Global X ETFs Expands its Thematic Lineup with the Launch of the Global X PropTech ETF (PTEC)

Rhea-AI Summary

On April 13, 2023, Global X ETFs launched the Global X PropTech ETF (PTEC), aimed at capitalizing on technological innovations in the real estate market valued at over $325 trillion. This ETF provides exposure to companies leveraging technology for real estate transactions and management, aligning with the growing digitization trend. The fund, with an expense ratio of 0.50%, aims to track the performance of the Global X PropTech Index. With over $38 billion in assets under management, Global X continues to expand its thematic ETF offerings, emphasizing its strategy to offer investments driven by disruptive technologies.

Positive

• Launch of Global X PropTech ETF (PTEC) targeting a rapidly growing sector.
• PTEC provides exposure to a market valued over $325 trillion, exploiting disruptive technology in real estate.
• Expense ratio set at a competitive 0.50%.

Negative

• None.

NEW YORK, April 13, 2023 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X PropTech ETF (PTEC). This fund, which provides exposure to companies positioned to benefit from innovations in property technology, is Global X's latest addition to its growing suite of thematic-based funds.

The global real estate market comprises over $325 trillion in assets.ⁱ, and the opportunity for disruptive technology in this market is massive. From property management software to internet-of-things-based property monitoring to virtual reality tours, there is no shortage of new tools emerging for sellers and homeowners alike. By providing exposure to the companies that are positioned to benefit from the technology that optimizes the way people buy, sell, rent, design, construct, manage, and research and market residential and commercial properties, PTEC can help enable investors to capitalize on this growth.

"The process of both finding and maintaining a home is becoming increasingly reliant on cutting-edge technologies and real estate digitization," said Pedro Palandrani, Director of Research at Global X ETFs. "With the launch of PTEC, Global X is leveraging its expertise in thematic investing to offer investors exposure to companies investing in the technology that should meet the needs of this vast, addressable market."  

The Global X PropTech ETF (PTEC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X PropTech Index. The fund has an expense ratio of 0.50%.

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 100 ETF strategies and over $38 billion in assets under management.ⁱⁱ  While we are widely recognized for our Thematic Growth, Income, Commodity and International Access ETFs, we also offer Core, Risk Management, Digital Asset, and other solutions to suit a range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $480 billion in assets under management worldwide.ⁱⁱⁱ Mirae Asset has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80 billion in assets under management.^iv

Important Disclosures

Investing involves risk, including the possible loss of principal. PropTech companies are primarily exposed to the risks specific to the technology and real estate markets. Narrowly focused investments will be more susceptible to factors affecting that sector and subject to more volatility. Technology companies 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 regulations. 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. PTEC 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.

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 found at globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Global X PropTech Index is owned and was developed by Global X Management Company LLC for use by 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.

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ⁱ Tostevin, P. (2021, September). The total value of global real estate. Savills Research.
ⁱⁱ Global X ETFs, as of April 11^th, 2023
ⁱⁱⁱ Mirae Asset, as of January 27^th, 2023
^iv Mirae Asset, as of January 27^th, 2023

Contact:
Naomi Sussis
nsussis@globalxetfs.com

 

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SOURCE Global X Management Company LLC

FAQ

What is the Global X PropTech ETF (PTEC)?

The Global X PropTech ETF (PTEC) is an ETF launched by Global X that seeks to capitalize on technology innovations within the real estate sector.

When was the Global X PropTech ETF (PTEC) launched?

The Global X PropTech ETF (PTEC) was launched on April 13, 2023.

What is the expense ratio for the Global X PropTech ETF (PTEC)?

The expense ratio for the Global X PropTech ETF (PTEC) is 0.50%.

What market does the Global X PropTech ETF (PTEC) target?

The Global X PropTech ETF (PTEC) targets the property technology market, which is part of the global real estate market valued at over $325 trillion.

What investment strategy does the Global X PropTech ETF (PTEC) follow?

The Global X PropTech ETF (PTEC) aims to provide investment results that correspond to the price and yield performance of the Global X PropTech Index.