6 min readBy Beqa Bumbeishvili ETF Insider
How does the BFIT ETF work?
The BFIT ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
The BFIT ETF, managed by Global X Management Company LLC, is designed to track the performance of the Indxx Global Health & Wellness Thematic Index. Established with a focus on the global health and wellness industry
While the primary objective of the Global X Health & Wellness Thematic ETF (BFIT) may not revolve around dividend payouts, it still reflects the dividend distribution of the underlying Indxx Global Health & Wellness Thematic Index. Dividend distributions from this ETF typically follow the dividend policies and performances of the constituent companies within the index. As of January 31, 2023, the index includes companies from various developed markets that promote physical wellness and healthy lifestyles, potentially offering investors a combination of capital appreciation and dividend returns. However, dividend eligibility and distribution frequency are contingent on the individual dividend policies of the underlying Health & Wellness Companies within the ETF's portfolio.
Tracking the Indxx Global Health & Wellness Thematic Index is at the heart of the BFIT ETF's investment strategy. BFIT invests over 80% of its total assets in securities of the Indxx Global Health & Wellness Thematic Index, along with American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) linked to the index's securities. This index is designed to offer exposure to publicly-listed companies in developed markets that focus on products and services promoting physical wellness and active lifestyles, including fitness equipment, fitness technology, athletic apparel, nutritional supplements, and organic/natural food offerings. BFIT aims to closely mirror the index's performance, making it an attractive choice for investors seeking exposure to the global health and wellness sector.
The correlation aspect of the Global X Health & Wellness ETF (BFIT) is essential to understanding its behavior in relation to the health and wellness sector. As BFIT tracks the Indxx Global Health & Wellness Thematic Index, its correlation with companies involved in fitness equipment, fitness technology, athletic apparel, nutritional supplements, and organic/natural food offerings is expected to be strong. Investors often analyze BFIT's correlation with these Health & Wellness Themes and the overall market to make informed investment decisions, offering insights into trends within the health and wellness sector.
The BFIT ETF (BFIT) primarily focuses on the Health & Wellness sector, with investments in companies related to fitness equipment, fitness technology, athletic apparel, nutritional supplements, and organic/natural food offerings. The ETF seeks to provide exposure to firms that promote physical wellness through active and healthy lifestyles. This concentrated approach allows investors to participate in the growth potential of the Health & Wellness industry, but it's important to note that it can result in a more specialized and potentially higher-risk investment compared to broader ETFs.
The exposure characteristic of the Global X Health & Wellness Thematic ETF (BFIT) is centered around companies in developed markets that contribute to physical wellness through active and healthy lifestyles. BFIT primarily invests in firms involved in fitness equipment, fitness technology, athletic apparel, nutritional supplements, and organic/natural food offerings, collectively known as Health & Wellness Companies. These companies are selected based on their revenue exposure and primary business operations related to Health & Wellness Themes. As of January 31, 2023, BFIT concentrated its assets in industries such as textiles, apparel, and luxury goods, with significant exposure to the consumer discretionary sector.
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