Global X plans SuperIncome ETFs on global, preferred, REIT securities

By Toni Weeks

San Diego, Feb. 10 - Global X Funds announced in an N-1A filing with the Securities and Exchange Commission that it is planning to launch three new exchange-traded funds.

The Global X SuperIncome ETF will seek investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperIncome Index, which tracks the performance of high-income securities globally across a variety of asset classes. The index may include equity securities, fixed-income securities and ETFs.

The ETF will invest at least 80% of its total assets in the securities underlying the index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index.

The Global X SuperIncome Preferred ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P High Yield Preferred Stock Index, which tracks the performance of the highest-yielding preferred securities in the United States, as determined by Standard & Poor's. The index's preferred stocks meet criteria relating to size, liquidity, issuer concentration, rating and maturity, among other criteria.

The fund will invest at least 80% of its total assets in the securities of the underlying index.

The Global X SuperIncome REIT ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses of the Solactive Global SuperIncome REIT Index. The index tracks the performance of Real Estate Investment Trusts that rank among the highest-yielding REITS globally, as determined by the index provider, Structured Solutions AG.

The fund will invest at least 80% of its total assets in the securities of the index and in ADRs and GDRs based on the securities in the index.

The portfolio managers for all three funds will be Bruno del Ama and Jose C. Gonzalez.

Management fees and ticker symbols have not yet been determined.

New York-based Global X Management Co. LLC will serve as the investment adviser to the new funds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.