New York, July 14, 2020 (GLOBE NEWSWIRE) -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Education ETF (EDUT). The fund will join the firm’s Thematic Growth family within the People & Demographics suite, which is driven by changing consumer preferences and demographic shifts around the world.
With the rise of remote working and automation, competition for jobs and the skills necessary for differentiation are continuing to grow rapidly. Across the Organisation for Economic Cooperation and Development (OECD) member countries in 2018, 85% of individuals with tertiary educations were employed, compared with 76% of those with secondary educations (high school), and 59% of those with below secondary educations. The relationship between education, job security, and social mobility is clear to billions around the world, who are increasingly prioritizing education from adolescence through retirement. As such, global education revenues are expected to grow from $6t to $10t over the coming decade.
At the same time as demand for education is rising, innovative new technologies and business models within the private sector are seeking to broaden access, improve learning outcomes, and reduce costs. The restrictions placed upon traditional physical schooling by the COVID-19 outbreak have accelerated the adoption of many of these new learning solutions, with upwards of 70% of students reporting the use of remote learning technologies at the height of the pandemic.
“Access to education is a basic human right and an essential component for improving quality of life. Yet for many decades, traditional approaches have failed to innovate, improve learning outcomes, or reach broader audiences,” said Jay Jacobs, head of research at Global X. “At all levels of the education ecosystem, there are massive opportunities for innovative companies to facilitate the pursuit of knowledge. With EDUT, we’re aiming to provide access to companies that are developing these critical tools and making education accessible to virtually anyone, anywhere.”
EDUT aims to offer investors access to the growth and disruption within the education market as it evolves to meet modern demands. It will provide exposure to many areas within the educational system, including companies involved in online learning, early childhood education, higher education, professional education, and enterprise video and chat communication platforms. The fund will track the Indxx Global Education Thematic Index.
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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 70 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.
Disclosures:
Investing involves risk, including the possible loss of principal. The investable universe of companies in which EDUT may invest may be limited. 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. Education companies may be affected by changes in demographics and consumer demands, and government regulations, programs and policies. EDUT may invest in companies that invest in real estate, such as REITs, which exposes investors in the Fund to the risks of owning real estate directly, as well as to risks that relate specifically to the way in which real estate companies are organized and operated. EDUT is non-diversified.
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 Indxx, nor does Indxx 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 Indxx.