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Press release from PR Newswire

Global X Silver Miners ETF (SIL) Attracts Significant Volume and Assets in First Two Weeks

Thursday, May 06, 2010

Global X Silver Miners ETF (SIL) Attracts Significant Volume and Assets in First Two Weeks08:00 EDT Thursday, May 06, 2010NEW YORK, May 6 /PRNewswire/ -- Since its launch on April 20, the first-ever silver mining exchange-traded fund, Global X Silver Miners ETF (NYSE Arca: SIL), has traded as high as nearly a million shares in daily volume, and raised $35 million in assets in its first ten trading days.� "These results reveal a previously-unmet, large need among investors for this unique play on precious metals," said Global X Funds CEO, Bruno del Ama. "The magnitude of the market's demand for this new investment tool is becoming more apparent as the fund grows and continued inquiries come in from institutional and retail investors."Silver mining companies are up nearly fourfold since bottoming in 2008, and physical silver has doubled in that time.� Because SIL invests in silver mining companies, it provides a differentiated investment profile to investing in physical silver.� According to Nick Barisheff, President of Bullion Management Group Inc., "at the beginning of a bull market, it is well documented that mining shares typically rise, and often outperform bullion."According to commodities analysts, silver demand should remain strong as a result of both investment interest and increased use in the consumer and industrial sectors.� 54% of silver demand is industrial, and silver industrial demand is expected to rise 19% this year according to BMO Capital Markets.� Some of the largest silver-focused mining companies in the Global X Silver Miners ETF include Silver Wheaton, Pan American Silver, Fresnillo, and Industrias Penoles.� A number of the component companies are expected to increase silver production this year as new mines are opened, existing mines ramp up output, milling additions and re-permitting take place."The Global X Funds Silver Miners ETF is designed to capture this anticipated growth in demand as well as company growth across the silver mining industry," says del Ama.� "This ETF allows investors to gain exposure in a way that is focused on the silver sector while benefiting from the diversification of a basket of stocks."Global X Funds is the ETF provider posting the fastest growth rate over the past 6 months, expanding to just under $200 million in assets currently.� This growth follows the launch of a family of China sector-specific ETFs and the recent silver and copper miners ETFs.� Global X Funds will continue to bring innovative tools to investors, as indicated by its recent filings with the SEC, which include Lithium, Uranium, and Aluminum ETFs, and a family of Brazil sector-specific ETFs, among others.Disclaimer:Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. There are additional risks associated with investing in base and precious metals as well as their respective mining industries. �Narrowly focused investments may be subject to higher volatility. �Structured Solutions AG Indexes have been licensed for use by Global X Management Company, LLC. �Global X Funds are not sponsored, endorsed, issued, sold, or promoted by Structured Solutions AG, nor does this company make any representations regarding the advisability of investing in the Global X Funds.Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.Holdings are subject to change; current and future holdings are subject to risk.Data Source: BloombergSOURCE Global X FundsFor further information: Evelyn Hu, +1-212-644-6622, evelyn.hu@globalxfunds.com