NEW YORK (Commoidty Online): Global X, the New York-based exchange-traded fund firm has recently put five ETFs into registration focusing on infrastructure companies around the world, including one focused on toll roads and ports and another targeting cement companies, according to Indexuniverse.com
The funds it filed to bring to market are:
-Global X FTSE Toll Roads & Ports ETF
-Global X FTSE Railroads ETF
-Global X Farmland & Timberland ETF
-Global X Cement ETF
-Global X Advanced Materials ETF
The filing reflects the great lengths to which ETF firms are willing to go in offering niche strategies, in part because investors appear to seem receptive. Recently, Global X filed to offer a social media ETF, and early this month, the First Trust Cloud Computing ETF (NasdaqGM: SKYY) came to market. SKYY has already gathered more than $50 million in just over three weeks.
Each of the ETFs will target the largest and most liquid companies in the respective industries they target, and will also include American depositary receipts and global depositary receipts in their investment strategies. They will all use replication indexing strategies.
The roads and ports ETF as well as the railroads ETF both use indexes from FTSE, as the names of the funds suggest. The other three funds use Solactive indexes created by Germany-based Structured Solutions AG. Global X didn’t specify any tickers or proposed expense ratios in the filing, Indexuniverse.com report said.
