trailing dividend yield of 3.51%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Abertis Infraestructuras Sa (ABE-ES) accounts for about 5.25% of total assets, followed by Transurban Group Ltd. (TCL-AU) and Aena Sme Sa (AENA-ES).
The top 10 holdings account for about 37.86% of total assets under management.
Performance and Risk
The ETF has lost about -3.63% and is up roughly 5.00% so far this year and in the past one year (as of 04/27/2018), respectively. GII has traded between $48.07 and $53.66 during this last 52-week period.
The ETF has a beta of 0.71 and standard deviation of 14.12% for the trailing three-year period, making it a low risk choice in the space. With about 85 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Should You Invest in the SPDR S&P Global Infrastructure ETF (GII)?
Launched on 01/25/2007, the SPDR S&P Global Infrastructure ETF (GII - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - Infrastructure segment of the U.S. equity market.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Utilities - Infrastructure is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 12, placing it in bottom 25%.
Index Details
The fund is sponsored by State Street Global Advisors. It has amassed assets over $214.66 M, making it one of the largest ETFs attempting to match the performance of the Utilities - Infrastructure segment of the U.S. equity market. GII seeks to match the performance of the S&P Global Infrastructure Index before fees and expenses.
The S&P Global Infrastructure Index is comprised of 75 of the largest publicly listed infrastructure companies. It is designed to provide liquid exposure to the leading publicly listed companies in the global infrastructure industry, from both developed markets and emerging markets.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.40%, making it the least expensive product in the space.
It has a 12-month trailing dividend yield of 3.51%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, Abertis Infraestructuras Sa (ABE-ES) accounts for about 5.25% of total assets, followed by Transurban Group Ltd. (TCL-AU) and Aena Sme Sa (AENA-ES).
The top 10 holdings account for about 37.86% of total assets under management.
Performance and Risk
The ETF has lost about -3.63% and is up roughly 5.00% so far this year and in the past one year (as of 04/27/2018), respectively. GII has traded between $48.07 and $53.66 during this last 52-week period.
The ETF has a beta of 0.71 and standard deviation of 14.12% for the trailing three-year period, making it a low risk choice in the space. With about 85 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.