NEW YORK, Sept. 13, 2016 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X FinTech Thematic ETF (Nasdaq: FINX), the Global X Robotics & Artificial Intelligence Thematic ETF (Nasdaq: BOTZ), and the Global X Internet of Things Thematic ETF (Nasdaq: SNSR). The three new ETFs join Global X's Thematic suite, which now has fifteen funds and approximately $1 billion in assets under management as of September 6, 2016. Global X's Thematic suite includes funds that have been available to investors since 2010.
The Global X FinTech Thematic ETF seeks to invest in companies on the leading edge of the emerging financial technology industry, which encompasses a range of innovations helping to transform established businesses like insurance, investing, fundraising, and third-party lending through unique mobile and digital solutions. By the end of 2016, it is expected that crowd funding will surpass venture capital as a means of raising money.i Analysts expect that by 2020, mobile payment transactions will reach $1 trillion.ii
The Global X Robotics & Artificial Intelligence Thematic ETF provides exposure to stocks involved in the adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial manufacturing, medicine, autonomous vehicles, and other applications. By 2020, the robotics industry is expected to grow to a total of $83 billion, and the AI market is expected to grow from $420 million in 2014 to over $5 billion by 2020.iii,iv
The Global X Internet of Things Thematic ETF aims to offer exposure to companies that stand to potentially benefit from the broader adoption of the Internet of Things (IoT). This includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial Internet. The ecosystem of devices and objects that are wireless connected is expected to total over 50 billion by 2020, with an estimated economic impact of $3.9-$11.1 trillion by 2025, according to McKinsey.v
"Robotics & AI, FinTech, and the Internet of Things are among the most significant emerging technological trends in the world as they are set to disrupt a broad range of industries and change how we interact with ordinary things like banks, cars, and even refrigerators." said Jay Jacobs, director of research of Global X. "Our aim with launching these funds is to provide investors with tools to efficiently gain exposure to the companies that are well-positioned to grow from these technological revolutions."
Global X's other thematic technology ETFs are the Global X Lithium ETF (LIT) and the Global X Social Media Index ETF (SOCL), launched in 2010 and 2011, respectively. By remaining preeminently focused on creating funds based on academically-backed research, Global X's thematic funds offer intelligent exposure to long-term, growth-oriented investment strategies.
ABOUT GLOBAL X
Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds (ETFs). Founded in 2008, we are distinguished by our smart core, income, alpha, risk management and access suites of ETFs and have more than 50 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions for our clients.
DISCLOSURE
Investing involves risk, including possible loss of principal. The investable universe of companies in which the Funds may invest may be limited. The Funds invest in securities of companies engaged in Information Technology which can be affected by rapid product obsolescence, and intense industry competition. In addition to normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. The funds are non-diversified which represents a heightened risk to investors.
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.
Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange.
i Massolution crowdfunding report 2015.
ii Statista, 2015.
iii Robotics Technology Market by Type and Application, Global Opportunity Analysis and Industry Forecast, 2014 - 2020 Report.
iv Artificial Intelligence (AI) Market by Technology, Application & Geography - Global Forecast to 2020 Report.
v McKinsey Global Institute.
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SOURCE Global X Funds
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