Global X Files To Offer Materials ETFs

By
ETF.com Staff
April 30, 2010
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Global X, the New York-based fund company known mostly for its lineup of exchange-traded funds targeting specific industries in emerging market countries, filed with the Securities and Exchange Commission to launch seven global ETFs, mostly focused on commodities.

The planned offerings include three funds focused on metals; another two focused on food and fishing sectors, respectively; and a final pair targeting the shipping and waste management industries.

The funds are: the Global X Aluminum ETF; the Global X Lithium ETF; the Global X Uranium ETF; the Global X Fishing ETF; the Global X Food ETF; the Global X Shipping ETF; and the Global X Waste Management ETF.

Global X didn’t detail the funds’ management fees or their tickers, though it did say they would all trade on the New York Stock Exchange. It said all the ETFs will be based on various global indexes provided by Solactive, and will use replication strategies.

ETF DAILY DATA

Investors plowed money into currency-hedged equity funds like ‘HEDJ’ and ‘DBEF’ on Wednesday, March 4, while yanking assets out of sundry bond funds, such as ‘HYG.’ Total U.S.-listed ETF assets dropped to $2.084 trillion as a market pullback offset net inflows.

Sizable outflows from various iShares bond funds paced that firm’s outflows on Wednesday, March 4. Total U.S.-listed ETF assets ended the day at $2.084 trillion.

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