NEW YORK, Nov. 4, 2010 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds, launched today the Global X Gold Explorers ETF (Ticker: GLDX). This is the world's first ETF offering access to a unique segment of the gold mining life cycle: gold exploration companies.
"Gold exploration companies offer high risk-return characteristics with the potential to strike a gold mine, literally," CEO Bruno del Ama said.
Global X Gold Explorers ETF tracks the Solactive Global Gold Explorers Index, which is designed to track the performance of the largest and most liquid listed companies globally active in the exploration of gold.
"We believe an ETF is a fantastic structure to provide access to this segment of the gold mining industry," said Jose C. Gonzalez, Head of Operations. "This is the venture capital of gold, and GLDX offers the opportunity to capture the fantastic returns of one company striking gold while smoothing over the losses generated by failed projects."
Global X Funds will follow with a Global X Uranium ETF (Ticker: URA) launch tomorrow. For more information, please contact Jaime Doyle at 973-944-8105 or firstname.lastname@example.org.
ABOUT GLOBAL X FUNDS
Global X Funds is an innovative provider of exchange-traded funds that facilitate access to investment opportunities across the global markets. One of the fastest growing ETF providers in the world, it currently offers the largest suite of China and Brazil sector ETFs, and a Global Commodities suite that includes the Silver Miners ETF (Ticker: SIL), Copper Miners ETF (Ticker: COPX), and Lithium ETF (Ticker: LIT). For more information, please visit 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. 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.
Structured Solutions AG 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, nor does this company make any representations regarding the advisability of investing in the 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.
Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.
SOURCE Global X Funds