The iShares Global Financials ETF (IXG) is an exchange-traded fund designed to track the performance of financial companies across developed and emerging markets worldwide. The ETF is managed by BlackRock through the iShares platform and trades under the ticker IXG on the Nasdaq.

Classified as a sector equity ETF, the fund invests in global financial companies operating across a range of industries, including banks, insurance providers, asset managers, stock exchanges, financial services firms, and payment companies.

The ETF follows a passive management strategy and seeks to replicate the performance of the S&P Global 1200 Financials Index, which includes financial companies from developed and emerging markets weighted by free float-adjusted market capitalization.

Diversification and sector exposure

IXG provides exposure primarily associated with:

• Banks.

• Insurance.

• Capital markets.

• Asset management.

• Financial services.

• Payment companies.

• Global financial institutions.

• Large-cap companies.

The portfolio includes financial institutions from multiple countries, providing exposure to companies that play a central role in the global financial system, including commercial banks, investment banks, asset managers, stock exchanges, and insurance providers.

The ETF's performance generally reflects developments across the global financial sector, influenced by economic growth, lending activity, capital markets, and regulatory conditions.

Structure and costs

IXG shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The iShares Global Financials ETF was launched in 2001 to provide investors with exposure to financial companies across global markets.

Since inception, the fund has tracked major developments in the global financial industry, including the 2008 global financial crisis, strengthened banking regulation, the expansion of digital payment networks, and the growth of the asset management industry.

In recent years, the ETF's performance has been influenced by the global interest rate cycle, the digital transformation of financial services, the continued evolution of capital markets, and changing international economic conditions.

Additional Information

iShares Global Financials ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $679.44 million.

Over the past 12 months, iShares Global Financials ETF recorded a return of 23.32%, with its price trading between $109.99 and $133.51 during the same period.

The ETF is traded under the ticker IXG.