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Global X Funds Unveils Auto ETF
New York-based ETF provider, Global X Funds, has rolled out the Global X Auto ETF.
New York-based ETF provider, Global X Funds, has rolled out the Global X Auto ETF. The new vehicle tracks the performance of the S-Network Global Automotive Index, whose biggest holdings include Toyota, Daimler, Ford Motor, BMW and Honda.The fund offers investors diversified access to the global automobile industry, with a 74% exposure to auto manufacturers and 26% to auto parts and equipment. The fund’s 50 components are diversified in countries, including Germany, U.S. and Japan.
Click here for the release from PR Newswire.