The funds invest in zero coupon US treasury Strips maturing between 2030 and 2035, each tracking a FTSE index.
Global X Management Company LLC (Global X) has launched Global X Zero Coupon Bond suite comprising six exchange-traded funds (ETFs), according to a media release from the firm. Global X manages US$75 billion in assets Each fund carries an expense ratio of seven basis points and is passively managed. Global X manages US$75 billion in assets and is part of Mirae Asset Financial Group, which oversees US$803 billion globally The suite was originally proposed by Confluence Investment Manag