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Global X Funds launches first emerging markets growth and value ETFs

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Global X Funds, the New York based provider of exchange traded funds, has launched two new funds – the Global X Russell Emerging Markets Growth ETF (Ticker: EMGX) and the Global X Russell Emerging Markets Value ETF (Ticker: EMVX). The launch is the latest expansion in the ETF issuer’s emerging market funds and its first partnership with Russell Indexes.

Growth and value investment themes have long been intrinsic to domestic and developed market portfolios. The Global X Russell Emerging Markets Growth ETF and the Global X Russell Emerging Markets Value ETF are the first ETF products that offer a way to play the emerging markets through growth and value styles. These two investment philosophies have historically performed differently throughout market cycles, and the funds are designed to complement each other in a portfolio to capture these differences.
 
Although emerging markets are typically associated with growth style investments, research from Russell Investments indicates that the value index has outperformed the growth index over the past 3 years by 10.02%.* In contrast, the past year has seen the growth index outperform the value index by 4.54%.*
 
“We are pleased to be pairing with Russell Indexes, a recognised leader in the development of style indices, to bring these products to market,” says Bruno del Ama (pictured), CEO of Global X Funds. “Both new funds seek to provide investors with well-diversified portfolios by granting exposure to emerging markets while still following the tenets of classic investment philosophies: growth and value.”
 
The Global X Russell Emerging Markets Growth ETF and the Global X Russell Emerging Markets Value ETF track the Russell Emerging Market MegaCap Growth Index and the Russell Emerging Market MegaCap Value Index, respectively. The Russell Emerging Market MegaCap Growth Index measures the performance of the mega-cap growth segment of the emerging markets equity universe, screened for those companies with higher price-to-book ratios and higher expected growth values. The Russell Emerging Market MegaCap Value Index measures the performance of the mega-cap value segment of the emerging markets equity universe, screened for those companies with lower price-to-book ratios and lower expected growth values.

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