Global X Launches Aluminum ETF (ALUM)

In 2010, Global X launched a number of niche ETFs focusing on companies engaged in the extraction and refinement of various commodities, including lithium (LIT), uranium (URA), and silver (SIL). The New York -based issuer made the first 2011 addition to its suite of commodity ETFs on Wednesday, rolling out the first fund to offer pure play exposure to the aluminum industry. The Global X Aluminum ETF (ALUM) will seek to replicate the performance of the Solactive Global Aluminum Index, a benchmark that consists of companies that are active in some aspect of the aluminum industry, such as bauxite aluminum ore mining, production, or refinement. “We are pleased to offer the Aluminum ETF, which follows in the footsteps of our other highly successful industrial metal ETF, the Global X Copper Miners ETF,” said Bruno del Ama, CEO of Global X Funds, in a press release. “Aluminum has seen [...] Click here to read the original article on ETFdb.com. Related Posts: Inflation-Fighting ETFs Back In Focus More Ideas For “Contango-Free” Commodity Access Global X Launches Uranium ETF (URA) Next Generation Of Gold ETFs Ten Proposed ETFs To Be Excited For In 2011