Latest news with #GlobalX
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Malaysian Reserve
7 hours ago
- Business
- Malaysian Reserve
Global X Launches PureCap[SM] Product Suite to Provide Uncapped Sector ETF Exposure
The new suite of ETFs seeks to deliver true market capitalization exposure across five key sectors, addressing rising market concentration trends NEW YORK, July 23, 2025 /PRNewswire/ — Global X Management Company LLC ('Global X'), the New York-based provider of exchange-traded funds (ETFs), today announced the launch of its PureCapSM Suite, a new collection of five sector ETFs providing uncapped, pure market capitalization weighted exposure across the consumer discretionary, communication services, information technology, consumer staples and energy sectors. The launch reflects heightened investor demand for refined sector allocation solutions, driven by growing concentration within five sectors which can impact funds due to regulatory weighting limits. The PureCapSM ETFs apply implementation techniques, including representative sampling, attempting to mimic the index exposure without reducing exposure to leading companies within each sector. This approach may help investors capture the full potential of sectors where uncapped indexes may provide differentiated performance versus capped indexes. 'Investors often think they're getting true sector exposure, but traditional funds limit exposure to the largest companies causing investors' performance to potentially diverge from the true performance of the sector,' said Scott Helfstein, Head of Investment Strategy at Global X. Scott continued, 'these products provide investors a different way to gain sector exposure, aligning their portfolios with how markets have evolved and potentially capturing the upside of the largest stocks in the sector.' The funds seek to capture sector leadership by aligning with the true weight of each sector's largest constituents while benefiting from the potential tax efficiency, liquidity and systematic rebalancing of an ETF. Fund Details Fund Name and Ticker Tracking Index ExpenseRatio Exchange CUSIP / ISIN Global X PureCapSM MSCIConsumer Discretionary ETF(GXPD) MSCI USAConsumerDiscretionaryIndex 0.25 % NYSE Arca 37960A313 / US37960A3133 Global X PureCapSM MSCICommunication Services ETF(GXPC) MSCI USACommunicationServices Index 0.25 % NYSE Arca 37960A297 / US37960A2978 Global X PureCapSM MSCIInformation Technology ETF (GXPT) MSCI USAInformationTechnology Index 0.25 % NYSE Arca 37960A289 / US37960A2895 Global X PureCapSM MSCIConsumer Staples ETF (GXPS) MSCI USAConsumer StaplesIndex 0.25 % NYSE Arca 37960A271 / US37960A2713 Global X PureCapSM MSCI EnergyETF (GXPE) MSCI USA EnergyIndex 0.25 % NYSE Arca 37960A263 / US37960A2630 About Global X Global X was founded in 2008. For more than fifteen years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and over $60 billion in assets under management.[i] While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Risk Management funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $600 billion in assets under management worldwide.[ii] Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam. Important Information This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalized investment advice and should not be used for trading purposes. Please consult a financial advisor professional for more information regarding your investment situation. Investing involves risk, including the possible loss of principal. Investments concentrated in a particular sector tend to be more volatile than the overall market. The PureCapSM ETFs are non-diversified. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Carefully consider the funds' investment objectives, risks, and charges and expenses before investing. This and other information can be found in the funds' full or summary prospectuses, which may be obtained at Please read the prospectus carefully before investing Global X Management Company LLC serves as an advisor to the Global X Funds. The Fund is distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI. Media Contact: Ariel Kouvaras, Sloane PR212-446-1884akouvaras@ [i] Source: Global X ETFs, as of July 8, 2025[ii] Source: Mirae Asset, as of December 31, 2024
Perth Now
13 hours ago
- Business
- Perth Now
ASX jumps as Trump talks trade deals
Australia's sharemarket jumped in line with the Asian markets, after US President Donald Trump announced a 'massive deal' with Japan. The benchmark ASX 200 gained 60 points or 0.69 per cent to finish trading on Wednesday at 8,737.20, while the broader All Ordinaries climbed 59.90 points or 0.67 per cent to close at 9,001.49. Australia's dollar rose 0.13 per cent and at the time of writing was buying 65.62 US cents. In an agreement between the US and Japan, the US will impose a 15 per cent levy on Japanese imports, down from 25 per cent. Japan in return will invest $US550bn into the United States. Asian markets jumped on the US-Japan trade deal. NewsWire / Max Mason-Hubers Credit: News Corp Australia Stocks on Japan's Nikkei index rallied and the yen leapt on the news the country was able to sort a trade deal with Mr Trump, including on the critical car manufacturing sector. Last year, cars shipped to the US were around 28 per cent of Japan's 21.3 trillion yen of total exports to the world's largest economy. Global X senior investment strategist Billy Leung said Japanese equities hit a record high on Wednesday on the back of the announcement. 'This isn't just about a one-day rally. Japan is the world's largest robot manufacturing country and its role in global tech supply chains especially in high-precision manufacturing and automation makes it a key beneficiary of both tariff clarity and the broader reconfiguration of US-aligned production,' he said Australia's sharemarket followed with 10 of the 11 sectors gaining, led by the miners, banks and energy sector. The big three iron ore miners all finished in the green, with BHP up 0.9 per cent to $41.85, Rio Tinto gaining 1 per cent to $119.47 and Fortescue gaining 2.3 per cent to $18.21. Woodside Energy shares were up 1.45 per cent to $25.21, Yancoal Australia jumped 2.81 per cent to $6.58 and Whitehaven Coal soared 6.53 per cent to $7.18. On an overall strong day for the financial sector, three of the four major banks gained during Wednesday's trading. Ten of the 11 sectors on the ASX finished in the green. NewsWire / Jeremy Piper Credit: News Corp Australia Commonwealth Bank shares finished 0.51 per cent higher trading at $173.30, Westpac shares gained 1.41 per cent to $33.11 and ANZ soared 2.52 per cent to $30.57. NAB slipped 0.05 per cent to $37.20. In company news, shares in Telix Pharmaceuticals plunged 15.13 per cent to $21.32 after it told the market it had received a subpoena from the US Securities and Exchange Commission for various documents primarily related to the company's disclosure regarding its prostate cancer therapy. Shares in Australia's top fuel retailer Ampol Limited rallied 3.27 per cent to $27.77 despite telling the market it forecasts weaker half yearly earnings on the back of sea-freight conditions impacting its supply chains. Iluka Resources jumped 4.05 per cent to $5.39 after the global critical minerals business after telling the market it achieved its full-year production guidance for Zircon by June 30.
Globe and Mail
a day ago
- Business
- Globe and Mail
Contra Guys: It can be advantageous to cast a wide – and global
How much of your portfolio is invested overseas? This is an important question, especially in a year such as this one, when many European stock indexes are beating North American benchmarks, including the S&P/TSX Composite Index. Though many Canadians are overweight in Canadian stocks, we remain true to our contrary roots and try to avoid home-country bias. Investing in our home market can have certain tax advantages, and avoids foreign exchange rate volatility, but it can also reduce diversification, increase risk and impact returns. Ultimately, it is a big world out there, and it can be advantageous to cast a wide net. This is why we make a habit of investing in exchange-traded funds and equities that do business around the globe. One such ETF is the Global X MSCI Greece ETF GREK-A, which tracks the performance of the MSCI All Greece Select 25/50 Index. Here at Contra the Heard Investment Newsletter, we took a stake in GREK in October, 2015. Back then, the Greek financial crisis was rumbling into its seventh year and few investors wanted to touch the country. The government had just negotiated its third bailout package, introduced capital controls and then-Prime Minister Alexis Tsipras had won a surprise re-election. These actions tempered the surging value of credit default swaps and yields on government debt, but the nation remained on the cusp of default. Gross domestic product had fallen from US$352.1-billion in 2008 to US$194.6-billion in 2015, the unemployment rate was around 25 per cent and the banking sector was on life support, as roughly 47 per cent of all loans were non-performing. To illustrate just how bad the Hellenic banking crisis was, during the peak of the 2008-09 U.S. financial crisis, America's non-performing loans were only 7.5 per cent. Amid these economic depression-like conditions, the Greek stock market sank to one of the cheapest in the world and we took a stake. Not only was it inexpensive, but we figured the Troika (a decision-making group composed of the European Commission, European Central Bank and International Monetary Fund) would not let Greece fail. The Troika had already bailed out the country three times and, within the context of the European Union, Greece was too big to fail. Once the ETF was in our portfolio, we practised patience. While corporate turnarounds take time, national ones can take even longer. In 2023, I wrote about the Greek ETF for The Globe and Mail. At the time, I argued the ETF was still cheap and the country was performing well thanks to a series of reforms that had cut the national debt, streamlined regulations, reduced tax avoidance, digitized government processes and put the banks back on their feet. Earlier: Greece's stock market is on a tear - and this ETF tracking it is poised for even more gains Fast forward to the present day and the turnaround has turned into a growth story. Greece regained an investment-grade credit rating in late 2023, the country's debt-to-GDP ratio has fallen from more than 200 per cent to 153.6 per cent and it produced a budgetary surplus of 1.3 per cent of GDP in 2024. By contrast, the euro zone average was a deficit of 3.1 per cent. The Greek government surplus is even more impressive given that most European countries have been spending just over 2 per cent of GDP on defence while Greece spent approximately 3.1 per cent last year. This should serve Greece well as the North Atlantic Treaty Organization alliance moves toward a new 5-per-cent target. Aside from government finances, the rest of Greece's economy is doing well too. The unemployment rate has fallen to under 8 per cent, the household-debt-to-GDP ratio has fallen from nearly 67 per cent to 39 per cent since the financial crisis and the financial sector's non-performing loan balance now stands at under 4 per cent. The banks have done so well that they now account for more than half of the GREK ETF versus around a quarter a decade ago. Despite all the success, Greece is not without risk. The debt-to-GDP ratio is still high, the nation continues to score poorly on the Corruption Perception Index despite recent advances and it has continuing problems with its neighbours in Turkey. The legal system is also a congested and inefficient mess. According to the EU Justice Scoreboard, it takes Greek courts over 600 days to conclude civil and commercial cases. By contrast, Denmark takes less than 20 days and most European countries take around 100 days. This means it can take years for a trial to reach a conclusion – assuming there is no appeal. These timelines slow down business, drive away foreign investment and leave parties impacted by court cases in a state of limbo. At its core, Greece faces poor demographics as well. The nation's fertility rate is roughly 1.3 births per woman, it suffered years of net emigration during the financial crisis and the median age, currently in the mid-40s, is climbing fast. This means that Greece's population, which peaked over a decade ago, is expected to fall in the decades ahead. Moreover, Greek society will get materially older; this will leave fewer working-age people to support retirees, health care infrastructure and pensions. All in all, however, Greece has more going for it than against it, and the turnaround over the past decade has been a resounding success. The outlook is positive and the GREK ETF could rally much further. We recently trimmed our position in GREK for a 109.2-per-cent gain. Locking in this profit recouped our initial investment but leaves plenty of skin in the game to benefit from future price appreciation. Today, GREK sports a yield of over 4 per cent and blends strong momentum with low stock valuations. These are excellent characteristics, especially when coupled with the underlying economic conditions. Our plan is to let the ETF run, look for valuations to increase further and sell the rest of our stake in slices. Once it is sold entirely, we will continue to avoid home-country bias, deploy the winnings in a new overseas investment and, with any luck, repeat the success. Philip MacKellar is the general manager at Contra the Heard Investment Newsletter.
Yahoo
2 days ago
- Business
- Yahoo
Credit Markets to Fuel AI Infrastructure Boom
Generative AI's appetite for compute power is driving a data center boom. Morgan Stanley reckons this could add about 0.4% to U.S. real GDP in 2025 and 2026. AI models need massive clusters of servers. That translates into roughly 2.9 trillion dollars of global data center spending by 2028about $1.6 trillion on chips and hardware and 1.3 trillion on buildings, power and upkeep. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Hyperscalers can self?fund around $1.4 trillion of that capex, but a $1.5 trillion dollar gap remains. Morgan Stanley expects private credit, corporate bonds and securitized debt to step in and fill most of that shortfall. Cash flows alone won't cover the AI?driven buildout. Credit markets are set to become a key engine for funding the next wave of tech infrastructure. For investors keen on this theme, tech and AI?focused ETFs such as VGT (Vanguard Information Technology ETF), IYW, AIQ (Global X Artificial Intelligence & Technology ETF) and BOTZ offer streamlined ways to gain exposure. This article first appeared on GuruFocus.
Daily Mail
5 days ago
- Politics
- Daily Mail
Trump admin loses track of 'dozens' of illegal migrants on El Salvador deportation flight
Hacked data from an airline carrying out President Donald Trump 's deportations allegedly shows that 'dozens' of migrants did not appear on manifests published by the U.S. government. The hacked material, first obtained by 404 Media, reportedly shows that on three deportation flights from Texas to El Salvador there are scores of individuals who do not appear on the official lists of deportees provided by the Department of Homeland Security (DHS). The deportees were sent to El Salvador's notorious CECOT mega-prison, the largest detention facility in the world where the U.S. is sending recently deported individuals. The flights were operated by GlobalX, the same airline that hackers breached to discover the files on the migrant flights. CBS News unveiled earlier this year a list of those included on the three March 15 deportation flights operated by GlobalX, amounting to 238 men in total. However, the data obtained through the hack reportedly shows additional names on the flight manifest that were not included on the list provided to CBS. This disclosure has set off alarms for liberals who have long railed against Trump's deportations for being opaque and ignoring due process. 'We have this list of people that the U.S. government has not formally acknowledged in any real way and we pretty much have no idea if they are in CECOT or someplace else, or whether they received due process,' Michelle Brané, a former DHS official under Joe Biden, told 404 Media. 'I think this further demonstrates the callousness and lack of due process involved and is further evidence that the US government is disappearing people,' she continued. 'These people were detained and no one knows where they are, and we don't know the circumstances […] For almost all of these people, there's no records whatsoever. No court records, nothing.' The White House referred the Daily Mail to DHS when reached for comment. 'ICE does not 'disappear' people,' DHS Assistant Secretary Tricia McLauchlin told the Daily Mal in a statement. 'This is a ridiculous lie that the media is peddling to demonize ICE law enforcement who are facing an 830% increase in assaults against them.' 'Claims that transfers of detainees are being 'weaponized' are categorically false. Once an alien is transferred to ICE custody, the agency makes a custody determination based on bed space and ensures their presence for immigration proceedings or removal from the United States,' she added. Despite CBS News reporting that only 238 men were aboard the deportation flights, the hackers uncovered a manifest from GlobalX indicating that at least 281 people were deported on the three flights. According to 404 Media, there were over 40 men and women whose presence on the flights were never acknowledged by the U.S. government. '[The government is] not disclosing it and they've presumably been sent to a prison or sent somewhere by the U.S. government on a plane and have never been heard from since,' Brané said. 'We have not heard from these people's families, so I think perhaps even they don't know.' The former Biden DHS official shared that it is unclear whether the people on the hacked manifest were actually on the flight, adding questions remain about why these individuals were on the manifests in the first place. The whereabouts and condition of the dozens of individuals on the hacked manifests remain unknown, the report states. One of those named in the hacked manifests was arrested in Texas in December for drug possession charges, the outlet claims. They were listed in arrest records as an 'illegal alien.'
