Global X Adds 3 Specialized ETFs
May 6, 2011

SAN DIEGO (ETFguide.com) - Global X has just launched three new exchange-traded funds targeting various investing themes.

The Global X Fishing Industry ETF (NYSEArca: FISN). FISN is linked to the Solactive Global Fishing Index which tracks the performance of global companies that are engaged in commercial fishing, fish farming, fish processing or the marketing and sale of fish and fish products. The annual expense ratio for FISN is 0.69%

The Global X Waste Management ETF (NYSEArca: WSTE). WSTE follows the Solactive Global Waste Management Index, which encompasses publicly traded companies involved in hazardous waste, non-hazardous waste and recycling industries. The annual expense ratio for WSTE is 0.65%

The Global X Mexico Small Cap ETF (NYSEArca: MEXS). MEXS follows the Solactive Mexico Small-Cap Index, which tracks small-cap companies that are domiciled or have their main business in Mexico. The annual expense ratio for MEXS is 0.69%

In other related news, Powershares also launched two new funds this week.

The Powershares S&P 500 High Beta Portfolio (NYSEArca: SPHB) follows the S&P 500 High Beta Index, which consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. The annual expense ratio for SPHB is 0.25%. 

The Powershares S&P 500 Low Volatility Portfolio (NYSEArca: SPLV) is linked to the S&P 500 Low Volatility Index, which consists of the 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. The annual expense ratio for SPLV is 0.25%.

Powershares now has $64 billion in assets in a total of 120 domestic and international products.