Global X Files Aluminum ETF (ALLU) Targeting Miners, Refiners and Smelters

Global X has filed to launch the Global X Aluminum Miners ETF (ALLU), an index-tracking fund targeting companies involved in aluminum mining, refining, production and processing. The ETF will track the Global X Aluminum Miners Index, investing at least 80% of its assets in index constituents. Eligible companies must generate at least 50% of their revenues from activities related to bauxite mining, alumina refining or aluminum smelting, including recycled aluminum production. The index will include companies listed in developed and emerging markets, subject to market capitalization and liquidity requirements. Constituents will be weighted by free-float market capitalization, with proposed individual weight caps of 8% and additional limits on Chinese and Hong Kong securities. The index will be reconstituted and rebalanced quarterly. The fund will be non-diversified, with concentrated exposure to the metals and mining industry.