Capital Group New Geography Equity ETF $CGNG Shares Purchased by Confluence Wealth Services Inc.
Confluence Wealth Services Inc. lifted its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 9.1% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 453,794 shares of the company's stock after purchasing an additional 37,967 shares during the
CGNG: World Equity Fund From Capital Group
Capital Group New Geography Equity ETF offers global equity exposure with a unique revenue-based, look-through approach across developed and emerging markets. CGNG maintains a balanced portfolio, overweight tech, with a 16.7x P/E and 2.9x P/B, and targets developed-markets-like volatility. Performance has been strong but volatile, with a 17% annualized volatility and -13% drawdown during market stress; the expense ratio is 0.64%.
