30.07.2010 07:14
Global X Management Company launches four new ETFs linked to Solactive Indices
Global X Funds, a New York-based provider of Exchange Traded Funds (ETFs), recently launched new ETFs on the NYSE Arca which offer investors targeted access to companies that are active in the Lithium space as well as to specific segments of the Brazilian stock market.
The Solactive Global Lithium Index tracks the price movements in shares of companies active in Lithium mining, exploration or a closely related activity and/or production of Lithium batteries. The Global X Lithium ETF is the first ETF globally to offer investors indirect access to this metal.
The Global X Brazil Mid Cap ETF seeks to track the Solactive Brazil Mid Cap Index which includes medium-sized companies based in Brazil. The Global X Brazil Consumer ETF and the Global X Brazil Financials ETF are the first ETFs in the United States allowing an investment in specific sectors of the Brazilian economy. They are designed to replicate the performance of the Solactive Brazil Consumer Index and the Solactive Brazil Financials Index, respectively.
All indices have been developed by Structured Solutions AG which also acts as the index calculator. All four indices apply screens for free float market capitalization and trading volume as well and are adjusted semi-annually. With the Global X Lithium ETF, investors can play the investment case surrounding the possible development of hybrid electric cars, where Lithium batteries are used almost exclusively. For the Lithium Index, Structured Solutions AG cooperates with Switzerland based Commodity Capital AG which is responsible for the selection of the relevant companies.
The Solactive Brazil Mid Cap Index for example employs a specific market capitalization based methodology to select companies of the mid cap segment of the Brazilian stock market. In order to be included in one of the new Brazil sector indices a company must be based in Brazil and active in the consumer or financial sector, respectively, or producing the majority of its revenues in the country.
Bruno del Ama, CEO of Global X Funds comments: “The Brazilian economy has developed very rapidly in recent years. Market commentators often attribute this success story to the significant commodity exposure of the Brazilian economy which is also reflected in the fact that the commodity sector is weighted heavily in most investment products covering Brazil. The Global X Brazil Mid Cap ETF is much more diversified in terms of sector allocation.”
Sebastian Seifried, Head of Indexing at Structured Solutions AG adds: “We strive to develop index concepts that offer value to investors and create new investment opportunities. Whereas Brazil is one of the most dynamic emerging markets at this point, Lithium´s important role in many innovative technologies makes it a highly interesting theme in the commodity space. The Global X ETFs allow targeted access to both topics.”
All indices are calculated in real-time on each trading day between 09:00am and 10:30pm (CET) and are published on the website www.solactive.com as well as through data vendors.
The Solactive Global Lithium Index tracks the price movements in shares of companies active in Lithium mining, exploration or a closely related activity and/or production of Lithium batteries. The Global X Lithium ETF is the first ETF globally to offer investors indirect access to this metal.
The Global X Brazil Mid Cap ETF seeks to track the Solactive Brazil Mid Cap Index which includes medium-sized companies based in Brazil. The Global X Brazil Consumer ETF and the Global X Brazil Financials ETF are the first ETFs in the United States allowing an investment in specific sectors of the Brazilian economy. They are designed to replicate the performance of the Solactive Brazil Consumer Index and the Solactive Brazil Financials Index, respectively.
All indices have been developed by Structured Solutions AG which also acts as the index calculator. All four indices apply screens for free float market capitalization and trading volume as well and are adjusted semi-annually. With the Global X Lithium ETF, investors can play the investment case surrounding the possible development of hybrid electric cars, where Lithium batteries are used almost exclusively. For the Lithium Index, Structured Solutions AG cooperates with Switzerland based Commodity Capital AG which is responsible for the selection of the relevant companies.
The Solactive Brazil Mid Cap Index for example employs a specific market capitalization based methodology to select companies of the mid cap segment of the Brazilian stock market. In order to be included in one of the new Brazil sector indices a company must be based in Brazil and active in the consumer or financial sector, respectively, or producing the majority of its revenues in the country.
Bruno del Ama, CEO of Global X Funds comments: “The Brazilian economy has developed very rapidly in recent years. Market commentators often attribute this success story to the significant commodity exposure of the Brazilian economy which is also reflected in the fact that the commodity sector is weighted heavily in most investment products covering Brazil. The Global X Brazil Mid Cap ETF is much more diversified in terms of sector allocation.”
Sebastian Seifried, Head of Indexing at Structured Solutions AG adds: “We strive to develop index concepts that offer value to investors and create new investment opportunities. Whereas Brazil is one of the most dynamic emerging markets at this point, Lithium´s important role in many innovative technologies makes it a highly interesting theme in the commodity space. The Global X ETFs allow targeted access to both topics.”
All indices are calculated in real-time on each trading day between 09:00am and 10:30pm (CET) and are published on the website www.solactive.com as well as through data vendors.