Silver Miners ETF (SIL) and Copper Miners ETF (COPX) Start Trading on the NYSE Arca

NEW YORK, April 20 /PRNewswire-FirstCall/ -- Global X Funds, the New York-based provider of Exchange Traded Funds, launched today the Global X Silver Miners ETF SIL and Global X Copper Miners ETF COPX. SIL and COPX have a 0.65% expense ratio.

The Global X Silver Miners ETF is the only ETF in the world targeting silver mining companies. It tracks the Solactive Global Silver Miners Index, comprised of the largest and most liquid silver mining companies in the world. The majority of holdings are Canadian based companies but also include companies based in the US, Mexico, Peru, and Russia. As of March 31, 2010, the largest index components were Fresnillo, Industrias Penoles, Silver Wheaton, and Pan American Silver.  

Silver benefits from being an investment asset and from industrial and consumer applications. According to commodities analysts, silver demand should remain strong as a result of both investment interest and increased use in the consumer and industrial sectors. 54% of silver demand is industrial, and according BMO Capital Markets, silver industrial demand is expected to rise 19% this year.

Because SIL invests in silver mining companies, it provides a differentiated investment profile to investing in physical silver. For example, according to Nick Barisheff, President of Bullion Management Group Inc., "at the beginning of a bull market, it is well documented that mining shares typically rise, and often outperform bullion."

The Global X Copper Miners ETF tracks the Solactive Global Copper Miners Index, comprised of the largest and most liquid copper mining companies in the world. COPX components are based in Canada, Australia, UK, US, Mexico, China, Poland, Switzerland, and South Africa.  As of March 31, 2010, the largest index components were Freeport-McMoran, Xstrata, Grupo Mexico, and Southern Copper.

Much of the world's infrastructure depends on copper, and governments are expected to spend approximately $30 trillion on infrastructure projects over the next 20 years, according to a 2009 study by CIBC World Markets. China, as the world's largest consumer of copper, is projected to use 15.6 billion pounds of copper each year by 2015, according to Barclays Equity Research.

"SIL and COPX provide investors with efficient and targeted exposure to silver and copper mining companies, respectively. Both metals are essential for the global economy and may see growing demand as the economic recovery continues," said Bruno del Ama, CEO of Global X Funds.  

About Global X Funds

Global X Funds is dedicated to bringing novel and relevant ETF products to market.  Global X Funds has issued the first ETFs offering exposure to Colombia (GXG), the Nordic region (GXF), and a family of sector-specific China ETFs spanning the consumer (CHIQ), energy (CHIE), financials (CHIX), industrials (CHII), materials (CHIM) and technology (CHIB) sectors.  For more information, visit www.globalxfunds.com.

Disclaimer:

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. There are additional risks associated with investing in base and precious metals as well as their respective mining industries.  Narrowly focused investments may be subject to higher volatility.

Structured Solutions AG Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by Structured Solutions AG, nor does this company make any representations regarding the advisability of investing in the Global X Funds.

Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' 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.

Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.

Index data source: Structured Solutions AG.

SOURCE Global X Management Company, LLC