NEW YORK, April 19, 2016 /PRNewswire/ -- Global X
Funds, the New York-based provider
of exchange-traded funds (ETFs), today launched the Global X
S&P 500® Catholic Values Index ETF (Nasdaq: CATH).
Global X listened to the needs of investment professionals to
develop a custom investment solution, which tracks an index
developed by S&P Dow Jones Indices.
The S&P 500 Catholic Values Index is designed to include the
companies within the S&P 500 whose business practices adhere to
the Socially Responsible Investment Guidelines as outlined by the
United States Conference of Catholic Bishops (US CCB) and exclude
those that do not. Given CATH's alignment with the S&P 500, it
is intended to be used by investors for their US Large Cap
exposure.
"As an independent issuer of ETFs, Global X has the unique
ability to help advisors and other investment professionals meet
their clients' investment needs," said Jim
Glownia, CFA, Regional Director at Global X. "CATH is just
one example of how we are able to execute an advisor's investment
thesis in a cost and tax-efficient wrapper."
"Interest in indices that address ethical and sustainable issues
have expanded from niche segments into mainstream investment
strategies," says Alka Banerjee,
Managing Director of Product Management at S&P Dow Jones
Indices. "The S&P 500 Catholic Values Index draws upon the
widely recognized and prominent S&P 500 to provide the market
with a transparent index that addresses a unique perspective and
serves as the basis for Global X's new ETF."
"People are becoming increasingly interested in investing their
assets in a manner that is consistent with their beliefs, thereby
contributing to the well-being of the human family," added Rev.
Seamus P. Finn, OMI. "This fund
could be a welcome option for members of the Catholic faith to
consider."
ABOUT GLOBAL X FUNDS
Seeking to provide access to
high-quality and cost-efficient investment solutions, Global X is a
New York-based sponsor of
exchange-traded funds. Founded in 2008, we are distinguished
by our smart core, income, alpha, risk management and access suites
of ETFs and have more than 40 funds available across U.S. and
foreign exchanges. Global X is recognized as a leader in developing
intelligent investment solutions for our clients.
Carefully consider the Fund's investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Fund's full or summary prospectus,
which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631),
or by visiting www.globalxfunds.com. Read the
prospectus carefully before investing.
"S&P 500" is a service mark of S&P and has been licensed
for use for certain purposes by Global X Management Company, LLC.
Global X Funds are not sponsored, endorsed, issued, sold, or
promoted by S&P nor does this company make any representations
regarding the advisability of investing in the Global X Funds.
The Funds are distributed by SEI Investments Distribution Co.,
which is not affiliated with Global X Management Company, LLC.
The Fund is not authorized or sponsored by the Roman Catholic
Church and the United States Conference of Catholic Bishops has not
endorsed Global X, its investment management activities and/or the
Fund.
Investing involves risk including possible loss of principal.
The Funds' consideration of the Guidelines in its investment
process may result in choices not to purchase, or sell, otherwise
profitable investments in companies that have been identified as
being in conflict with the Guidelines. This means that the Fund may
underperform other similar funds that do not consider the
Guidelines when making investment decisions. The Fund is
non-diversified which represents a heightened risk to
investors.
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SOURCE Global X Funds