Global X Funds Launches SuperIncome Preferred ETF (SPFF)

NEW YORK, July 17, 2012 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X SuperIncome Preferred ETF (NYSE Arca: SPFF). SPFF is designed to track 50 of the highest yielding preferred securities in North America. 

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For investors seeking income, preferred shares are an asset class worth considering due to their unique combination of bond and equity characteristics. Like bonds, preferred shares generally pay stable dividends with more frequent distributions than common shares.  Like equity, preferred shares trade on an exchange and have the potential to appreciate in value, offering additional income growth potential for investors. In addition, preferred shareholders have priority over common shareholders with regard to claims on company earnings and assets – this may provide downside protection if a company is forced to liquidate its assets.  By screening for the highest yielding preferred securities and paying monthly dividends, SPFF allows investors to diversify their income streams and potentially increase the yield of their overall portfolio.  

The Global X SuperIncome Preferred ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Enhanced Yield North American Preferred Stock Index. The Index is comprised of U.S.- and Canada-traded preferred stocks that meet criteria relating to size, liquidity and exchange listings, among others.

"For investors seeking higher investment income, SPFF offers relatively efficient access to preferred stocks that could potentially provide greater yields," said Bruno del Ama, chief executive officer of Global X Funds.

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 $1.2 billion in managed assets and over 100,000 investors from more than 100 countries as of June 15, 2012, Global X Funds currently offers exchange-traded funds that target Commodity Producers, International, Domestic, Alternatives, Industry, Income, and Asset Allocation fund suites. 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. Preferred stock is subject to many of the risks associated with debt securities, including interest rate risk. In addition, preferred stock may not pay a dividend, an issuer may suspend payment of dividends on preferred stock at any time, and in certain situations an issuer may call or redeem its preferred stock or convert it to common stock. High yielding stocks are often speculative, high risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund's performance.

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.

The S&P Enhanced Yield North American Preferred Stock Index has been licensed by S&P Dow Jones Indices LLC ("SPDJI") for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by SPDJI or its affiliates, nor do these companies make any representations regarding the advisability of investing in the Global X Funds.

SOURCE Global X Funds