Global X Funds has launched the Global X Food ETF, in anticipation of growing demand for food, driven by the growth of emerging market nations.
“Emerging markets are key to unlocking future growth because their economies are growing at a significantly higher rate than developed markets,” said William Johnson, chairman and CEO of Heinz. “The middle class in emerging markets will eventually outnumber the combined populations of the U.S. and Europe.”
Bruno del Ama, CEO of Global X, added “Eight out of 10 people in the world live in emerging markets. We are starting to see how food companies stand to benefit as the population in emerging economies continues to increase their purchasing power.”
The Global X Food ETF tracks the Solactive Global Food Index, which measures the equity performance of global food companies.
Global X is donating all profits from the fund to EATX to Action Against Hunger, a global humanitarian organization that works to save the lives of malnourished children with sustainable access to safe water and long-term solutions to hunger.