Global X Funds Launches First Brazil Consumer ETF (BRAQ)

NEW YORK, July 8 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange traded funds, launched today the Global X Brazil Consumer ETF (ticker: BRAQ). This is the first ETF to offer targeted access to the rapidly growing Brazilian consumer sector.

The Global X Brazil Consumer ETF tracks the Solactive Brazil Consumer Index, which is designed to track the performance of the consumer sector in Brazil. As of June 16, 2010, the largest index components were beverage firm AmBev, food company JBS, and cosmetics firm Natura Cosmeticos.

The Brazilian consumer sector growth rate is expected to outpace the country's overall economic growth rate, according to IBGE and BMI forecasts for private consumption.  Since 2004, the country has seen steady increases in private consumption, real wages, urban migration, and job creation, according to Itau Unibanco.  The 2014 FIFA World Cup and the 2016 Rio de Janeiro Olympic Games are likely to further contribute to consumption growth in Brazil.

"Brazil is the largest Latin American country by GDP, area, and population. Projections for private spending are favorable, thanks to the trends over the past half decade of rising real wages and disposable income, and falling unemployment," says Bruno del Ama, CEO of Global X Funds. "The Global X Brazil Consumer ETF provides efficient access to these trends."

The Brazil Consumer ETF (BRAQ) is part of a family of Brazil ETFs which includes the Global X Brazil Mid Cap ETF (BRAZ) recently launched June 22, 2010.  Other members of the fund family yet to launch include the Brazil Financials, Industrials, Materials, and Utilities ETFs.  

ABOUT GLOBAL X FUNDS

Global X Funds is one of the most innovative and fastest growing ETF providers.  This growth follows the launch of China sector ETFs and global commodity equity ETFs.  Global X Funds will continue to bring innovative tools to investors, as indicated by its recent filings with the SEC, which include Lithium, Uranium, and Aluminum ETFs, among others.

DISCLOSURE

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country and narrowly focused investments may be subject to higher volatility.

Structured Solutions AG Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by Structured Solutions AG, nor does this company make any representations regarding the advisability of investing in the Global X Funds.

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.

Holdings are subject to change; current and future holdings are subject to risk.

SOURCE Global X Funds

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