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.
Smart beta isn’t smarter than cap weighting, but it is different, and that’s great for investors.
Trial by fire is one way to discover why ETF transparency matters.
Most people now realize leveraged ETFs can hurt you, but how, then, to use them?
What would a shift out of a mutual fund and into an ETF look like up close?