MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, January 22, 2013 Global X's Chief Sees Two Bright Spots For most asset managers, the economy promises to be frustratingly slow this year. However, Global X Funds sees two investment bright spots. One is income generation. And the other big one is domestic energy. The firm recently filed with the SEC to launch the Global X Junior MLP ETF to tap into the latter. "Domestic energy is one of the few sectors that is really generating incredible growth," Global X co-founder and chief executive Bruno del Ama told MFWire. "We are seeing massive domestic growth in the production of oil and natural gas." At least 80 percent of the Fund’s net assets will be invested in securities that have economic characteristics of the small-capitalization segment of the Master Limited Partnership ("MLP") asset class and will follow the Solactive Junior MLP Index, which covers MLPs with caps was between $200 million and $2.5 billion. Del Ama says that his firm will continue to mine domestic energy for more investment ideas over the coming year. It will also look to develop more income generating products as well as the firm expects a boom in demand for such products from retirees. In the meantime, his company plans to bolster its sales force over the coming months. "We’re looking to expand our regional coverage to be physically closer to our customers," del Ama said. "We will be looking to hire a number of people in different regions across the U.S." Printed from: MFWire.com/story.asp?s=42774 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |