Global X ETFs
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 2008 |
| Headquarters | New York , United States |
Area served | Worldwide |
Key people | Thomas Park (interim CEO) |
| Products | Exchange-traded funds (ETFs) |
| Owner | Mirae Asset Global Investments |
| Parent | Mirae Asset Global Investments |
Global X ETFs is a New York-based exchange-traded fund provider that delivers access to worldwide investment opportunities. Established in 2008, the company oversees roughly $40 billion in assets distributed across more than 80 distinct ETFs. Renowned for its offerings in Thematic Growth, Income, and International categories, alongside Core, Commodities, and Alpha strategies, Global X became part of Mirae Asset Global Investments following its acquisition in July 2018.
History
Global X was founded in 2008 and launched its inaugural ETF in February 2009, initially concentrating on pioneering ETF approaches such as first-to-market single-country ETFs and commodity-focused funds. By 2011, it had introduced its initial global dividend ETF and subsequently broadened this approach to include U.S. equities, preferred shares, REITs, emerging markets, alternative investments, and EAFE equities.
As an early innovator in thematic investing, Global X rolled out its first thematic ETF in 2010 targeting companies involved in the lithium supply chain. Since then, the firm has expanded its thematic portfolio to encompass sectors like technology, demographic trends, and U.S. infrastructure development.
After being acquired by Mirae Asset Global Investments in 2018 for $488 million, Global X sustained its trajectory of product innovation. Notably, in 2022 it launched the Global X Uranium UCITS ETF on both the London Stock Exchange and Deutsche Börse Xetra. In 2023, the company filed to introduce an ETF that alternates allocations between Bitcoin futures and U.S. Treasury bills and unveiled an options-based ETF focused on volatile emerging markets. Additionally, in August 2023, Global X submitted a filing to offer one of the earliest U.S.-based Spot Bitcoin ETFs.
The Global X Blockchain ETF experienced a substantial decline during its initial year, with assets falling by 76.7% from a peak of $125 million.
In November 2023, CEO Luis Berruga resigned after ten years with the organization; Thomas Park—co-CEO of Mirae Asset and a member of Global X’s board—was appointed interim CEO while a search for a permanent successor is underway. As of late 2023, Global X remains a subsidiary of Mirae Asset with approximately $39 billion in assets under management.
Research and insights
Beginning in early 2016, the firm expanded its research agenda to include analysis of disruptive technologies, geopolitical influences on emerging markets, and key determinants affecting income-focused investment strategies.