NEW YORK, March 9, 2011 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds (ETFs), exceeded $1.5 billion in assets under management (AUM) on March 1, 2011. Since the end of 2009, the firm's AUM has grown over 1500%.
Global X Funds manages 23 exchange-traded funds across global commodities and developed and emerging markets fund suites. The largest funds include the Silver Miners ETF (SIL), Uranium ETF (URA), Lithium ETF (LIT), and China Consumer ETF (CHIQ). As of 3/1/11, their net assets were $498 million, $217 million, $186 million, and $162 million, respectively. The most recent product launches in 2011 are:
- Global X Aluminum ETF (ALUM)
- Global X Russell Emerging Markets Growth ETF (EMGX)
- Global X Russell Emerging Markets Value ETF (EMVX)
- Global X FTSE Andean 40 ETF (AND)
- Global X FTSE ASEAN 40 ETF (ASEA)
- Global X FTSE Argentina 20 ETF (ARGT)
The firm is moving into a larger office space at 399 Park Avenue in New York City to accommodate recent hires. Alexandra Levis, Alex Ashby, and Amy Hernandez have joined the marketing, research, and operations teams, respectively.
"We continue to invest in exceptional talent and remain committed to providing investors with innovative products that allow relatively easy and cost effective access to global markets," said Bruno del Ama, chief executive officer of Global X Funds.
Global X Funds is a recent winner of various ETF Express 2011 Awards, which include "Most Innovative North American ETF Provider," "Best Emerging Markets Equity ETF Manager," and "Best Global (ex-US) Equity ETF Manager." In addition, they have been short-listed by Fund Action for the "Sales Success of the Year" award.
ABOUT GLOBAL X FUNDS
Global X Funds is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. With over $1.5 billion in managed assets as of March 1, 2011, it is one of the fastest growing ETF providers in the world with a focus on Global Commodities, Developed and Emerging Markets 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. Narrowly focused investments and 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.
Solactive Indexes have been licensed by Structured Solutions AG for use by Global X Management Company, LLC. FTSE Indexes have been licensed for use by Global X Management Company, LLC. Russell Indexes have been licensed for use by Global X Management, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by Structured Solutions AG, FTSE or Russell nor do these companies make any representations regarding the advisability of investing in the Global X Funds.
ETF Express awards were decided by the votes of etf express subscribers, who include investors as well as managers and other industry professionals at firms including fund administrators, custodians, advisers and distributors.
Fund Action "Sales Success of the Year" is awarded to an individual fund or line of funds that, whether through performance or sales strategy or a combination of both, has registered a dramatic increase in flows.
SOURCE Global X Funds