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- FTSE expands ETF offering with Global X
- Index tracks performance of the 20 largest Portuguese listed companies
- 104 ETFs tracking a FTSE benchmark in North America
FTSE Group (“FTSE”), the global index provider, today announced that it has granted a licence to Global X Funds, a US provider of exchange traded funds (ETF), to launch an ETF based on its FTSE Portugal 20 Index. The Global X FTSE Portugal 20 ETF listed today on NYSE Arca and is the first ETF tracking the Portuguese market in North America.
The FTSE Portugal 20 Index is designed to represent the performance of the 20 largest Portuguese listed companies ranked by full market capitalization, subject to liquidity criteria. The underlying universe for the Index is all equity companies listed on the NYSE Euronext Lisbon. It is a tool suitable for use in the creation of investment products, such as derivatives and Exchange Traded Funds (ETFs).
In common with all FTSE indices, the FTSE Portugal 20 Index is managed according to a publicly available set of rules and based on FTSE indices that are overseen by independent committees of seasoned market practitioners.
Jonathan Horton, President of FTSE North America and Head of FTSE’s ETP Service Unit, said: “We are delighted that Global X has again chosen to create ETFs based on FTSE’s highly transparent and representative benchmark indices. The FTSE Portugal 20 Index tracks the performance of the 20 largest Portuguese listed companies and reflects the growing demand from market participants for access to diverse country exposures within their ETF portfolios.”
Bruno del Ama, CEO of Global X Funds, said: “Global X is pleased to launch the first ETF based on the FTSE Portugal 20 Index in North America. The ETF, which is listed on NYSE Arca, offers US market participants access to the Portuguese market and is a further extension of the portfolio of exchange traded products linked to FTSE benchmark indices.”
