Key stats
About GLOBAL X RUSSELL 2000 INDEX ETF
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Inception date
Nov 7, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
The fund follows an index focused on the small-capitalization sector of the US equity market. The fund differs from other Russell 2000 index tracking funds by capping individual holdings to limit single stock dependence. The fund follows a representative sampling strategy to mirror the key attributes of the index. The index employs a quarterly capping mechanism where constituents are limited to no more than 20% of the index's weight individually. Additionally, the sum of the weights of all constituents representing more than 4.5% of the index is restricted to not exceed 48% of the total index weight. The index is reconstituted annually and supplemented quarterly with new initial public offerings (IPOs). The fund's sector concentrations align with those of the index, maintaining similar industry exposure. The fund operates under a passive investment approach, complying with the Regulated Investment Company (RIC) concentration requirements for U.S. registered funds.
Classification
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RSSX trades at 23.38 CAD today, its price has fallen −3.35% in the past 24 hours. Track more dynamics on RSSX price chart.
RSSX net asset value is 23.67 today — it's risen 12.69% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
RSSX assets under management is 32.36 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
RSSX price has risen by 8.48% over the last month, and its yearly performance shows a −15.50% decrease. See more dynamics on RSSX price chart.
NAV returns, another gauge of an ETF dynamics, showed a −9.57% decrease in three-month performance and has decreased by −8.35% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −9.57% decrease in three-month performance and has decreased by −8.35% in a year.
RSSX fund flows account for 32.09 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
No, RSSX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, RSSX doesn't pay dividends to its holders.
RSSX trades at a premium (0.23%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
RSSX shares are issued by Mirae Asset Global Investments Co., Ltd.
RSSX follows the Russell 2000 RIC Capped Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 7, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.