Global X Adds to Thematic Suite with the Launch of the Global X Defense Tech ETF (SHLD)

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Defense Tech ETF. SHLD is the latest addition to the company's Thematic Growth suite of funds, offering investors access to the latest developments in cutting-edge technologies which contribute to national defense.

While traditional military threats to national security remain, which require defense equipment like military aircrafts and weapons, new threats are emerging as well. The rise in cyber-attacks has spurred both public and private investments in emerging defense technologies such as artificial intelligence (AI), augmented/virtual reality (AR/VR) and Internet of Things (IoT). By 2030, we project global military and defense spending will grow 40% to top $3.1 trillionⁱ. As national security threats evolve, investors may want to consider the companies leading the way when it comes to cybersecurity, defense technology, and advanced military systems and hardware.

"Amid escalating geopolitical concerns, the digital transformation of warfare, and new cybersecurity threats, there is a growing market for militaries to adopt cutting-edge technologies," said Pedro Palandrani, Director of Research at Global X ETFs. "SHLD will allow investors access to the key developments and companies in the defense sector underpinning this growth opportunity."

SHLD will carry an expense ratio of 0.50% and seeks to track the performance, before fees and expenses, of the Global X Defense Tech Index.

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 200 ETF strategies and over $50 billion in global assets under management.ⁱⁱ While we are widely recognized for our Thematic Growth, Income, Commodity, and International Access ETFs, we also offer Core, Risk Management, Digital Asset, and other solutions to suit a range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $540 billion in assets under management worldwide.ⁱⁱⁱ Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80bn in assets under management.^iv

Important Information:

Investing involves risk, including the possible loss of principal. Concentrated investments in a particular sector tend to be more volatile than the overall market. International investments may involve risk of capital loss from unfavourable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. SHLD is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Carefully consider the funds' investment objectives, risks, and charges and expenses before investing. This and other information can be found in the funds' full or summary prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.

This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalized research or investment advice and should not be used for trading purposes.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Financial Group.

Media Contact:
Ariel Kouvaras, Sloane PR
212-446-1884
[email protected]

ⁱ Forecasts made by Global X, assuming a consistent 4.2% Compound Annual Growth Rate (CAGR) through 2030 and data from Stockholm International Peace Research Institute (2023, April). Trends in World Military Expenditure 2022.
ⁱⁱ Source: Global X, as of 8/27/23
ⁱⁱⁱ Mirae Asset, as of 3/31/23
^iv Mirae Asset, as of July 2023

SOURCE Global X Management Company LLC