NEW YORK, April 19, 2016 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X S&P 500® Catholic Values Index ETF (Nasdaq: CATH). Global X listened to the needs of investment professionals to develop a custom investment solution, which tracks an index developed by S&P Dow Jones Indices.
The S&P 500 Catholic Values Index is designed to include the companies within the S&P 500 whose business practices adhere to the Socially Responsible Investment Guidelines as outlined by the United States Conference of Catholic Bishops (US CCB) and exclude those that do not. Given CATH's alignment with the S&P 500, it is intended to be used by investors for their US Large Cap exposure.
"As an independent issuer of ETFs, Global X has the unique ability to help advisors and other investment professionals meet their clients' investment needs," said Jim Glownia, CFA, Regional Director at Global X. "CATH is just one example of how we are able to execute an advisor's investment thesis in a cost and tax-efficient wrapper."
"Interest in indices that address ethical and sustainable issues have expanded from niche segments into mainstream investment strategies," says Alka Banerjee, Managing Director of Product Management at S&P Dow Jones Indices. "The S&P 500 Catholic Values Index draws upon the widely recognized and prominent S&P 500 to provide the market with a transparent index that addresses a unique perspective and serves as the basis for Global X's new ETF."
"People are becoming increasingly interested in investing their assets in a manner that is consistent with their beliefs, thereby contributing to the well-being of the human family," added Rev. Seamus P. Finn, OMI. "This fund could be a welcome option for members of the Catholic faith to consider."
ABOUT GLOBAL X FUNDS
Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds. 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.
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's full or summary 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.
"S&P 500" is a service mark of S&P and has been licensed for use for certain purposes by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by S&P nor does this company make any representations regarding the advisability of investing in the Global X Funds.
The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company, LLC.
The Fund is not authorized or sponsored by the Roman Catholic Church and the United States Conference of Catholic Bishops has not endorsed Global X, its investment management activities and/or the Fund.
Investing involves risk including possible loss of principal. The Funds' consideration of the Guidelines in its investment process may result in choices not to purchase, or sell, otherwise profitable investments in companies that have been identified as being in conflict with the Guidelines. This means that the Fund may underperform other similar funds that do not consider the Guidelines when making investment decisions. The Fund is non-diversified which represents a heightened risk to investors.
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SOURCE Global X Funds
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