CashNews.co
Global X has announced the imminent launch of a new ETF on the ASX, the Global X S&P World ex Australia GARP ETF (GARP).
According to the ETF provider, the fund’s investment strategy focuses on “growth at a reasonable price”, providing access to quality, global companies “without the high price tag”.
“The GARP strategy can help investors strike the right balance between growth and value, providing the best of both worlds with good companies at good prices. What’s better?” Global X revealed on Thursday.
“Soon, you won’t have to search for these companies yourself as diversified global access is coming with the Global X S&P World ex Australia GARP ETF.”
The impending launch of GARP follows the introduction of a suite of other Global X products on the ASX in recent months.
In July, the firm announced the launch of the Global X Australian Bank Credit ETF (BANK), providing investors with exposure to credit in the local banking sector.
At the time, it said that BANK is Australia’s first “three-in-one” passively managed package of senior bonds, subordinated bonds and hybrid securities, and the only index-based ETF offering exposure to the broader capital stack of Australia’s banks in one diversified solution.
That same month, Global X unveiled its FANG+ (Currency Hedged) ETF (FHNG), offering investors exposure to companies at the forefront of “next-generation” technology with minimised exchange rate risk.
ETFs providing exposure to US infrastructure development, gold bullion and artificial intelligence also joined its local product lineup in the first half of the year.
To meet this rapid product expansion, Global X has continued to bolster its local research and investment teams over the last 12 months, namely with the appointments of Chris Wolak as head of portfolio management in August, Stephen Parker as portfolio manager in July and Billy Leung to the role of investment strategist in April.
Moreover, Global X welcomed Marc Jocum as product and investment strategist and Manny Damianakis as head of sales late last year.