Global X ETFs

Last updated
Global X ETFs
Company type Subsidiary
Industry Investment management
Founded2008;16 years ago (2008), in New York, NY, U.S.
Headquarters New York, NY, U.S.
Products Exchange-traded funds (ETFs)
AUM ~$51 billion (July 2023)
Parent Mirae Asset Financial Group
Website www.globalxetfs.com

Global X ETFs is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. Founded in 2008, it has approximately $40 billion in managed assets, across more than 80 different products. The ETF issuer and manager is widely known for its Thematic Growth, Income and International product suites, in addition to its Core, Commodities and Alpha strategies. In July 2018, the company was acquired by Mirae Asset Global Investments.

Contents

History

The company was founded in 2008. [1] After Global X was established in 2008 it brought to market its first ETF in February 2009. The firm focused on previously unexplored ETF strategies in the subsequent years, launching a range of first-to-market single-country ETFs and commodity funds. In 2011, the firm introduced its first global dividend product, a strategy which it has subsequently adapted to U.S. equities, preferreds, REITs, emerging markets, alternatives, and most recently, EAFE equities.

Global X was also an early proponent of thematic investing, launching its first thematic ETF in 2010, targeting companies that offered exposure to the lithium cycle. The firm has since launched a range of additional strategies providing access to emerging themes in areas of technology, people and demographics, and U.S. infrastructure.

Global X was acquired by Mirae Asset Global Investments in July 2018 for $488 million. [2] [3]

Global X launched its Global X Uranium Ucits ETF on the LSE and Deutsche Börse Xetra in 2022. [4] Global X in August 2023 filed to launch an ETF alternating between allocating to Bitcoin futures and the firm's Treasury bill ETF. [5] Global X in November 2023 also launched an ETF option for volatile emerging markets. [6] Global X filed its application to become one of the first companies to offer a Spot Bitcoin ETF in the US on August 23, 2023. [7] In its first year of operation, the Global X Blockchain ETF dropped 76.7 percent, dropping from a peak of $125 of assets. [8]

In November 2023, Global X ETFs replaced its CEO with an interim executive, when Luis Berruga announced he was stepping down after a decade with the company to spend time with family. Thomas Park, co-CEO of Mirae and a board member of Global X, was announced as his replacement while the company searched for a permanent CEO. [1] In late 2023 the company was still owned by Mirae Asset Global Investments, and managed US$39 billion. [1]

Research and insights

In early 2016, the firm began expanding the scope of its published research, which spans the emergence of disruptive technologies, to the impact of geopolitics on developing economies, and the drivers impacting income-oriented investments.

Related Research Articles

Passive management is an investing strategy that tracks a market-weighted index or portfolio. Passive management is most common on the equity market, where index funds track a stock market index, but it is becoming more common in other investment types, including bonds, commodities and hedge funds.

<span class="mw-page-title-main">Fidelity Investments</span> American multinational financial services corporation

Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $5.4 trillion in assets under management, and $14.1 trillion in assets under administration, as of June 2024, Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.

An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock.

<span class="mw-page-title-main">PIMCO</span> US global investment management firm

Pacific Investment Management Company LLC is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities and other financial assets across public and private markets. PIMCO is one of the largest investment managers, actively managing more than $2 trillion in assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world. According to the Sovereign Wealth Fund Institute, PIMCO is the 6th-largest asset manager in the world by managed AUM.

<span class="mw-page-title-main">BlackRock</span> American investment company

BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$11.5 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 70 offices in 30 countries, and clients in 100 countries.

<span class="mw-page-title-main">Mirae Asset Financial Group</span> Financial services group

Mirae Asset Financial Group is a South Korean multinational financial services company headquartered in Seoul, South Korea. Mirae Asset provides comprehensive financial services including asset management, wealth management, investment banking, and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the first mutual funds to Korean retail investors in 1998. On a global consolidated basis, total group’s client assets exceed US$550 billion. Mirae Asset has global presence in Australia, Brazil, Canada, Mainland China, Hong Kong, Colombia, India, Indonesia, Japan, Korea, Mongolia, Singapore, the United Kingdom, United States and Vietnam.

State Street Global Advisors (SSGA) is the investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly US$4.1 trillion in assets under management as of December 31, 2023. SSGA operates through State Street Global Advisors Trust Company, which is a subsidiary of State Street Bank and Trust Company.

An inverse exchange-traded fund is an exchange-traded fund (ETF), traded on a public stock market, which is designed to perform as the inverse of whatever index or benchmark it is designed to track. These funds work by using short selling, trading derivatives such as futures contracts, and other leveraged investment techniques.

<span class="mw-page-title-main">Amundi</span> French asset management firm

Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.

Betashares is an Australian provider of exchange-traded funds (ETFs) which is based in Sydney, Australia with offices in Melbourne, Brisbane and Perth. It is owned and managed by its Australian based management team and has a strategic shareholding from TA Associates, a US Private Equity firm. Up until March 8th, 2021, Betashares was partly owned by Mirae Asset Financial Group.

Trackinsight is a financial technology company headquartered in Biot, France. The company offers global Exchange-traded Fund (ETF) data and selection services for professional investors, advisors, institutions and ETF industry participants.

<span class="mw-page-title-main">CI Financial</span> Largest investment management firm by assets under management in Canada

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

<span class="mw-page-title-main">Park Hyeon-Joo</span> South Korean billionaire (born 1958)

Park Hyeon-joo is a South Korean billionaire business magnate and representative investment strategist. He is the founder of Mirae Asset Financial Group, which consists of asset management, investment banking, stock brokerage, life insurance, venture capital, and other financial services.

Thematic investing is a form of investment that aims to identify macro-level trends and the underlying investments that stand to benefit from the materialisation of those trends. Thematic investing aims to seize opportunities arising from megatrends likely to shape the global economy in the decades ahead.

Global X Investments Canada Inc. is a financial services company that offers exchange-traded funds. On May 1, 2024, the company changed its name from Horizons ETFs to Global X Investments Canada Inc. In April 2017, Global X began offering the first cannabis industry focused exchange-traded fund (ETF), Global X Marijuana Life Sciences Index ETF. The company is also the fourth-largest ETF provider in Canada, with more than CAD$30 billion in assets as of April 2023.

<span class="mw-page-title-main">Cathie Wood</span> American investor and businesswoman

Catherine Duddy Wood is an American investor and founder, chief executive officer (CEO), and chief investment officer (CIO) of Ark Invest, an investment management firm.

<span class="mw-page-title-main">Ark Invest</span> American asset management firm

ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs). It was founded by Cathie Wood in 2014. At the height of February 2021, the company had US$50 billion in assets under management. As of October 2023, assets had dropped to $6.71 billion, after a period of poor performance.

Grayscale Investments, LLC is an American digital currency asset management company and subsidiary of Digital Currency Group founded in 2013 and based in Stamford, Connecticut.

<span class="mw-page-title-main">Miami International Holdings</span> American exchange and clearing house company

Miami International Holdings, Inc. (MIH) is an American company formed in 2007 that operates global financial exchanges and execution services.

VanEck is an American investment management firm headquartered in New York City. The firm is primarily engaged in issuing exchange-traded fund (ETF) products although it also deals with mutual funds and separately managed accounts for institutional investors. It was a pioneer of investing in foreign growth stocks as well as gold investing.

References

  1. 1 2 3 Agnew, Harriet; Schmitt, Will (2023-11-19). "Global X replaces chief executive of $39bn ETF manager". Financial Times. Retrieved 2024-02-09.
  2. ↑ Funds, Global X. "ETF League Table As Of October 18, 2021". etf.com. Retrieved 2021-10-19.
  3. ↑ Funds marketed under the Global X ETFs brand are managed by Global X Funds. Global X Management Company LLC is a separate legal entity that serves as an advisor to the Funds.
  4. ↑ Boyde, Emma (2022-05-06). "Uranium ETF launches follow frenetic fund activity in the sector". Financial Times. Retrieved 2024-02-09.
  5. ↑ Ponte, Brian (2023-08-04). "Global X files for ETF that combines bitcoin futures and T-bills". Financial Times. Retrieved 2024-02-09.
  6. ↑ "Global X launches options ETF for volatile emerging markets" . Retrieved 2024-04-05.
  7. ↑ "Global X Bitcoin Trust Application (Re-filling)". en.coinotag.com. 31 August 2023. Retrieved 4 October 2023.
  8. ↑ Johnson, Steve (2022-10-26). "First US bitcoin ETF loses record amount in its initial year". Financial Times. Retrieved 2024-02-09.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.