Global X Thematic Portfolio
A systematic approach to allocating across structural investment themes.
A disciplined framework for thematic allocation
Thematic investing identifies the structural changes shaping the world around us, from artificial intelligence and semiconductors to defence technology, infrastructure and robotics. Investors face a distinct set of decisions: which themes to hold, how much to allocate to each, and when those allocations should change as market leadership rotates.
The Global X Thematic Portfolio brings these decisions together through a disciplined, rules-based framework that allocates across the Global X thematic ETF range.
The Global X Thematic Portfolio is hypothetical. It is not an investable product, does not involve actual capital, and all performance shown is simulated. Holdings, weights, portfolio changes and performance are published on this page and updated at each rebalance.
Theme selection
Three independent investment models score and rank every ETF in the eligible thematic universe.
Risk-aware sizing
Positions are weighted by inverse volatility, so sizing adjusts to recent volatility and market risk.
Governance review
The Global X Investment & Oversight Committee reviews and validates each rebalance before publication.
Machine learning expertise, paired with Global X thematic oversight
The portfolio is developed in partnership with WealthSpot LLC, a New York-based firm specialising in the application of machine learning to portfolio construction. WealthSpot's three investment models score and rank the ETF universe and determine the portfolio weights. Global X provides the thematic ETF universe and oversees the portfolio through its Investment & Oversight Committee, which reviews and validates each rebalance prior to publication.
WealthSpot
Scoring, ranking and portfolio construction
Global X
ETF universe, governance and publication
Three stages, applied consistently at every rebalance
Each month, the eligible ETF universe is scored and ranked, the highest-ranked ETFs are selected, and the portfolio is weighted by risk.
Scoring
WealthSpot’s three independent models each score the eligible universe from a different angle, using market data, company fundamentals and analyst earnings estimates. One model scores each ETF directly, while the other two score the underlying stocks and aggregate them to each ETF by constituent weight. These scores are blended equally into a single composite score, which is then used to rank each of the Global X thematic ETFs in the universe.
Selection
The highest-scoring ETFs are selected for inclusion, up to six holdings, with no more than two additions and two removals at each rebalance. This maintains concentration in the strongest-scoring themes while limiting dependence on any individual exposure.
Weighting
Selected ETFs are weighted using an inverse volatility methodology. Exposures with lower recent volatility receive proportionally larger weights, and exposures with higher recent volatility receive smaller weights.
The same methodology governs every rebalance, applied monthly and effective the 3rd business day after month-end. Portfolio changes are published on this page at each update, accompanied by commentary on the composition of the portfolio and the market backdrop.
Current portfolio
View the latest holdings, weights and simulated performance, updated at each rebalance.
ETF ticker | ETF name | 30 Sept 2026 weight | 31 Oct 2026 weight | Change (% pts) |
|---|---|---|---|---|
Global X Morningstar Global Technology ETF | 21.72% | 21.93% | +0.22 | |
Global X FANG+ ETF | 21.04% | 19.72% | -1.32 | |
Global X ROBO Global Robotics & Automation ETF | 0.00% | 18.86% | +18.86 | |
Global X Artificial Intelligence ETF | 18.70% | 17.51% | -1.19 | |
Global X Hydrogen ETF | 0.00% | 11.23% | +11.23 | |
Global X Semiconductor ETF | 11.66% | 10.74% | -0.92 |
Performance
Hypothetical results derived from simulation, not actual trading. Returns are calculated on index levels reduced by the applicable ETF expense ratio. Net of a 0.2% one-way transaction cost assumption. Past performance is not a reliable indicator of future performance.
When interpreting the performance of this portfolio you should take into consideration the limitations inherent in model portfolio performance.
This portfolio was launched on 5 October 2026. Returns prior to this period are simulated.
Investment & Oversight Committee
Each rebalance is reviewed and validated by the Global X Investment & Oversight Committee before publication.
Billy Leung
Senior Investment Strategist
Chris Wolak
Head of Portfolio Management
David Croft
Technology & AI LeadFrequently asked questions
This communication does not consider your personal circumstances or needs. Investors should obtain independent financial advice, consider whether Global X products are appropriate for them, and read the product disclosure statement (PDS) and target market determination (TMD) before making investment decisions. The Global X Thematic Portfolio is not an investable financial product.
Issued by Global X Management (AUS) Limited (‘Global X’) (AFSL 466778, ACN 150 433 828). This is not personal advice. All PDSs and TMDs are available on our website: www.globalxetfs.com.au. Investment in any products issued by Global X is subject to risks, including possible delays in repayment and loss of income and principal invested. Past performance is not a reliable indicator of future performance. This content may not be reproduced, distributed or published by any recipient for any purpose. Global X nor any of its affiliates make any warranty as to the accuracy of any data used or displayed in this communication or to the performance of any product. Holdings and weights are subject to change without notice. Simulated and back-tested figures are hypothetical, not actual trading.