NEW YORK, Sept. 14 /PRNewswire/ -- With 14 exchange traded funds (ETFs) brought to market over the last twenty months, Global X Funds announced today it has reached the $500 million threshold in assets under management. This milestone supports a recent BlackRock report that lists Global X as the fastest growing ETF provider in the US with an increase of 318% year-to-date.
The largest fund in the family is the China Consumer ETF (CHIQ), which in 9 months has grown to over $100 million in assets. The top performing fund is the Global X/Interbolsa FTSE Colombia 20 ETF (GXG), whose cumulative performance has exceeded 170% since inception in February 2009. It has been named a Wall Street Journal Category King for August 2010 and also topped the IBD ETF list in September 2010.
"Our fast pace of growth speaks directly to the relevance these products have had with investors," said Bruno del Ama, CEO of Global X Funds.
Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.
Performance data quoted represents past performance and is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted. Performance as of 6/30/2010 for the Global X/Interbolsa FTSE Colombia 20 ETF (GXG) is 53.84% at NAV, 47.46% at Market Price (1 year), 82.10% at NAV, 76.90% at Market Price annualized since inception (2/5/2009). Annualized total return assumes reinvestment of dividends and capital gain distributions. Total expense ratio is 0.86%. The portfolio's returns are attributable to investments in a single country. The unusually favorable conditions that may lead to higher returns may not continue to exist and there can be no assurance that performance will be repeated in the future. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 Eastern Time and do not represent the returns you would receive if you traded shares at other times. Current performance may be higher or lower than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com.
Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country and narrowly focused investments may be subject to higher volatility. There are additional risks associated with investing in base and precious metals as well as their respective mining industries.
Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co (SIDCO), which is not affiliated with Global X Management Company, LLC. FTSE Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Structured Solutions AG or FTSE, nor do these companies make any representations regarding the advisability of investing in the Global X Funds.
GXG ranked 1 out of 29 funds in the Latin America category. Rankings are based on total return without regard to sales, deferred sales or redemption charges for the one-year period ending August 31, 2010.
SOURCE Global X Funds