NEW YORK, July 12, 2016 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X Conscious Companies ETF (KRMA). The ETF tracks a proprietary index created by Concinnity Advisors, which draws on dozens of sources to identify companies that have demonstrated a long term focus on creating positive outcomes for a variety of stakeholders, including employees, customers, communities, suppliers, and stock and debt holders. The fund is the twelfth in Global X's suite of thematic funds, and the second in its "Values" category.
More than $6 trillion have been invested into sustainable & responsible investing themes, according to the US Sustainable Investment Forum. With the goal of providing investors a more comprehensive approach to this theme, KRMA's holdings have undergone a three step screening process, which analyzes their adherence to the academically-backed Multi-stakeholder Operating System (MsOS). The index is a research-driven approach, which positively identifies companies that operate their businesses in a sustainable and responsible manner.
"Investors are increasingly looking at socially responsible investing not only as a values-driven decision, but also as one that can potentially lead to better long term returns," said Alex Ashby, director of product development at Global X. "Companies that demonstrate a commitment to the Multi-stakeholder Operating System tend to treat each of their stakeholders well and take a longer term view of corporate performance. By partnering with Concinnity Advisors, who are experts in assessing the MsOS approach, our goal was to bring to market a product that identifies the companies that are achieving positive outcomes across all stakeholder groups and are setting the standard for taking a responsible and sustainable approach to operating a business."
ABOUT GLOBAL X
Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds (ETFs). Founded in 2008, we are distinguished by our smart core, income, alpha, risk management and access suites of ETFs and have more than 40 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions for our clients.
Investing involves risk, including possible loss of principal. The Fund may underperform other similar funds that do not consider conscious company guidelines when making investment decisions. The Fund is non-diversified which represents a heightened risk to investors.
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.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange.
SOURCE Global X Funds