NEW YORK, Dec. 6, 2011 /PRNewswire/ -- Global X Funds,
the New York based provider of
exchange traded funds, today launched two new funds: the Global X
NASDAQ 500 ETF (Ticker: QQQV) and the Global X NASDAQ 400 Mid Cap
ETF (Ticker: QQQM). These are the first products linked to the new
benchmark indexes on The NASDAQ Stock Market® (NASDAQ).
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The Global X NASDAQ 500 ETF (Ticker: QQQV) and the Global X
NASDAQ 400 Mid Cap ETF (Ticker: QQQM) track the NASDAQ 500 Index
and the NASDAQ 400 Index, respectively. The NASDAQ 500 Index
measures the performance of 500 of the largest domestic and
international non-financial securities listed on NASDAQ based on
market capitalization. The NASDAQ 400 Index measures the
performance of the top 400 mid-capitalization domestic and
international non-financial securities listed on NASDAQ. Over the
past 5+ years, companies in both indexes have demonstrated strong
earnings growth and are maturing into profitable companies;
earnings growth has been outpacing revenue growth over this time
period*. Between November 2001 and
November 2011 the financial sector
lost -34.21% of its value, and during the same period technology
stocks gained 37.82% and industrials 16.85%, based on the
longstanding NASDAQ sector indexes, the NASDAQ Computer and NASDAQ
Industrial respectively. From January 1 to
September 30, 2011, the NASDAQ 500 and 400 indexes
outperformed the S&P 500 and 400 indexes by more than 3% with
similar volatility*.
"We are pleased to be pairing with NASDAQ OMX, a recognized
leader in the development of innovative indices, to bring these
products to market," said Bruno del
Ama, CEO of Global X Funds. "Both new funds expand the
coverage beyond the NASDAQ 100 Index®, providing greater
diversification and possibly capturing the next Apple or
Google."
"NASDAQ OMX is delighted to license the use of our indexes as
benchmarks for the Global X Funds," said John Jacobs, Executive Vice President, NASDAQ
OMX Global Index Group. "NASDAQ OMX and Global X Funds share a
common goal to provide investors with the chance to access some of
the world's most innovative companies and these new indexes and
ETFs are the latest examples of that commitment."
ABOUT GLOBAL X FUNDS
Global X Funds is a New
York-based provider of exchange-traded funds that
facilitates access to investment opportunities across the global
markets. With $1.4 billion in managed
assets and over 100,000 investors from more than 100 countries as
of October 28, 2011, Global X Funds
currently offers exchange-traded funds that target Europe, Emerging Markets, Commodity Producers,
Income Producers and Special Opportunities fund suites. For more
information, please visit www.globalxfunds.com
DISCLOSURE
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. Investments in securities
in the Technology sector are subject to rapid changes in technology
product cycles; rapid product obsolescence; government regulation;
and increased competition, both domestically and internationally,
including competition from foreign competitors with lower
production costs. Technology companies and companies that rely
heavily on technology tend to be more volatile than the overall
market, and are also heavily dependent on patent and intellectual
property rights. Small- and mid-capitalization companies often have
greater price volatility, lower trading volume and less liquidity
than larger more established companies.
Carefully consider the Global X Funds' investment objectives,
risk factors, charges and expenses before investing. This and
additional information can be found in the Global X 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 the investment
adviser to the Global X Funds. The Global X Funds are distributed
by SEI Investments Distribution Co., which is not affiliated with
Global X Management Company or any of its affiliates.
NASDAQ® is a registered trademark of The NASDAQ OMX Group, Inc.
(which with its affiliates and subsidiaries is referred to as
"NASDAQ OMX") and is licensed for use by Global X Management
Company, LLC. Neither the Global X NASDAQ 500 ETF nor the
Global X NASDAQ 400 Mid Cap ETF has been passed on by NASDAQ OMX as
to its legality or suitability. The Global X NASDAQ 500 ETF
and the Global X NASDAQ 400 Mid Cap ETF are not issued, endorsed,
sold, or promoted by NASDAQ OMX. NASDAQ OMX makes no
warranties and bears no liability with respect to either the
Global X NASDAQ 500 ETF or the Global X NASDAQ 400 Mid Cap
ETF.
*Source: NASDAQ
Index data source: NASDAQ. Index components
subject to change.
SOURCE Global X Funds