iShares North American Natural Resources ETF (IGE)
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IGE: Natural Resource ETF Benefits From Supply Imbalances But Has Underperformed Historically
IGE aims to provide economic exposure to U.S. and Canadian natural resource firms and has performed well recently, mainly due to the Strait of Hormuz crisis. Since its inception in 2001, its total return of 533% failed to outperform either the S&P 500 (869%) or Russell 2000 (741%). The fund is dominated by exposure to oil and gas firms and associated sub-sectors, with minimal exposure to other natural resources.
iShares North American Natural Resources ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 32,502 | $1.33M | $1.87M | $544,898.8 | 41.08% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 6,913 | $432,675.68 | $397,704.89 | -$34,970.79 | -8.08% |
 Daniel L. Lippincott Karpus Management Inc. | 127,079 | $8M | $7.31M | -$690,038.72 | -8.63% |
 Jeff Ameen Spire Wealth Management | 949 | $33,140.39 | $55,469.05 | $22,328.66 | 67.38% |
 John Mezzasalma Mezzasalma Advisors LLC | 8,840 | $379,113.03 | $509,714.4 | $130,601.37 | 34.45% |
iShares North American Natural Resources ETF (IGE) FAQ
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iShares North American Natural Resources ETF Profile
| BATS Exchange | US Country |
Overview
This company is a financial entity that primarily focuses on investment in natural resource-related companies located in the U.S. and Canada. It operates through a foundation where a significant majority, at least 80%, of its investment assets are dedicated to securities that form part of its underlying index. This underlying index is designed to track the performance of publicly traded natural resource companies within the specified geographical regions. Furthermore, the fund has the flexibility to allocate up to 20% of its assets towards various financial derivative instruments such as futures, options, and swaps, alongside maintaining liquidity through cash and cash equivalents. This diverse investment approach allows the fund to manage its risk while aiming to capitalize on the growth potential within the natural resources sector.
Products and Services
- Component Securities Investment
The primary service offered involves investing in the component securities of its carefully selected underlying index. This index is representative of natural resource-related companies based in the U.S. and Canada, reflecting a strategic focus on the sector. By allocating at least 80% of its assets in these securities, the fund aims to mimic the performance of its benchmark index closely.
- Financial Derivatives Investment
In addition to traditional securities, the fund engages in sophisticated investment strategies that include the use of financial derivatives. Futures, options, and swap contracts constitute up to 20% of the fund's investment portfolio. This approach is designed to enhance the fund’s flexibility in hedging against market volatility and exploring speculative opportunities to achieve additional revenue streams beyond the underlying index performance.
- Cash and Cash Equivalents
Maintaining liquidity is a crucial aspect of the fund’s investment strategy. A portion of the fund's assets is held in cash and cash equivalents. This not only provides the fund with the flexibility needed to quickly respond to market opportunities or meet redemption requests but also serves as a risk management practice, cushioning the impact of market downturns on the fund’s overall performance.
