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Friday, July 15, 2022|
A $40B-AUM Firm Adds Two ETFs
The team at a New York City-based, $40-billion-AUM (as of this month) subsidiary of a $628-billion-AUM (as of May) multinational asset manager is rolling out a pair of new active ETFs.
Both new funds are series of the Global X Funds trust and come with expense ratios of 45 basis points. Global X Management Company LLC serves as the investment advisor and administrator to both new funds, and they each have the same PM team. (That team includes Wayne Xie, director of portfolio management, and five other portfolio managers: Kimberly Chan, William Helm, Sandy Lu, Nam To, and Vanessa Yang.)
"While we continue to see headwinds in the market, IRHG and IRVH combine Global X's expertise in options-based strategies with active management to offer alternatives for investors looking to diversify or hedge their portfolios against interest rate and inflationary risks," Reddy states.
The new funds' other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian, securities lending agent, and transfer agent; PricewaterhouseCoopers LLP as independent accounting firm; SEI Investments Distribution Co. as distributor; and Stradley Ronon Stevens & Young, LLP as counsel.
Printed from: MFWire.com/story.asp?s=64636
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