With 14 exchange traded funds (ETFs) brought to market in the last 20 months, Global X Funds on Tuesday reached the $500 million threshold in assets under management.
The milestone supports a recent BlackRock report that lists Global X Funds as the fastest-growing ETF provider in the United States, with an increase of 318% year to date.
The largest fund in the family is the China Consumer ETF (CHIQ), which in nine months has grown to more than $100 million in assets, according to a Global X news release.
The top-performing fund, named a Wall Street Journal “Category King” for August 2010, is the Global X/Interbolsa FTSE Colombia 20 ETF (GXG), whose cumulative performance has exceeded 170% since inception in February 2009.
“Our fast pace of growth speaks directly to the relevance these products have had with investors,” said Bruno del Ama, CEO of Global X Funds, in a statement.