Global X Funds, the New York-based provider of exchange traded funds, announced it crossed the $1 billion mark in assets under management as of Nov. 5, 2010. Global X Funds provide efficient access to innovative opportunities across the global markets.
Global X Funds began the year with $88 million in assets across seven NYSE-listed ETFs, and has grown over 1000% in assets now managed across 17 ETFs. BlackRock’s ETF Industry Landscape ranks Global X as one of the fastest growing ETF providers in the world.
“Our growth reflects our ability to bring innovative products to market that thoughtfully respond to investor needs and illuminate new ways to view the global landscape,” Global X CEO Bruno del Ama said.
Global X currently offers China, Latin America, Global Commodities, and Cleantech Resources fund suites. The largest Global X ETFs as of Nov. 14 are:
- Silver Miners ETF (NYSE:SIL) with $251M in assets
- FTSE Colombia 20 ETF (NYSE:GXG) with $198M in assets
- China Consumer ETF (NYSE:CHIQ) with $192M in assets
Global X ETFs that have garnered some of the highest trading volumes on launch day this year include the Uranium ETF (NYSE:URA), Gold Explorers ETF (NYSE:GLDX), Lithium ETF (NYSE:LIT) and a family of Brazil ETFs (NYSE:BRAZ), (NYSE:BRAQ), (NYSE:BRAF).
“Global X ETFs are highly accessible and agile tools for capturing a distinct slice of the market, and many times provide exposure where it would otherwise be expensive or difficult to access,” said del Ama. “We remain focused on delivering targeted exposure, timely themes, and dynamic offerings for investors.”
ABOUT GLOBAL X FUNDS
Global X Funds is an innovative provider of exchange-traded funds that facilitate access to investment opportunities across the global markets. One of the fastest growing ETF providers in the world, it currently offers China, Latin America, Global Commodities, and Cleantech Resources fund suites. For more information, please visit www.globalxfunds.com
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. Investments focusing on a single country may be subject to higher volatility. There are additional risks associated with investing in base and precious metals as well as their respective mining industries.
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