Global X Funds is looking to add to its growing stable of globally focused exchange traded funds (ETFs) with the addition of a line of precious metals funds. The timing is especially good, because metal-focused ETFs are popular right now.
So far, precious metals have been about as popular as emerging markets, especially within the ETF category. Daniel Tovrov for Mutual Fund Wire says the new funds filed for include: Global X Copper Miners, Global X Gold Miners, Global X Platinum Miners and the Global X Silver Miners ETFs. [Platinum and Palladium ETFs Are Hot.]
Precious metal ETFs have been luring assets left and right. Two of the most popular funds in recent weeks are the new ETFS Platinum Shares (NYSEArca: PPLT) and ETFS Palladium Shares (NYSEArca: PALL), which together have more than $500 million in assets.
Global X currently has a line of ETFs that focus on sectors China, as well as single-country offerings aimed at the Nordic countries and Colombia. [More on Global X’s China ETFs.]
For more stories about new ETFs, visit our new ETFs category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.