Global X Funds Adds Uranium ETF to its Cleantech Fund Suite

NEW YORK, Nov. 5, 2010 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds, launched today the Global X Uranium ETF (Ticker: URA). The launch is the latest expansion in the ETF issuer's cleantech commodity funds.

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Uranium is seen as the clean resource alternative for electric generation. One pound of uranium can generate as much energy as 20,000 pounds of coal, and leaves behind a fraction of the carbon footprint. Almost all the uranium mined today is used to produce electricity, and that provides about 16% of the world's electricity. Since the bull market for uranium in 2006-2007, many new nuclear plant development projects have been initiated around the world. However, uranium supply is forecasted to be in deficit for every year from 2010 onward. RBC Capital Markets estimates that the price of uranium will peak at $80/lb within three years.

"The Uranium ETF, like the successful Lithium ETF launched last quarter, provides access to a commodity in the renewable energy space," says Bruno del Ama, CEO of Global X Funds. "These resources are key for the future of clean technology."

The Global X Uranium ETF tracks the Solactive Global Uranium Index, which is designed to track the performance of the largest and most liquid listed companies globally in the uranium mining industry. As of November 1, 2010 the three largest components were Cameco, Paladin Energy and Uranium One.  

This launch follows the issuer's listing yesterday of the Global X Gold Explorers ETF (Ticker: GLDX), the latest addition to the fund family's global commodities suite. "We are committed to identifying novel but relevant investment themes that appeal to sophisticated investors," del Ama said.

For more information, please contact Jaime Doyle at 973-944-8105 or [email protected].

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 the largest suite of China and Brazil sector ETFs, and a Global Commodities suite that includes the Silver Miners ETF (Ticker: SIL), Copper Miners ETF (Ticker: COPX), Gold Explorers ETF (Ticker: GLDX) and Lithium ETF (Ticker: LIT).  For more information, please visit www.globalxfunds.com

DISCLOSURE

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.  Narrowly focused investments 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.

Structured Solutions AG Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by Structured Solutions AG, nor does this company make any representations regarding the advisability of investing in the Global X Funds.

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.

Holdings are subject to change; current and future holdings are subject to risk.

SOURCE Global X Funds