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Global X Debuts First “Permanent ETF”
February 08, 2012 at 09:30 AM EST
Global X announced today the launch of the Permanent ETF (PERM), a new fund that will offer one stop exposure to a number of core asset classes. The new ETF will be linked to the Solactive Permanent Index, a benchmark that includes three major asset classes: stocks, Treasuries, and precious metals. Each of those broad categories includes multiple layers; the equity component includes both domestic and international stocks, while the Treasuries allocation is split evenly between long-term and short-term securities. The precious metals allocation includes both gold and silver. At each rebalance, the underlying index will allocate 25% to each of stocks, short-term Treasuries, long-term Treasuries, and precious metals. The rough breakdown by asset class for PERM will be as follows: Asset Weight Physical Gold 20% Physical Silver 5% Long-Term Treasuries 25% Short-Term Treasuries 25% Large Cap U.S. Stocks 9% Small Cap U.S. Stocks 3% International Stocks 3% Natural Resources [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Global X announced today the launch of the Permanent ETF (PERM), a new fund that will offer one stop exposure to a number of core asset classes. The new ETF will be linked to the Solactive Permanent Index, a benchmark that includes three major asset classes: stocks, Treasuries, and precious metals. Each of those broad categories includes multiple layers; the equity component includes both domestic and international stocks, while the Treasuries allocation is split evenly between long-term and short-term securities. The precious metals allocation includes both gold and silver. At each rebalance, the underlying index will allocate 25% to each of stocks, short-term Treasuries, long-term Treasuries, and precious metals. The rough breakdown by asset class for PERM will be as follows: Asset Weight Physical Gold 20% Physical Silver 5% Long-Term Treasuries 25% Short-Term Treasuries 25% Large Cap U.S. Stocks 9% Small Cap U.S. Stocks 3% International Stocks 3% Natural Resources [...]
