Global X Launches NYSE® 100 ETF Tracking Top Technology and Tech-Enabled Growth Companies
Fund tracks newly created NYSE® 100 Index; includes companies listed across major
NYSX tracks the newly created NYSE® 100 Index, a rules-based, modified float-adjusted market capitalization-weighted equity index comprising companies from major
Global X is the exclusive licensee of the NYSE® 100 Index. The firm is a member of Mirae Asset Financial Group ("Mirae Asset"), a global leader in financial services, with
"This launch marks a significant milestone in Global X's evolution as an ETF innovator," said
About the Global X NYSE® 100 ETF
The Fund seeks to track the NYSE® 100 Index, which includes companies listed across the New York Stock Exchange, NYSE American, NYSE Arca, Nasdaq, and Cboe BZX exchanges to capture both core technology firms and tech-enabled businesses.
"The way technology gets defined in most indexes hasn't kept pace with how innovation actually works," said
About the NYSE® 100 Index
The NYSE® 100 Index's (NYSE100) dynamic rebalancing, multi-sector approach, and transparent data-based methodology targets technology-related stocks.
"A technology focused ETF with exposure across multiple sectors gives investors a way to participate in a more complete view of the innovation driving the American economy," said
To be considered for inclusion in the index , companies must be within the technology sector or select sub-industries within the consumer discretionary, communication services, consumer discretionary, and financial sectors based on ICE Uniform Classification Schema.
Companies are ranked based on a weighted combination of each one's full market capitalization, three-month average daily traded value, price-to-sales ratio, and one-year net sales growth.
Quarterly reconstitutions are designed to accelerate the inclusion of newly public companies and growing disruptors, thereby incorporating the market's newest innovators.
New Fund Details | ||
Fund Name and | Expense | CUSIP / ISIN |
Global X NYSE® 100 | 0.09 % | 37966B794 / |
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
Important Information
Investing involves risk, including possible loss of principal. NYSX is subject to certain principal risks, including: Depositary Receipts Risk; Equity Securities Risk; Large-Capitalization Companies Risk; Cybersecurity Risk; Risks Related to Investing in the Information Technology Sector and the Semiconductors and Semiconductor Equipment Industry; Risk of Investing in Developed Markets and
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. Indices are unmanaged. One cannot invest directly in an index.
Carefully consider the Fund's investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund's summary or full prospectuses, which are available at globalxetfs.com. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are 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 NYSE, nor does NYSE 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 NYSE.
Media Contact:
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[i] Source: Mirae Asset, as of
[ii] Source: Global X ETFs, as of
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SOURCE Global X Management Company LLC
