Global X is launching a new food exchange-traded fund (ETF). The Global X Food ETF aims to provide investment results that generally correspond to the price and yield performance of the Solactive Global Food Index.

The portfolio will invest around 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the index. Structured Solutions is the index provider of the fund.

Click here for the story from ETF Daily News.