Global X Seeks to Expand Empire with 13 New ETFs
Global X Funds will take on its largest expansion yet, filing with the SEC to create thirteen new ETFs. Six of the new funds will target Chinese sectors, while the other seven are set to tap markets typically unavailable to U.S. investors.
The Chinese funds are as follows: Global X Consumer, Global X China Energy, Global X China Financials, Global X China Industrials, Global X China Materials and Global X China Technology.
The funds will be invested 80% in foreign ADRs and 20% in swaps and options contracts to perform within 95% of their indicated benchmarks, according to a filing with the SEC.
Beyond China, Global X is launching other new international ETFs: Global X Denmark, Global X Emerging Africa, Global X Finland, Global X Norway, Global X Pakistan, Global X Poland and Global X United Arab Emirates. These funds will seek to track stocks in each of their corresponding markets. The new funds follow in the footsteps of the Global X InterBolsa FTSE Columbia (GXG: Quote, Profile, Advanced Chart, News), which has jumped 86.5% since launching in February.

Global X Management has launched a new ETF on NYSE Arca, allowing American traders to invest in Nordic European countries. The Global X FTSE Nordic 30 ETF (GXF) offers exposure to the largest and most liquid stocks in Sweden, Denmark, Finland, and Norway.


