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.
Bill Gross’ departure is a wakeup call for active management fans.
High interest rates in emerging markets are paid, not earned, for currency-hedged ETFs like HEEM and DBEM.
There's something very personal about choosing the right robot to manage your investments.
The PIMCO investigation has turned a spotlight on bond pricing.