Global X Funds recently exceeded $1.56 billion in assets with 23 ETFs in global commodities and markets. Their latest funds include the Global X Oil Equities ETF (NYSEArca: XOIL) and Global X Pure Gold Miners ETF (NYSEArca: GGGG). [Comparing the International Oil ETF Plays.]
XOIL is based on an equal weighted index of global companies that have shown a high correlation to the spot price of oil. This fund focuses on spot prices and equities, not futures contracts.
GGGG tracks the largest gold mining companies on a global level. Companies that derive most of their revenue from gold mining and extracting are represented in the Solactive Global Pure Gold Miners Index. Unlike other miners, this fund does not represent any exploration companies. [Alternative Ways To Play Gold With ETFs.]
Tisha Guerrero contributed to this article.