Global X Funds has launched the Global X FTSE ASEAN 40 ETF, which targets the Association of Southeast Asian Nations, comprised of Singapore, Malaysia, Indonesia, Thailand and the Philippines. The fund tracks the FTSE/ASEAN 40 Index.
Southeast Asian nations have a combined market capitalization of $1.75 trillion, larger than that of India and Brazil, Global X noted.
“We are pleased to provide access to the ASEAN market for U.S. investors,” said Bruno del Ama, chief executive officer of Global X Funds. “This is one of the most dynamic regions of the world with accelerating consumer demand that should develop a middle class of about 300 million people by 2015.”
This is Global X’s fifth fund based on FTSE’s regional and country-specific indexes.