Global X Dorsey Wright Thematic ETF Price & Performance (GXDW)

Global X has rebranded its Thematic Growth ETF (GXTG) to the Dorsey Wright Thematic ETF (GXDW), shifting its focus to a momentum-based strategy. The fund now dynamically rotates into the top five Global X thematic ETFs showing the strongest performance, aiming to better capture emerging market trends and disruptive sectors.123

China-focused thematic ETFs are seeing robust EV sales growth, with brands like BYD and Xpeng reporting double-digit increases. However, new US and global tariffs on Chinese EVs and tech exports are creating headwinds. Regulatory pushes for industry consolidation and cost declines in battery materials may support sector resilience amid ongoing volatility.4

Indian equities, tracked by the Global X India Select Top 10 ETF, have surged, outperforming regional benchmarks in March. The rally is attributed to improving manufacturing data, strong fiscal and monetary policy support, and resilient domestic demand, signaling optimism for continued growth despite global macro uncertainties and tariff risks.5