NEW YORK, June 13, 2011 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange- traded funds (ETFs), today announces that the Global X SuperDividend™ ETF (Ticker: SDIV) is among the 2011 ETF launches that generated the highest trading volume on the first day of trading. The fund started trading on the NYSE Arca on June 9, 2011 and traded 320,924 shares with a total value of $7,999,710 million. SDIV is the third most traded ETF on the first day of trading out of 161 fund launches thus far for 2011*.
The Global X SuperDividend™ ETF tracks the Solactive Global SuperDividend™ Index, which measures the performance of 100 equally weighted companies that rank among the highest dividend yielding equity securities in the world. The index provider applies certain dividend stability filters. With equal weighting across a diverse group of 100 securities, investors may have less risk exposure in the event that a single company depreciates in price or reduces its dividend.
"Global X Funds received the most innovative North American ETF company prize by both US and European institutions," said Bruno del Ama, chief executive officer of Global X Funds. "The Global X SuperDividend™ ETF may be our most innovative ETF to date and we are pleased to see investors embracing SDIV from day one."
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 $1.7 billion in managed assets as of May 31, 2011, it is one of the fastest growing ETF providers in the world. Global X Funds currently offers exchange-traded funds that target Income, Commodity Producers, Developed Markets, Emerging Markets, and Special Opportunities fund suites. 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. High yielding stocks are often speculative, high risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund's performance.
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.
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.
"Most Innovative North American ETF Provider" and "Most Innovative ETF-Americas" awards were received from the ETF Express 2011 Awards and the 7th Annual Global ETF 2010 Awards respectively. ETF Express awards were decided by the votes of etfexpress subscribers, who include investors as well as managers and other industry professionals at firms including fund administrators, custodians, advisers and distributors. Global ETF Awards were determined by votes sent out to ETP industry participants across the globe.
*Source: Bloomberg, based on 2011 NYSE and NASDAQ ETF launches.
SOURCE Global X Funds