Global X Funds has listed a new exchange-traded fund (ETF), the Global X YieldCo Index ETF (YLCO), on The Nasdaq Stock Market.
"YieldCos are an emerging asset class that meets many of the key investment characteristics investors are looking for, such as high current income, low volatility and the opportunity for dividend growth," says Jay Jacobs, Research Analyst at Global X Funds. "We are excited to bring this asset class to investors who have traditionally looked to MLPs and REITs for alternative income exposure."
YLCO seeks to provide investors with access to YieldCos, an emerging asset class of yield vehicles that are structured to deliver stable and growing dividend income derived from a portfolio of renewable energy assets. YieldCos looks for opportunities to add new operating assets to their portfolios, which can help grow cash flows and distributions to shareholders over time.
"We are pleased to launch YLCO with our partners at Global X and we appreciate their confidence in choosing the Nasdaq marketplace to list and trade ETFs," says Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "Global X will benefit from increased product exposure and access to one of the single largest pools of liquidity."
