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Global X Plans 4 International ETFs
By Cinthia Murphy | January 27, 2011 12:29 pm

 

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:

  • The Global X FTSE Andean 40 ETF (NYSEArca: AND) will cost 0.72 percent and will track an FTSE free-float-adjusted, modified capitalization-weighted index that hones in on the 40 largest and most liquid companies in Chile, Colombia and Peru. Among its holdings, Southern Copper Corp., Compania de Minas Buenaventura and Ecopetrol topped the list as of Jan. 3. Van Eck Global has a similar ETF in the works as well.

 

  • The Global X FTSE ASEAN 40 ETF (NYSEArca: ASEA) will cost 0.65 percent and track an FTSE benchmark comprising 40 large, liquid names of companies in Singapore, Malaysia, Indonesia, Thailand and the Philippines. DBS Group Holdings, Oversea-Chinese Banking and Singapore Telecom ranked highest among the benchmark’s components earlier this month.

 

  • Global X S&P/TSX Venture Canada ETF (NYSEArca: TSXV) will cost 0.75 percent and track the S&P/TSX Venture 30 Index. It includes the 30 most liquid stocks of Canada’s emerging companies listed on the TSX Venture Exchange, the country’s junior listings market. Rainy River Resources, Canaco Resources and San Gold Corp. were among the names included in January.

 

  • The Global X Next 11 ETF (NYSEArca: NXTE) will cost 0.75 percent and track a Structured Solutions-managed free-float-adjusted, modified capitalization-weighted index comprising depositary receipts of companies that are based in or that generate most of their revenues from Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey or Vietnam.

 

 

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