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Global X ETFs celebrates over $1bn in assets in Europe

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Global X ETFs has announced that the firm has surpassed USD1 billion in assets under management (AUM) in Europe. The firm writes that this critical milestone highlights the firm’s rapid expansion in Europe, the world’s second largest ETF market.  

Since launching its first US-based ETF in 2009, Global X has established itself as an expert in thematic investing and alternative income strategies, expanding its product line-up to over 80 ETF strategies worldwide. 

The firm has steadily grown its global footprint beyond the US and launched its European operations in December 2020 with the debut of its first two UCITS ETFs. Global X has since grown its European suite to over three dozen ETPs with USD1 billion in assets gathered, offering unique thematic, income, commodity, and defined-outcome strategies.

“Global X is one of the most trusted and admired ETF brands in the world, and over the past three years we have worked hard to develop the infrastructure to grow effectively in Europe,” says Rob Oliver, Head of Business Development for Global X ETFs in Europe. “Today’s milestone represents another major step forward for Global X—and reaffirms our long-term commitment to delivering for our growing base of European clients as well as investors around the world.”

Over the last two years, under the leadership of Rob Oliver, Global X ETFs Europe has increased the total number of assets under management by 189 per cent, the firm writes. Further, two of its funds—the Global X U.S. Infrastructure Development UCITS ETF (PAVE) and the Global X Uranium UCITS ETF (URNU) have gathered more than USD200 million in assets respectively, with the latter achieving that milestone earlier this year. 

Global X ETFs Europe has also continued to expand its suite of products, with the Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB) reaching nearly USD100 million in less than a year.

Global X ETFs Europe has products listed on exchanges in the United Kingdom, Germany, Italy and Switzerland. Since launching in 2020, the Global X Europe team has grown rapidly. It now boasts nearly 40 members, with a physical presence in the United Kingdom, Ireland, and various EU branches with plans for further expansion.

“While we are thrilled about this achievement, this is just the beginning for our European operations,” Oliver says. “The Global X Europe team will continue to work across markets and play a pivotal role in the ongoing maturation of the European ETF industry by bringing our trusted, high-quality products to market.”

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