Global X Permanent ETF to Debut Wednesday

Global X, the New York-based ETF issuer known for its unique commodities and sector funds, will introduce the Global X Permanent ETF

on Wednesday February 8, 2012. With an expense ratio of 0.49%, the Global X Permanent ETF will track the Solactive Permanent Index. The index allocates 25% of its weight to each of the following asset classes: Equities, gold and silver, long-term U.S. Treasuries and short-term U.S. Treasuries. The equity breakdown is as follows: U.S. Large Cap Stocks: 9% , U.S. Small Cap Stocks: 3%, International Stocks: 5% , U.S. Real Estate Stocks :3% and U.S. and Foreign Natural Resource Stocks: 5%. The gold and silver allocation will be 20% devoted to gold exchange-traded products and 5% to silver ETPs. As of January 20, 2012 the Underlying Index had 87 constituents, which included ETFs for U.S. Small Cap Stocks and International Stocks, as well as ETCs for Gold and Silver, according to ETF Daily News. PERM will be the first new ETF introduced by Global X this year. In 2011, the firm rolled out 22 new ETFs, making it one of the most prolific issuers of new ETFs. Global X had 39 ETFs with over $1.3 billion in assets under management at the end of January, according to data from the ETF Industry Association.