Global X ETFs Further Expands Thematic Offering with Launch of Emerging Markets Internet & E-commerce ETF (EWEB)

New York, New York, UNITED STATES

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Emerging Markets Internet & E-commerce ETF (EWEB). The fund is a furtherance of Global X’s funds offering targeted access to powerful disruptive trends around the world.

In 2018, 74% of global growth was attributable to emerging market economies, driven in large part by a rapidly growing middle class of internet-connected consumers.1 These rising digital consumers are forming new consumption patterns, driving the growth of emerging market e-commerce platforms. In 2019, for example, Amazon celebrated that over $7 billion worth of goods were sold through its platform on Prime Day, a testament to consumer’s adoption of e-commerce in developed markets.2 But in China, this number was dwarfed by Alibaba’s 2019 estimated sales totaling $38.4 billion recorded on the nation’s Single’s Day.3

“There is a convergence of themes playing out in emerging markets that’s accelerating consumers’ engagement with online platforms,” said Chelsea Rodstrom, Research Analyst at Global X ETFs. “Education, wages, consumption, and internet connectivity are all increasing in tandem with emerging markets’ economic development. In many cases, this new generation of consumers is skipping physical retail experiences in favor of digital ones. Global X has a long history in providing investment solutions for both emerging markets and technology investing. With EWEB, we’re thrilled to leverage our expertise in these two areas to provide our investors access to this exceptional growth story.”

The significant growth exhibited by e-commerce and internet-based companies extends to emerging markets broadly, including countries in Asia, Latin America, Europe, Middle East, and Africa. Over the last decade, emerging markets’ contribution to global consumption substantially surpassed that of developed markets, and is expected to be responsible for 84% of global consumption by 2023.4 EWEB will aim to provide investors with exposure to the internet and e-commerce companies that are poised to capitalize on these trends in emerging market countries, including those involved in online retail, search engines, social media, online entertainment, and software delivered via the internet.

The fund will track the Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index, and will join the Global X Thematic Growth suite of 24 ETFs and more than $7 billion in assets under management.5   

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 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

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Risk Information:

Investing involves risk, including the possible loss of principal. The investable universe of companies in which EWEB may invest may be limited. The companies in which the Fund invests may be subject to rapid changes in technology, intense competition, rapid obsolescence of products and services, loss of intellectual property protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation.

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. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. EWEB 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. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund's shares did not trade in the secondary market until several days after the Fund's inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the Fund’s summary or full prospectuses, which may be obtained at Please read the prospectus carefully before investing. 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 Nasdaq, nor does Nasdaq 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 Nasdaq.

IMF as of Oct 2020. Using purchase power parity adjusted exchange rates, which relativize buying power to compare growth rates.
2 WSJ, “Amazon’s Late Prime Day, Now in October, Set to Fuel Record End to Year,” Sep 2020.
3 Reuters, “Alibaba's Singles' Day sales hit record $38 billion; growth slows,” Nov 2019.
4 IMF as of Oct 2020. Using purchase power parity adjusted exchange rates, which relativize buying power to compare growth rates.
5 Global X ETFs, as of Nov 6, 2020.