Global X Management Co., a New York City–based provider of exchange-traded funds (ETFs), has announced the launch of the Global X Commodity Strategy ETF (COMD). The fund is designed to provide access to physical commodity exchange-traded products (ETPs) and futures contracts ranging from precious metals to energy to agricultural products.
Global X has built a line-up of eight ETFs that offer indirect exposure to commodities or direct exposure to companies economically linked to commodities, including uranium, gold, silver, copper, liquified natural gas and rare earth materials such as lithium and cobalt. Together, they comprise more than $20 billion in assets.
"We're witnessing a fundamental shift in commodity demand driven by structural forces that extend beyond typical cyclical patterns," said Pedro Palandrani, head of product research and development at Global X. "COMD is designed to actively navigate an evolving commodity landscape exhibiting unprecedented demand
