Global X Brazil ETF Jumps 18.07% While India Active ETF Slides 18.13%
Global X Brazil Active ETF delivered 18.07% NAV return in Q1 2026, pushing 12-month returns to 55.58% driven by energy and financials. Emerging Markets Great Consumer ETF lost 2.30% NAV, Emerging Markets ex-China ETF rose 3.16%, while Global X India Active ETF fell 18.13% in Q1.
1. Brazil Active ETF Outperforms
Global X Brazil Active ETF gained 18.07% NAV in Q1 2026, boosting 12-month NAV returns to 55.58%. Outperformance was driven by rising commodity prices and an overweight in energy and financial sectors.
2. Emerging Markets ETFs Mixed Results
Global X Emerging Markets Great Consumer ETF posted a -2.30% NAV return in Q1, underperforming its benchmark by 2.14% as geopolitical volatility weighed on consumer stocks. In contrast, the Emerging Markets ex-China ETF climbed 3.16% supported by diversified sector allocation and favorable dollar and liquidity conditions.
3. India Active ETF Declines
Global X India Active ETF fell 18.13% NAV in Q1 2026, with losses tied to heavy energy import dependence. Consumer discretionary (+0.86%), financials (+0.43%) and industrials (+0.43%) were the only sectors contributing modest gains.