Global X Planning Even More New ETFs

Global X, the New York-based ETF issuer that has already rolled out six new ETFs this year, has filed plans with the SEC for several more new additions, some which keep up the firm's tradition of being first to market in select niches and some of which will be rivals to popular funds already on the market.

In the SEC filing, Global X highlighted plans for an agriculture/fertilizer ETF, a found focused on strategic metals and an ETF focusing on the hot rare earths space. The filing did not include expense ratios and tickers.

Global X's fertilizer/potash ETF will track the Solactive Global Fertilizers/Potash Index and will enter a space that isn't short on competitors. The Market Vectors Agribusiness ETF MOO is the dominant fund among equity-based agriculture ETFs with more than $3.8 billion in assets under management. Jefferies and PowerShares also issue equity-based agriculture ETFs.

Global X will also encroach on Market Vectors' territory with its rare earths and strategic metals ETFs. Market Vectors introduced the Rare Earth/Strategic Metals ETF REMX last October and the fund has accumulated $437 million AUM as investors have become enamored by rare earths.

It appears Global X is taking a different approach by splitting rare earths and strategic metals into two different ETFs.

The filing also shows that Global X is looking to continue its run as a purveyor of some of the more unique international ETFs on the market. The firm is looking to introduce a fund tracking Canadian preferred stocks and the SuperDividend Fund. The SuperDividend Fund, which tracks the Solactive Global SuperDividend Index, looks to follow the performance of a selected group of companies that rank among the highest dividend yielding equity securities in the world, according to ETFdb.com.

Last week, Global X introduced the Global X FTSE Argentina 20 ETF ARGT, the first Argentina-specific ETF available to U.S. investors. Prior to ARGT's debut, Global X had 22 ETFs with $1.5 billion AUM.