NYSE Lists Global X NYSE 100 ETF | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
The New York Stock Exchange said Thursday that it has listed the new Global X NYSE 100 ETF.
The move provides investors with exposure to the NYSE 100 Index, a benchmark comprising 100 highly capitalised U.S. technology and tech-enabled growth companies.
The exchange, part of Intercontinental Exchange, said the index uses a rules-based, modified float-adjusted methodology intended to track actively traded U.S. securities across multiple sectors. The ETF is issued by Global X, part of Mirae Asset Global Investments.
Lynn Martin, president of NYSE Group, remarked: “A technology-focused ETF with exposure across multiple sectors gives investors a way to participate in a more complete view of the innovation driving the American economy.”
The NYSE stated that the 100 Index has delivered strong historical performance on a hypothetical back-tested basis, rising 27.65 per cent over the past year and posting annualised returns of 30.15 per cent over three years and 22.13 per cent over a decade.
However, the exchange emphasised that past performance does not predict future results.
Pedro Palandrani, head of product research and development at Global X, said the fund “focuses on exposure to core innovation” and is “designed to capture the companies genuinely reshaping the economy across sectors.”
The index is administered by ICE Data Indices, which oversees more than 7,500 global benchmarks.
