Global X Funds Launches Auto ETF (VROM)

NEW YORK, May 19, 2011 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds, today launched the Global X Auto ETF (Ticker: VROM). VROM offers investors diversified access to the global automobile industry, with a [74%] exposure to auto manufacturers and [26%] to auto parts & equipment, as of May 10, 2011. Its 50 components are also broadly diversified geographically. The largest country exposures include: Germany at [23%] of the fund, the United States [22%], Japan [22%],South Korea [11%], France [6%], China [5%] and India [2%].

Global vehicle sales continue to rebound from the downturn with purchases predicted to reach a record high in 2011 (Scotia Capital, May 2011). Investors in the fund may stand to benefit from this global resurgence, which is dominated by increasing purchasing power in emerging markets (China is now the world's largest auto market) coupled with the US auto industry's comeback (Scotia Capital, 2011).

"VROM provides a relatively efficient way for investors to gain diversified exposure to the global auto and auto part manufacturers industry," said Bruno del Ama, chief executive officer of Global X Funds. The Global X Auto ETF tracks the S-Network Global Automotive Index. VROM has an expense ratio of 0.65%.

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 $1.8 billion in managed assets as of April 29, 2011, it is one of the fastest growing ETF providers in the world. Global X Funds currently offers exchange-traded funds that target Developed Markets, Emerging Markets, Commodity Producers and Special Opportunities fund suites. Global X Funds have been awarded "Most Innovative North American ETF Provider," ETF Express 2011 Awards and "Most Innovative ETF- Americas," 7th Annual Global ETF 2010 AWARDS®. For more information, please visit www.globalxfunds.com

DISCLOSURE Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. The automotive industry can be highly cyclical, and companies in the industry may suffer periodic operating losses. The industry can be significantly affected by labor relations and fluctuating component prices. While most of the major manufacturers are large, financially strong companies, many others are small and can be non-diversified in both product line and customer base. Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.

Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates. The Fund's Index Provider is S-Network Global Indexes, LLC and the index is calculated and maintained by Standard & Poor's Custom Indices ("S&P") on behalf of S-Network. S-Network Global Indexes and have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, sold or promoted by S-Network Global Indexes, LLC nor does the company make any representation regarding the advisability of investing in the Global X Funds. ETF Express Awards were decided by the votes of etfexpress subscribers, who include investors as well as managers and other industry professionals at firms including fund administrators, custodians, advisers and distributors. Global ETF AWARDS® were determined by votes sent out to ETP industry participants across the globe. SOURCE Global X Funds Back to top RELATED LINKS http://www.globalxfunds.com


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