Global X Joins Auto ETF Race

By: ETFdb
Global X, the New York City-based ETF issuer known for its various country and sector-specific products, continues to be active on the product development front; the firm recently filed details with the SEC for two new niche ETFs. The filing was light on details such as tickers or expenses, but did shed some light on two ideas unlike any ETF currently on the market: Global X Global Auto ETF This proposed product would seek to track the S-Network Global Automotive Index, a rules based benchmark indented to give investors a way to track the overall performance of a global universe of listed companies engaged in the automobile industry. The index uses a modified capitalization weighted, float adjusted methodology and consists of publicly traded companies engaged in the production of autos, auto parts, tires and related activities that have a market capitalization of at least $3 billion. The benchmark includes all [...] Click here to read the original article on ETFdb.com. Related Posts: IndexIQ Launches Global Agribusiness Small Cap ETF (CROP) Creative ETF Ideas To Hedge Against Global Unrest Three ETFs George Soros Might Like Agribusiness ETF Soars On BHP’s Potash Play Russian Wheat Crisis: Great News For Agribusiness ETFs?
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