ETFs
Global X ETFs Introduces the Global X Russell 2000 ETF (RSSL)
NEW YORK, June 5, 2024 /PRNewswire/ — Global ETFs, the New York-based exchange-traded fund (ETF) provider, today announced the launch of the Global X Russell 2000 ETF (RSSL). The fund is designed to provide investors with exposure to the small-cap equity market in the United States through access to Russell 2000 Index securities.
Continuing to expand from the early stages of their respective life cycles, investors can seek exposure to a range of small-cap companies such as those in the Russell 2000 Index. The Global X Russell 2000 ETF (RSSL) offers investors such exposure with a weighted capitalization contingency. The fund seeks to track, before fees and expenses, the Russell 2000 RIC Capped Index, which maintains quarterly caps on individual constituents so that no single stock can account for more than 20% of the index each quarter. In addition, the sum of the weightings of all constituents that represent more than 4.5% of the index cannot exceed 48% of the total weighting of the index at each rebalancing.
“Small-cap investments can help investors gain exposure to new and innovative growth opportunities and diversify their core equity allocations,” said Rohan Reddy, director of research at Global X ETFs. “We are excited to introduce RSSL, which provides this core small-cap exposure with a capping methodology intended to maintain diversification.”
The Global X Russell 2000 ETF (RSSL) seeks to track, before fees and expenses, the Russell 2000 RIC Capped Index. The fund has a total expense ratio of 0.08%.
About Global X ETFs:
Global Our product offering includes a broad range of ETF strategies and more than $48 billion in assets under management in the United States. While we stand out for our thematic growth, income and international access ETFs, we We also offer basic and commodity funds to meet a wide range of needs. investment objectives. Discover our ETFs, research and information, and much more at www.globalxetfs.com.
Global United States, Brazil, Canada, Colombia and Europe. , Hong Kong, India, Japan, Korea and Vietnam with more than $120 billion in assets under management. iii
Important information:
Investing involves risks, including possible loss of capital. Diversification does not guarantee a profit or guarantee against a loss. Investments in smaller companies generally have higher volatility.
Carefully consider the fund’s investment objectives, risks, charges and expenses before investing. This and other information can be found in the fund’s full or summary prospectuses, which can be obtained at globalxetfs.com. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company LLC or Mirae Asset Financial Group.
CONTACT: Naomi Sussis, [email protected]
i Source: ETF Global
ii Source: Mirae Asset, as of June 4, 2024
iii Source: Mirae Asset, as of June 4, 2024
SOURCE Global X Management Company LLC