Global X Funds Opens Pakistan To US Investors Through New ETF

NEW YORK, April 23, 2015 /PRNewswire/ -- Global X Funds, the New York based provider of exchange-traded funds (ETFs), today launched the Global X MSCI Pakistan ETF (NYSE Arca: PAK). The fund is the first US-listed ETF to focus exclusively on Pakistan, providing investors with access to the largest companies by market capitalization in the country. Goldman Sachs has designated Pakistan as one of the "Next 11" economies – a group of large, fast-growing markets that are expected to be an important source of global economic growth and opportunity in the future.[1]

In addition to being the sixth most populous country in the world with over 196 million people, almost 60% of Pakistan's population is under the age of 25[2]. Pakistan is geographically positioned to benefit from the growing trade among China, India, Russia, Turkey and the Middle East.  The country's Prime Minister Nawaz Sharif has also shown a commitment to strengthening its economy, lowering inflation and promoting stability since his election in 2013.

"With the launch of the Global X MSCI Pakistan ETF, investors now have access to one of the largest, most liquid frontier market countries," said Jay Jacobs, research analyst at Global X Funds. As investors search globally for investment opportunities, frontier markets like Pakistan are increasingly garnering attention for their historically low correlations to developed markets and growth potential.

ABOUT GLOBAL X FUNDS

Global X is a New York-based sponsor of exchange-traded funds (ETFs), offering access to investment opportunities across global markets. Founded in 2008, Global X is recognized by individual and institutional investors for its suite of income, international, commodity and alternative funds. With over 40 funds available across U.S. and foreign exchanges, Global X is one of the fastest growing issuers of ETFs. For more information, please visit www.globalxfunds.com.

DISCLOSURE

Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Certain economies in the Middle East depend to a significant degree upon exports of primary commodities such as oil. A sustained decrease in commodity prices could have a significant negative impact on all aspects of the economy in the region. Middle Eastern governments have exercised and continue to exercise substantial influence over many aspects of the private sector. As an emerging country, Pakistan's economy is susceptible to economic, political and social instability; unanticipated economic, political or social developments could impact economic growth. Pakistan is also subject to natural disaster risk. In addition, recent political instability and protests in the Middle East have caused significant disruptions to many industries. Continued political and social unrest in these areas may negatively affect the value of your investment in the Fund. Pakistan has recently seen elevated levels of ethnic and religious conflict, in some cases resulting in violence or acts of terrorism. Escalation of these conflicts would have an adverse effect on Pakistan's economy. The fund is non-diversified.

Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' summary or full 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. MSCI Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by MSCI nor does this company make any representations regarding the advisability of investing in the Global X Funds.

[1] Source: Goldman Sachs, "Beyond the BRICs: A Look at the 'Next 11'" April 2007

[2] CIA World Factbook, 2015

SOURCE Global X Funds

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