Global X Funds Post Record Trading Volumes (LIT, CHIQ, CHIM, CHIX, GXG, SIL, BRAZ)
Global X Funds Lithium ETF (NYSE:LIT) traded more than 450,000 shares on its opening day Friday, July 23, 2010, making it one of the most successful ETF launches this year. Other Global X ETFs posted significant volumes on the same day, including Global X China Consumer ETF (NYSE:CHIQ) which hit a record volume of over a million shares.
Global X Funds is one of the fastest growing ETF companies, currently managing $336.9 million in assets. Over the last two weeks alone, there have been 88 creation units across the China Consumer (NYSE:CHIQ), China Materials ETF (NYSE:CHIM), China Financials ETF (NYSE:CHIX), Colombia ETF (NYSE:GXG), Silver Miners ETF (NYSE:SIL), Brazil Mid Cap ETF (NYSE:BRAZ), and the newly issued Lithium ETF (NYSE:LIT). Creation units are created by large institutional investors called Authorized Participants. In general creation units consist of 50,000 shares. This represents an aggregate inflow of $76.8 million into the fund family over the last two weeks.
“We are committed to bringing innovative and relevant products to market, facilitating access to the most attractive segments across the global markets” said Bruno del Ama, CEO of Global X Funds.
Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. There are additional risks associated with investing in metals as well as their respective mining industries. Narrowly focused investments may be subject to higher volatility.
Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds’ prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.
Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.
SOURCE Global X Funds