Global X Files To Offer Materials ETFs
April 30, 2010
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.