Global X Tops $1.5 Billion In AUM

Global X, the New York-based ETF issuer that has 23 ETFs currently trading, announced today that as of March 1, its assets under management exceeded $1.5 billion. The firm said that since the end of 2009, its AUM total has surged by a whopping 1,500%.

Global X's largest ETF's include the Silver Miners ETF SIL, Uranium ETF URA, Lithium ETF LIT, and China Consumer ETF CHIQ. As of 3/1/11, their net assets were $498 million, $217 million, $186 million, and $162 million, respectively, the company said.

Thus far in 2011, the firm has introduced six new ETFs. Those funds are as follows:

Global X Aluminum ETF ALUM
Global X Russell Emerging Markets Growth ETF EMGX
Global X Russell Emerging Markets Value ETF EMVX
Global X FTSE Andean 40 ETF AND
Global X FTSE ASEAN 40 ETF ASEA
Global X FTSE Argentina 20 ETF ARGT

Last week, Global X announced plans for seven new ETFs.