NEW YORK, July 31, 2018 /PRNewswire/ -- Global X
Funds, the New York-based provider
of exchange-traded funds (ETFs), today announced the launch of the
Global X TargetIncome™ 5 ETF (CBOE: TFIV), and the Global X
TargetIncome™ Plus 2 ETF (CBOE: TFLT). TFIV seeks to achieve a 5%
yield, net of fees, while TFLT seeks to achieve the yield on the
current 10 Year US Treasury Note, plus 2%, with both funds expected
to pay distributions on a monthly basis.
In a decades long shift from defined benefit (DB) plans, which
provide investors with predictable income streams in retirement, to
defined contribution (DC) plans, individual investors have assumed
much of the risk relating to their retirements. With an
outcome-based approach, TFIV and TFLT seek to help investors
achieve a specific income levels from their retirement assets.
TFIV and TFLT track indexes developed by Wilshire Associates
(Wilshire®) that allocate across 11 ETFs representing different
income-paying asset classes. The ETFs seek to attain their targeted
income levels while simultaneously optimizing their exposures to
mitigate risk.
"By combining Wilshire's robust multi-asset analytics and deep
institutional allocation expertise, we've structured indexes that
aim to target specific yield objectives while mitigating risks,"
said Jason Schwarz, president of
Wilshire Analytics and Wilshire Funds Management. "We're
proud to bring these indexes to market and very pleased to work
with Global X, which has established itself as a leader in income
ETFs," Schwarz added.
"Despite a recent spate of rate hikes, investors continue to
face a low yielding market," said Jay
Jacobs, head of research and strategy at Global X. "As the
baby boomer generation increasingly transitions into retirement, we
believe that TFIV and TFLT can offer potential solutions to
investors looking to achieve specific income goals with their
portfolios."
ABOUT GLOBAL X
Seeking to provide access to high-quality and cost-efficient
investment solutions, Global X is a New
York-based sponsor of exchange-traded funds (ETFs).
Founded in 2008, we are distinguished by our smart core, income,
alpha, risk management and access suites of ETFs and have more than
50 funds available across U.S. and foreign exchanges. Global X is
recognized as a leader in developing intelligent investment
solutions for our clients.
Investing involves risk, including the possible loss of
principal. There is no guarantee that the Funds will achieve their
investment objectives or produce the targeted price or yield
performance. A company may reduce their dividends or stop
paying dividends at any time, which could have a material adverse
effect on the stock price of these companies and the Fund's
performance. TFLT & TFIC are non-diversified.
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. Global X NAVs are calculated using prices as
of 4:00 PM Eastern Time. The closing
price is the Mid-Point between the Bid and Ask price as of the
close of exchange. Closing price returns do not represent the
returns you would receive if you traded shares at other times.
Indices are unmanaged and do not include the effect of fees,
expenses or sales charges. One cannot invest directly in an
index.
Since the Fund's shares typically do not trade in the secondary
market until several days after the Fund's inception, for the
period from inception to the first day of secondary market trading
in Shares, the NAV of the Fund is used to calculate market
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 globalxfunds.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. Global X Funds are not sponsored, endorsed, issued,
sold or promoted by Wilshire, nor does Wilshire make any
representations regarding the advisability of investing in the
Global X Funds. Neither SIDCO nor Global X is affiliated with
Wilshire.
ABOUT WILSHIRE ASSOCIATES
Wilshire Associates, a leading global financial services firm,
provides consulting services, analytics solutions and customized
investment solutions to plan sponsors, investment managers and
financial intermediaries. Its business units include, Wilshire
Analytics, Wilshire Consulting, Wilshire Funds Management and
Wilshire Private Markets. The firm was founded in 1972, providing
revolutionary technology and acting as an early innovator in the
application of investment analytics and research to investment
managers in the institutional marketplace. Wilshire also is
credited with helping to develop the field of quantitative
investment analysis that uses mathematical tools to analyze market
risks. Wilshire developed the Wilshire 5000 Total Market Index and
became an early innovator in creating integrated asset/liability
analysis/simulation models as well as practical models in risk
budgeting through beta and active risk analysis. Wilshire® is a
registered service marks of Wilshire Associates Incorporated.
View original content with
multimedia:http://www.prnewswire.com/news-releases/global-x-funds-introduces-targetincome-family-of-etfs-300689291.html
SOURCE Global X Funds