New York, NY, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today launched three new funds: the Global X Video Games & Esports ETF (Nasdaq: HERO); the Global X Cybersecurity ETF (Nasdaq: BUG); and the Global X Thematic Growth ETF (Nasdaq: GXTG). The three new ETFs will join Global X ETF's Thematic Growth Suite, which now has 18 total funds.

Global X Video Games & Esports ETF (HERO)

Global revenues for esports and video games in 2018 were nearly $140 billion according to analyst estimates,1 and viewership of mobile and online gaming is expected to exceed nearly every professional sport by 2021.2 Designed to track the Solactive Video Games & Esports Index, the Global X Video Games & Esports ETF holds a basket of companies that develop or publish video games, facilitate the streaming and distribution of video gaming or esports content, own or operate within competitive esports leagues, or produce hardware used in video games and esports, including augmented and virtual reality.

Global X Cybersecurity ETF (BUG)

Concerns over online security and cybercrime have reached an all-time high, with the cost of damages from these activities expected to cost $6 trillion annually by 2021.3 Designed to track the Indxx Cybersecurity Index, the Global X Cybersecurity ETF holds a basket of companies that could benefit from increased adoption of cybersecurity technology, including companies whose principal business involves developing and managing security protocols to prevent intrusion and attacks on systems, networks, applications, computers, and mobile devices.

Global X Thematic Growth ETF (GXTG)

Aiming to provide investors with a cost-effective and efficient tool to access disruption across multiple themes and segments of the economy, the Global X Thematic Growth ETF tracks the Solactive Thematic Growth Index, which seeks to provide broad exposure to thematic growth strategies using a portfolio of Global X’s thematic growth ETFs. To determine which ETFs will be selected for inclusion, the index provider calculates an aggregate realized sales growth number based on the weighted average revenue growth of all the companies held by each potential underlying ETF, and the ETF with the highest aggregate realized sales growth within its sector assignment is selected for inclusion in the index. As of October 29, 2019, there were a total of seven ETFs in the index.

Each ETF included in the index receives a starting weight of 7.5%. ETFs that have a sales growth number in the top half of the ETFs included in the index receive an additional weight of 7.5%. The individual ETF with the highest sales growth receives an additional weight of 7.5%. The weight of any single ETF is capped at 25% and the remaining weights are distributed evenly among the remaining ETFs included in the index. Holdings will be reevaluated for inclusion in the index annually, and rebalancing will occur semi-annually.

“We are excited to expand our offerings with two new disruptive technology funds and the multi-theme Global X Thematic Growth ETF,” said Pedro Palandrani, research analyst at GlobalX ETFs. “As disruption accelerates across the global economy, investors are looking for targeted and efficient solutions to gain access to these trends. Through our extensive thematic growth suite, we now offer investors access to seventeen individual themes as well as a fund-of-funds thematic solution.”

1 newzoo, “2018-2022 Global Games Market,” 2019.

2 Syracuse University, “With Viewership and Revenue Booming, Esports Set to Compete with Traditional Sports,” Jan 18, 2019.

3 Cybercrime Magazine, “Global Cybersecurity Spending Predicted To Exceed $1 Trillion From 2017-2021,” Jun 10, 2019

ABOUT GLOBAL X ETFs

Global X was founded in 2008 with the mission of listening to and empowering clients to invest wisely in unexplored and intelligent solutions. Our product lineup features more than 60 ETF strategies. While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Global Investments Group, a Seoul-based global enterprise which offers asset management expertise worldwide. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Investing involves risk, including the possible loss of principal. The investable universe of companies in which the funds may invest may be limited. Video Game and Esports Companies are subject to risks associated with additional regulatory oversight with regard to privacy/cybersecurity concerns, shifting consumer preferences, and potential licensing challenges. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. HERO, BUG, and GXTG are non-diversified.

Cybersecurity Companies are subject to risks associated with additional regulatory oversight with regard to privacy/cybersecurity concerns. Declining or fluctuating subscription renewal rates for products/services or the loss or impairment of intellectual property rights could adversely affect profits.

Emerging economic themed companies typically face intense competition and potentially rapid product obsolescence. Thematic companies may have limited product lines, markets, financial resources or personnel. They typically engage in significant amounts of spending on research and development, capital expenditures and mergers and acquisitions, and there is no guarantee that the products or services produced will be successful.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses, which may be obtained by calling 1.888.493.8631, or by visiting globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG. 

Frank Taylor
Global X 
(646) 808-3647
Frank@dlpr.com