(CMGG) CI Munro Global Growth - Ratings and Ratios

The CI Munro Global Growth Equity Fund ETF (CMGG) is a Canadian ETF that tracks the Morningstar Global Markets GR CAD Index, providing exposure to global equity markets with a focus on growth. As a Global Equity ETF, it aims to capture growth opportunities across various regions and sectors.

From a performance perspective, CMGG has demonstrated a strong upward trend, with its last price at $37.16. The ETFs short-term and long-term moving averages (SMA20: $36.35, SMA50: $35.11, SMA200: $33.12) indicate a consistent increase in value over time, suggesting a positive momentum. The Average True Range (ATR) of 0.32, or 0.85%, indicates relatively moderate volatility.

In terms of key performance indicators (KPIs), we can evaluate CMGGs performance using metrics such as the Sharpe Ratio, which measures risk-adjusted returns. Assuming a reasonable Sharpe Ratio for a Global Equity ETF, a value above 0.8 would indicate that CMGG is generating excess returns relative to its risk. Additionally, the ETFs expense ratio, tracking error, and dividend yield are other important KPIs to consider. A low expense ratio (< 0.5%) would be desirable, as it indicates lower fees for investors. A tracking error below 1% would suggest that the ETF is effectively replicating its benchmark index. A dividend yield around 2-3% could provide a relatively stable income stream.

With Assets Under Management (AUM) of $186.91M CAD, CMGG has a moderate size, which may impact its liquidity and trading costs. As a Trading Analyst, its essential to monitor the ETFs liquidity, trading volume, and bid-ask spreads to ensure that it remains an attractive investment opportunity.