Global X Funds Launches First Mexico Small-Cap ETF (MEXS)

NEW YORK, May 5, 2011 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds, today launched the Global X Mexico Small-Cap ETF (Ticker: MEXS). The fund is the latest expansion in the ETF issuer's Latin America fund suite and the first ETF globally to focus on Mexico's small-cap companies.

Small-cap stocks generally receive the majority of their revenues from the domestic economy in which they are located.  The Global X Mexico Small-Cap ETF is designed to give investors exposure to Mexico's domestic growth story, with an emerging middle class and positive developments in manufacturing and service industries.

Investors in the fund may stand to benefit from Mexico's growing consumers. According to a Morgan Stanley report, in the fourth quarter of 2010, Mexico's 4.6% economic growth rate was driven almost entirely by domestic demand. These consumers have a per-capita income twice as large as Brazil's, which translates into greater purchasing power and a strong domestic services sector (Reuters, 2011). The country has expected economic growth of about 4% in 2011, combined with inflation of about 3.5%.  This compares well to regional peers, many of which are tightening monetary policy to fend off surging prices (Reuters, 2011).

"MEXS provides an efficient way to play Mexico's domestic growth story. Improvement in Mexico's terms of trade with the US, its largest trading partner, has helped to increase investment in domestic industries," said Bruno del Ama, chief executive officer of Global X Funds.

The Global X Mexico Small-Cap ETF tracks the Solactive Mexico Small-Cap Index, which is designed to measure equity market performance of small-market capitalization companies in Mexico. As of May 3, 2011, the three largest components of the index were Megacable Holdings, GrupoComercialChedraui SA, and Grupo Continental SAB.

ABOUT GLOBAL X FUNDS

Global X Funds is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $1.8 billion in managed assets as of April 29, 2011, it is one of the fastest growing ETF providers in the world. Global X Funds currently offers exchange-traded funds that target Emerging Markets, Developed Markets, and Commodity Producers fund suites. According to Strategic Insight, Global X Management, adviser to the funds, is the fastest growing ETF complex and the second fastest growing overall fund complex over the 12 months ended March 31, 2011. For more information, please visit www.globalxfunds.com

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.  Investments focusing on a single country may be subject to higher volatility. Investments in smaller companies typically exhibit higher volatility.

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.

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.

Index data source: Structured Solutions AG.  Index components subject to change.

Strategic Insight measures the net flow growth rate, which is defined as net flows divided by beginning-period assets, a measure of organic growth, to determine the 25 fastest-growing managers of stock and bond funds during the 12-months ended March 2011. (note: the list excludes the smallest fund managers, generally under $1 billion of managed assets). Source: Strategic Insight, 2011

SOURCE Global X Funds

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