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November 19, 2010 at 08:22 AM
Investors who want exposure to alternative investments would benefit from considering an exchange-traded fund. If the increase in assets under management seen at Global X Funds is any indication, they wouldn't be alone in that interest.
The New York-based ETF provider announced Friday that as of Nov. 5 it has over $1 billion in assets under management, up from $88 million at the beginning of 2010. The firm has increased the number of ETFs it offers from seven to 17.
Global X's largest fund, the Silver Miners ETF (SIL), has $251 million in assets. The FTSE Colombia 20 ETF (GXG) has $198 million in assets, and the third largest fund, the China Consumer ETF (CHIQ), manages $192 million.
Global X also offers fund suites that invest in China, Latin America, and global commodities.
