Capital Group International Equity ETF

CGIE

Market cap $2.32B

Launched on 12/15/2020, the First Trust International Developed Capital Strength ETF (FICS) is a smart beta exchange traded fund offering broad exposure to the Foreign Large Growth ETF category of the market.

The Capital Group International Equity ETF has shown strong performance, with a 23% since-inception return driven by investments in European large-cap growth companies. The CGIE ETF's focus on sectors like tech, financials, healthcare, and industrials positions it well for continued growth amid favorable borrowing conditions in Europe. With the U.S. facing financial and political volatility, CGIE offers a strategic hedge and capital appreciation potential for diversified portfolios.

Capital Group first launched ETFs less than two and a half years ago, but is not slowing down. The firm's asset base is just under $35 billion, aided by nearly $10 billion thus far in 2024.