Global X Funds, the New York-based provider of Exchange Traded Funds (ETFs), launched today two ETFs on the NYSE Arca which are based on indices of Structured Solutions. The products offer investors targeted access to the largest and most liquid silver and copper mining companies in the world. The Global X Silver Miners ETF seeks to track the Solactive Global Silver Miners Index. It is the first ETF globally that is focused on silver mining companies and offers indirect exposure to this metal through an ETF. The Global X Copper Miners ETF is designed to replicate the Solactive Global Copper Miners Index which comprises companies active in the copper mining industry.

Both indices have been developed by Structured Solutions AG which also acts as the index calculator. In order to be included, a company must be active in silver or copper mining, respectively, or a closely related activity such as exploration or refining of the respective metal. Additionally, a company needs to meet market capitalization and liquidity requirements to ensure sufficient tradability. At the launch of the indices, the large majority of the companies are based in Canada, with a handful in the US, Mexico, Peru, and Russia. The indices are adjusted semi-annually.

Bruno del Ama, CEO of Global X Funds says: “Our new ETFs provide investors with efficient and focused exposure to silver and copper mining companies respectively. Both metals are essential for the global economy and may see growing demand as the economic recovery continues.”

Sebastian Seifried, Head of Indexing at Structured Solutions AG adds: “Indirect access to commodities via the stock market is an interesting topic for many investors. Thus we have developed these two new mining indices to serve as diversified benchmarks for companies active in silver and copper mining, respectively.”

The indices will be calculated in real-time on each trading day between 09:00am and 10:30pm (CET) and will be published on the website www.structured-solutions.eu as well as through data vendors.