Global X ETFs Introduces the Global X Russell 2000 ETF (RSSL)

News provided by

Jun 05, 2024, 09:30 ET

NEW YORK, June 5, 2024 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch the Global X Russell 2000 ETF (RSSL). The fund is designed to provide investors with exposure to the small-cap equity market within the United States through access to securities in the Russell 2000 Index.

Pursuing expansion from the early stages of their respective life cycles, investors may seek exposure to a range of small-cap companies such as those within the Russell 2000 Index. The Global X Russell 2000 ETF (RSSL) provides investors such exposure with a weighted cap contingency. The fund seeks to track, before fees and expenses, the Russell 2000 RIC Capped Index, which maintains quarterly caps on individual constituents so that no particular stock can make up more than 20% of the index each quarter. Further, the sum of the weights of all constituents that represent more than 4.5% of the index cannot exceed 48% of the total index's weight at each rebalance.

"Small-cap investments can help investors gain exposure to new and innovative growth opportunities and diversify their core equity allocations," said Rohan Reddy, Director of Research at Global X ETFs. "We are thrilled to introduce RSSL, which provides that small-cap core exposure with a capping methodology intended to maintain diversification."

The Global X Russell 2000 ETF (RSSL) seeks to track, before fees and expenses, the Russell 2000 RIC Capped Index. The fund has a total expense ratio of 0.08%.

About Global X ETFs:

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and over $48 billion in U.S. assets under management.ⁱ While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer both Core and Commodity funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

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 with over $120bn in assets under management.ⁱⁱⁱ

Important Information:

Investing involves risk, including the possible loss of principal. Diversification does not ensure a profit or guarantee against a loss. Investments in smaller companies typically exhibit higher volatility.

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 full or summary prospectuses, which may be obtained 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., which is not affiliated with Global X Management Company LLC or Mirae Asset Financial Group.

CONTACT: Naomi Sussis, [email protected]

ⁱ Source: Global X ETFs, as of June 4, 2024
ⁱⁱ Source: Mirae Asset, as of June 4, 2024
ⁱⁱⁱ Source: Mirae Asset, as of June 4, 2024

SOURCE Global X Management Company LLC