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Global X Plans 4 International ETFs
January 27, 2011 12:29 pm
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Global X, the New York-based exchange-traded fund firm known for its developing-market and natural resource investment strategies, is planning four international, mostly large-cap ETFs that would add to the company’s recent move into broader-based strategies. Earlier this week, Global X rolled out two broad emerging markets equity ETFs: the Global X Russell Emerging Markets Growth ETF (NYSEArca: EMGX) and Global X Russell Emerging Markets Value ETF (NYSEArca: EMVX), the company’s first broad-based funds. In a filing with the Securities and Exchange Commission today, Global X outlined three regional funds and one Canada-focused fund, all of which will scour their respective universes for the most liquid names to own. The ETF plans are the latest example of what Global X Chief Executive Officer Bruno del Ama described in a recent interview with IndexUniverse.com as the firm’s aim to serve up actionable investment ideas without courting unrealistic competition. Global X raked in more than $1 billion in 2010 and now manages $1.29 billion. The ETFs, their ticker symbols, fees and respective strategies are:
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