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Asset Summary

Daily Performance Report for WANT ETF: Nov 14, 2024

Summary: The day started with WANT ETF opening at $51.38 and closing at $49. The ETF showed weakness throughout the day, with the highest price observed at $51.71 and the lowest at $49. The underlying asset had a trading range of $2.71 Overall, it was a negative trading day for WANT ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-2.38 or -4.63% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for WANT ETF was 32,682 units during Nov 14, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $51.38.

Highest Price: The highest price observed during the day was $51.71.

Lowest Price: The lowest price observed during the day was $49.

Closing Price: The day ended at $49.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Factors influencing WANT’s performance include changes in the Chinese financial sector, economic conditions in China, regulatory developments, and overall market sentiment. Global economic trends and geopolitical events can also impact the ETF’s performance.

WANT aims to replicate the MSCI China Financials Index, which may undergo periodic rebalancing. The ETF adjusts its holdings to reflect changes in the index composition and weightings to maintain alignment with the index’s performance.

Risks include market risk, sector risk (financials), and country-specific risk associated with China. WANT's performance is influenced by the Chinese financial sector and broader economic conditions in China, which can lead to significant volatility.

WANT is managed by Global X Funds. The ETF aims to track the performance of the MSCI China Financials Index by investing in a portfolio of financial sector companies listed in China. The management strategy focuses on achieving index replication through buying and holding the constituent stocks.

Key performance metrics for WANT include its net asset value (NAV), expense ratio, tracking error, and total return relative to the MSCI China Financials Index. Investors should also consider the ETF’s volatility, liquidity, and trading volume.

WANT typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities in the ETF’s portfolio.

Yes, WANT can be held in retirement accounts such as IRAs or 401(k)s. However, due to its focus on the Chinese financial sector and its associated risks, it is important to consider how it fits within your overall investment strategy and risk tolerance.

Historical performance data for WANT includes past returns, NAV, and tracking accuracy relative to the MSCI China Financials Index. Investors can review performance charts and reports to assess the ETF's historical track record.

Investors can purchase shares of WANT through a brokerage account. The ETF is traded on major stock exchanges under the ticker symbol "WANT" and can be bought and sold like other stocks and ETFs.

Similar ETFs to WANT include: KWEB (KraneShares CSI China Internet ETF), which provides exposure to Chinese technology and internet companies; FXI (iShares China Large-Cap ETF), which offers exposure to large-cap Chinese companies, including those in the financial sector; and CNYA (iShares China A-Shares ETF), which focuses on Chinese A-shares, including financial sector stocks.

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