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Open To Retail Investors
Global X S&P World ex Australia GARP (Currency Hedged) ETF (ASX:GHRP)
Invest in global companies with strong earnings growth, solid financial strength, and reasonable valuations.
Min. Investment
$500
Objective
Growth
Structure
ETF
Category
Global
Liquidity
Listed
Closing Date
Open Ended
View More Details
Min. Investment
$500
Objective
Growth
Structure
ETF
Category
Global
Liquidity
Listed
Closing Date
Open Ended
Funding Stage
Listed
Security Type
Unit in a trust
Target Capital
N/A
Availability
Open for investment
Comparison Data
1Morningstar Overall Rating ™
Performance
| 1 month | 3 month | 1 year | 3 year | 5 year | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
| - | - | - | - | - | 1.8% | 8 May 2026 |
Fees
| Management Fee | Performance Fee | Morningstar Total Cost Ratio |
|---|---|---|
| 0.3% | - | 0.3% |
Investment Highlights
High Growth at Fair Value
Broad Global Diversification
Currency Hedged
Management Fees
0.33% p.a.
Performance Fees
Nil
Benchmark
S&P World Ex Australia GARP Index (AUD Hedged)
Investment Time Frame
5+ Years
Number of Investments
249
Distributions
Semi-Annually
The Global X S&P World ex Australia GARP (Currency Hedged) ETF (GHRP) offers investors a core global equity strategy rooted in the legendary Growth at a Reasonable Price framework. By targeting 250 high-quality global companies that balance robust earnings growth with sensible valuations, this fund captures the primary engine of long-term wealth creation while avoiding overvalued market segments.
Historically, this disciplined approach has outperformed the broader global share market over 90% of the time, delivering an average excess return of 3-4% annually.
Designed as a lower-cost alternative to traditional actively managed growth funds, GHRP incorporates robust risk controls, including quality filters for low debt and high return on equity, alongside a currency hedge to Australian dollars. Ultimately, it provides a balanced, resilient mechanism to navigate shifting market cycles by blending the upside of growth with the downside protection of value.
The Global X S&P World ex Australia GARP (Currency Hedged) ETF seeks to provide investors with a return that (before fees and expenses) tracks the performance of the S&P World ex Australia GARP Index (AUD Hedged).
The Global X S&P World ex Australia GARP (Currency Hedged) ETF (GHRP) provides exposure to global companies with strong earnings growth, solid financial strength, and reasonable valuations. This aligns with the Growth at a Reasonable Price (GARP) investment strategy.
- The origins of GARP can be traced back to legendary investors like Peter Lynch, who popularised the strategy in the 1980’s. Lynch’s success with the GARP approach led his fund returning on average 29% p.a. making it the best-performing fund in the world during his tenure.1
- A company’s earnings growth is the engine that drives long-term wealth creation, as earnings have accounted for the majority of total shareholder return over the long-term, compared to the smaller portion derived from dividends and multiple expansion.2
- A GARP investing strategy has outperformed the broader global share market over 90% of the time, with an average excess return of 3-4% p.a.3
1 Source: Nasdaq (March 2014): How Peter Lynch Earned 29% a Year for 13 years.
2 Source: Morgan Stanley (May 2024): The importance of discipline in the long game.
3 Source: S&P as of 28 February 2026. Based on Winning Periods, which refers to the excess return outperformance of the S&P World ex Australia GARP Index vs the S&P World Ex-Australia Index during respective rolling periods since index inception.
- GHRP can serve as a core global equity strategy in portfolios, effectively balancing growth and value across different market cycles.
- To access exposure to 250 quality companies from a broad range of sectors and countries that have grown their earnings and aren’t too expensive relative to their growth.
- A lower-cost alternative to traditional actively managed growth equity funds.4
4 Source: Morningstar using average fee of actively managed Equity World Large Growth funds.
The Global X S&P World ex Australia GARP (Currency Hedged) ETF (GHRP) tracks the S&P World ex Australia GARP Index (AUD Hedged), which invests in 250 global companies that exhibit GARP characteristics. This includes filtering the broader investment universe based on multiple factors, such as:
- Growth – Sales and Earnings Growth
- Value – Price to Earnings (PE) ratio
- Quality – Financial Leverage (i.e. debt) and Return on Equity (ROE)
Each company’s weight is calculated by multiplying its Float Market Capitalisation by its Growth score, with a maximum security weight of 5% and sector cap of 40%. The index is rebalanced semi-annually, and distributions are paid semi-annually.
GHRP is currency hedged to Australian dollars.
GARP investing may pose some risk, as the market cycle can impact the performance of GARP stocks. During periods of extreme optimism, high-growth stocks may outperform, potentially leaving GARP investors with relatively modest gains.
Expensive stocks may keep getting more expensive if multiple expansion continues. Conversely, in a downturn, the value component of GARP can provide some downside protection, but it may not be as defensive as pure value stocks or defensive assets.
In addition, as GHRP is currency-hedged into AUD, any depreciation in the Australian dollar may result in comparatively weaker returns than an equivalent unhedged strategy.
Click here to view our latest Performance Details.
Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.
Global X ETFs is a leading global ETF provider with a growing range of cost-effective and innovation-led products which are built to help investors and their advisers achieve better investment outcomes. While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Digital Assets funds to suit a wide range of investment objectives. Explore our ETFs, research, and insights, and more at www.globalxetfs.com.au.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than US$528 billion in assets under management worldwide.¹ Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with almost $100 billion in assets under management.²
¹ Assets under management as at March 2023, Mirae Asset Global Investments
² Assets under management as at June 2023, Mirae Asset Global Investments
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