Global X ETF assets pass $1bn

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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...

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