Global X has launched the Permanent ETF which will offer one stop exposure to a number of core asset classes, reports Seeking Alpha. This new ETF will be linked to the Solactive Permanent Index.

The portfolio of this new offering will be made up of various asset classes, according to the firm

PERM's expense ratio is pegged at 48 basis points.

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GLOBAL X FUNDS LAUNCHES PERMANENT ETF (PERM)

Global X Funds, the New York based provider of exchange traded funds, today launched the Global X Permanent ETF (NYSE Arca: PERM), a diversified ETF investing across various asset classes and designed to perform in different economic environments: increasing growth, decreasing growth rate, increasing inflation, decreasing inflation.

Given current economic uncertainty and volatility in the marketplace, investors may stand to benefit from a product that is market agnostic. PERM is an all seasons portfolio tracking the performance of four asset class categories designed to perform differently across various economic climates. The fund has target allocations of 25% to equity stocks, 25% to short term bonds, 20% to gold and 5% to silver, and 25% to long term bonds. PERM does not try to beat an index but rather maintains target allocations through passive indexing.

“The Global X Permanent ETF is designed to preserve and increase purchasing power over the long term,” said Bruno del Ama, chief executive officer of Global X Funds. “PERM provides access to this diversification in a single, cost-effective ETF.”

The Global X Permanent ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Permanent Index.

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 $1.4 billion in managed assets and over 100,000 investors from more than 100 countries as of February 6, 2012, Global X Funds currently offers exchange-traded funds that target Commodity Producers, Europe, Emerging Markets, Income Producers and Special Opportunities fund suites. For more information, please visit www.globalxfunds.com  

Edited by: HFD


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