ORBX aims to invest in pure-play innovators and space technology disruptors, including much-anticipated public listings

Company Website: https://www.globalxetfs.com/
NEW YORK -- (Business Wire)

Global X Management Company LLC (“Global X”), the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Space Tech ETF (ORBX), designed to provide targeted exposure to companies contributing to the global space economy. The fund is passively managed with an expense ratio of 50 basis points.

The space economy was once a speculative frontier controlled exclusively by global superpowers, but it could become a $1 trillion revenue opportunity over the next decade as commercialization opportunities expand.^[i] Advances in launch technology, satellite miniaturization, reusable rockets, robotics, and data analytics have made space-based applications more viable.

“Investors are looking for ways to capitalize on space exploration but we believe existing ETF options often dilute exposure with broad allocations or unrelated technology holdings,” said Pedro Palandrani, Head of Product Research & Development at Global X. “Investors stand to benefit from a more intentional, revenue-focused method designed to capture these faster-growing space technology segments.”

ORBX tracks the Global X Space Tech Index, which tracks pure-play companies, meaning those that earn at least 50% of their revenue from critical segments of the upstream and downstream space sectors. This includes companies involved in the development of rocket launch systems and reusable rockets; the production of mission-critical space technology and components, including engines, orbital transport systems, software, and data solutions; the delivery of satellite-enabled telecommunications and data services; and the provision of space transportation, tourism, and exploration services.

Newly listed companies will be assessed for inclusion in the index on the second and fourth Friday of most months; in February, May, August, and November, newly listed companies will be considered for inclusion on the regular quarterly reconstitution dates.

“The global space economy is expanding, with several high-profile IPO candidates on the horizon. As a leader in thematic investing, we’ve designed ORBX to deliver a pure-play approach across the space value chain targeting disruptive innovators within that market,” Palandrani continued. “Advancements in technology are moving the entire space tech value chain forward. In the near-term, we expect to see significant value from businesses offering reusable rockets, space tech components, satellite telecommunications, and data services. In the longer term, we believe there’s also potential for space transportation, exploration, and even long-duration opportunities like orbital computing. Despite the market volatility we’ve seen so far this year, investor appetite for structural growth remains strong. In short, we believe the space economy is positioned for meaningful growth.”

About Global X

Global X was founded in 2008. For more than fifteen years, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features a wide range of ETF strategies and $86.58 billion in assets under management.^[ii] While we are distinguished for our Thematic, Income, and International ETFs, we also offer Core and other funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group (“Mirae Asset”), a global leader in financial services, with $803 billion in assets under management worldwide.^[iii] Mirae Asset has an extensive global ETF platform ranging across the U.S., Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam.

Important Information

This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalized investment advice and should not be used for trading purposes. Please consult a financial advisor for more information regarding your situation.

Investing involves risk, including the possible loss of principal. ORBX is subject to certain principal risks, including: Affiliated Index Provider Risk; Depositary Receipts Risk and Equity Securities Risk; Associated Risks Related to Investing in Space Tech Companies; Large-Capitalization Companies Risk; Mid-Capitalization Companies Risk; Small-Capitalization Companies Risk; Micro-Capitalization Companies Risk; Currency Risk; Custody Risk; Cybersecurity Risk; Risks Related to Investing in the Aerospace and Defense Industry and the Industrials Sector; Foreign Securities Risk; Risk of Investing in Developed Markets and Emerging Markets; Indexing Strategy Risk, including Index-Related Risk, Management Risk, and Tracking Error Risk; International Closed Market Trading Risk; Investable Universe of Companies Risk; Issuer Risk; Market Risk; New Fund Risk; Newly Listed Company Risk; Non-Diversification Risk; Operational Risk; Risks Associated with Exchange-Traded Funds, including Authorized Participants Concentration Risk, Large Shareholder Risk, Listing Standards Risk, and Market Trading Risks and Premium/Discount Risks; Trading Halt Risk; and Valuation Risk.

Space tech companies may face high research and development costs, intense competition, rapid technological change, and evolving regulation that could limit market access or render products obsolete. Results and reputations may be significantly affected by launch failures, mission anomalies, schedule delays, capacity constraints, rising costs, and defaults by launch providers or key suppliers. Companies in the Aerospace & Defense industry are subject to government defense budgets, geopolitical tensions, and regulatory changes, which can significantly impact revenues and profitability.

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, 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.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments.

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Contacts:

Media Contact

Ariel Kouvaras, Sloane PR
+1 212-446-1884
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Source: Global X Management Company LLC