Global X Funds' total assets under management passed $1bn on November 5, it was announced yesterday.
The latest figure means the ETF provider has seen its AUM grow over 1000% this year from $88m in January. It has also expanded its product range from seven NYSE-listed ETFs to 17, including recent launches in uranium, Norwegian equity and gold exploration.
Global X CEO Bruno del Ama says that the growth is a result of innovative products that respond to investor needs and illuminate new ways to view the global landscape.
The company - rated as one of the fastest growing ETF providers in the world by BlackRock's ETF Industry Landscape - claims the FTSE Norway 30 ETF and Gold Explorers ETF were both the first funds of their kind. Global X also offers China, Brazil and Cleantech Resources fund suites.
The largest Global X fund is the Silver Miners ETF with assets of $245.7m, which makes up roughly a quarter of total AUM.
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