What Global X does

Global X Management Company LLC is a New York-headquartered ETF sponsor that creates and manages over 110 exchange-traded funds across four core categories: thematic growth (AI, robotics, defense tech, space tech, electrification, clean energy), income (covered call strategies, MLPs, dividend-focused funds), commodities (uranium, copper, silver, gold miners), and international access (Asia, Europe, Latin America, emerging markets). Founded in 2008 and acquired by South Korean financial conglomerate Mirae Asset Global Investments in 2018, Global X has grown assets under management from approximately $8 billion at acquisition to roughly $98.6 billion by mid-2026. The firm operates as a wholly-owned subsidiary of Mirae Asset, which is ranked the 11th-12th largest ETF manager globally with approximately $280 billion in ETF assets across 13 markets.

The firm's core technology centers on proprietary index methodologies developed in partnership with third-party index providers including Solactive, Mirae Asset, Adaptive Wealth Strategies (a NorthCrest Asset Management division), and Indxx. Notable technical architectures include the Adaptive Wealth Strategies Risk Managed Yield Index underlying the RMHY ETF, which uses MACD and Cboe Volatility Index signals to dynamically rotate between U.S. high yield corporate bonds and short-duration Treasury bills for systematic downside protection. Global X distributes through public exchange listings (NYSE Arca, NASDAQ, LSE, Deutsche Börse, Borsa Italiana, SIX Swiss Exchange), a dedicated Model Portfolios platform targeting registered investment advisors (portfolios.globalxetfs.com), and a direct institutional solutions team. Products are also listed on UCITS-compliant European exchanges, and the firm is partnering with Ondo Finance to introduce tokenized ETF share classes in 2026.

Global X operates a pure asset-based revenue model, earning management fees as a percentage of AUM with individual fund expense ratios ranging from 0.30% to 0.79% annually. Customer segments include individual retail investors, financial advisors and RIAs (both primary), and institutional investors. The company has 101-250 employees and is led by CEO Luis Berruga, COO John Belanger, and Chief Compliance Officer Joseph Costello, with Kevin Kelly noted as the creator of the firm's flagship QYLD covered-call ETF. Beyond core US operations, Global X maintains a regional subsidiary in Japan (Global X Japan Co. Ltd.) and has established distribution across the US, Canada, the UK, Germany, Switzerland, Italy, Australia, and Japan as part of Mirae Asset's global platform.

Name

Global X

Legal name

Global X Management Company LLC

Website

https://globalxfunds.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Global X Management Company LLC is a New York-based ETF sponsor that creates and manages 110+ exchange-traded funds across thematic growth, income, commodities, and international access categories, serving individual investors, financial advisors, and institutions as a subsidiary of Mirae Asset Global Investments.

Ownership category

akta.pro rank

Product category

Exchange-Traded Funds

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

ESG Indexing & ESG ETFs (Rules-Based ESG Benchmarks and Passive Products) (FSAAALAE)

akta.pro secondary industries

ESG/SRI & Climate ETFs (FSAAAFAJ), Real Assets & Infrastructure ETFs (REITs, Infrastructure, Natural Resources) (FSAAAFAH)

Keywords

• Exchange traded funds
• Thematic ETF investing
• Asset management
• ETF model portfolios
• Commodity ETFs

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. ETF Management Fees: Global X earns revenue through management fees charged as a percentage of assets under management (AUM). Expense ratios vary by fund, ranging from approximately 0.30% to 0.79% annually, providing a predictable recurring revenue stream tied directly to AUM growth.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Global X is an ETF sponsor that creates, manages, and distributes more than 110 exchange-traded funds organized into four categories: Thematic Growth, Income, Commodity, and International Access. The firm also operates an ETF Model Portfolios platform for financial advisors and an Institutional Solutions service. Funds are listed on major US and European exchanges and earn revenue through management fees on assets under management, with expense ratios ranging from approximately 0.30% to 0.79%.

Product overview

Global X is an ETF provider offering over 110 exchange-traded funds across four core categories: Thematic Growth ETFs (targeting structural economic shifts including AI, robotics, defense tech, and clean energy), Income ETFs (covered call strategies, dividend-focused, MLP and alternative income solutions), Commodity ETFs (precious metals, base metals, uranium), and International Access ETFs (targeted emerging and developed market exposures). The lineup spans disruptive technology, equity income, hard-to-access emerging markets, and commodities. Featured products include AIQ (artificial intelligence), SHLD (defense technology), URA (uranium), QYLD (NASDAQ 100 covered calls), and CLIP (T-bills). The company operates as a subsidiary of Mirae Asset Global Investments with approximately $90-98 billion in assets under management.

Differentiator

Problem solved

Functional benefit

Products and services

• Global X Thematic Growth ETFs
• Global X Income ETFs
• Global X Commodity ETFs
• Global X International Access ETFs
• Global X ETF Model Portfolios
• Global X Institutional Solutions
• Global X Artificial Intelligence & Technology ETF (AIQ) Thematic ETF offering broad exposure to companies involved in artificial intelligence development and technology adoption, with holdings spanning semiconductors, cloud infrastructure, and AI applications. Expense ratio of 0.68%.
• Global X Defense Tech ETF (SHLD) Thematic ETF providing concentrated exposure to defense technology companies including major contractors, AI-enabled warfare platforms, drones, and surveillance systems, tracking the Global X Defense Tech Index. Expense ratio of 0.50%.
• Global X Uranium ETF (URA) Commodity ETF providing exposure to uranium mining and nuclear component production companies, benefiting from nuclear energy revival and AI data center power demand. Expense ratio of 0.79%.
• Global X NASDAQ 100 Covered Call ETF (QYLD) Income ETF using a covered call strategy on NASDAQ 100 holdings to generate monthly distributions, mechanically surrendering upside growth in exchange for option premium income.
• Global X 1-3 Month T-Bill ETF (CLIP) Money market ETF tracking USD-denominated Treasury bills with one to three months to maturity, providing liquidity and stability for cash management purposes.
• Global X Space Tech ETF (ORBX) Pure-play space technology ETF tracking companies earning at least 50% of revenue from upstream and downstream space sectors including rocket launch systems, satellite telecommunications, and space transportation. Expense ratio of 0.50%.
• Global X Ethereum Covered Call ETF (EHCC) Actively managed cryptocurrency fund writing covered calls on Ether-related exchange-traded products to generate weekly income distributions. First cryptocurrency ETF related to ether beyond Bitcoin in Global X's lineup. Expense ratio of 0.75%.
• Global X Adaptive Risk Managed Yield ETF (RMHY) Passively managed fixed income ETF providing exposure to high yield corporate bonds with systematic downside protection through allocation to short-term US Treasury bills during adverse market conditions, using MACD and VIX indicators. Net expense ratio of 0.30%.
• Global X US Electrification UCITS ETF (ZAPP) UCITS ETF providing European investors exposure to US companies benefiting from projected 50% growth in US electricity demand by 2040, tracking the Mirae Asset US Electrification Ucits Index. Total expense ratio of 0.47%. Listed on London Stock Exchange and Deutsche Börse Xetra with additional listings on Borsa Italiana and SIX Swiss Exchange planned.

Quantifiable outcome

• AIQ ETF returned +51% over one year, attracting $3.8 billion in inflows
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Adaptive Wealth StrategiescoreTechnology or IntegrationAdaptive Wealth Strategies developed the index (Adaptive Wealth Strategies Risk Managed Yield Index) that RMHY tracks, using Moving Average Convergence Divergence and the Cboe Volatility Index for market condition-based allocation between high yield corporate bonds and Treasury bills.
• Mirae Asset Global InvestmentscoreOthersMirae Asset acquired Global X in 2018 when it had $8 billion in AUM; Global X has since grown to ~$98.6 billion. Mirae Asset is the 11th-12th largest ETF manager globally with operations across 13 markets. The partnership enables Global X to leverage Mirae Asset's global platform and research capabilities.

Scale indicators8 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Invesco: Invesco operates one of the largest US ETF complexes (including QQQ, the original Nasdaq-100 ETF) with a heavy thematic and income tilt (e.g., Invesco QQQ, Invesco S&P 500 Low Volatility, BulletShares). It directly competes with Global X across thematic growth, income (covered calls), and commodity exposures, with comparable distribution through advisors and institutional channels.
• ARK Invest: ARK Invest is a pure-play thematic ETF issuer (ARKK, ARKW, ARKQ, ARKG) focused on disruptive innovation including AI, robotics, genomics and fintech. It competes head-to-head with Global X's thematic growth suite (AIQ, BOTZ) for the same retail and advisor mindshare in disruptive-tech themes.
• WisdomTree: WisdomTree is a mid-size ETF sponsor with overlapping thematic, international, and commodity product offerings (e.g., WisdomTree AI, cybersecurity, emerging-markets ETFs). It competes directly with Global X in advisor-sold thematic and international categories.
• First Trust: First Trust is a large US ETF issuer known for thematic and rules-based ETFs (e.g., First Trust Nasdaq Cybersecurity, cloud computing, DJ Brookfield Global Infrastructure). It directly competes with Global X in thematic ETFs and advisor-sold model portfolios.
• KraneShares: KraneShares is a thematic ETF issuer specializing in China, ESG, carbon allowances and emerging-technology themes (KWEB, KBA, KRBN). It overlaps with Global X's international access and ESG/climate ETFs for advisor and institutional mandates.
• Roundhill Investments: Roundhill is a niche thematic ETF sponsor known for novel single-theme products (e.g., BITQ crypto, METV metaverse, RDVY dividend growth). It competes with Global X in disruptive-tech and income ETFs and pursues a similar theme-led product strategy.
• Amplify ETFs: Amplify ETFs is an active-thematic ETF sponsor offering products in cybersecurity (HACK), blockchain (BLOK), AI, and clean energy. It overlaps with Global X's thematic growth categories and competes for advisor allocations in disruptive-tech themes.

Broad incumbents

• iShares by BlackRock: iShares is the world's largest ETF franchise with broad exposure across virtually every Global X category (thematic, commodity, international, fixed income). While iShares is not a pure thematic specialist, its scale, fee aggression and distribution make it the dominant structural competitor and pricing benchmark for Global X's lineup.
• Vanguard: Vanguard operates the second-largest US ETF complex with a strong low-cost, market-cap-weighted tilt. Vanguard's expanding thematic and active ETF launches (e.g., VGK, VTI, plus recent thematic products) increasingly overlap with Global X's categories and exert fee compression pressure on the broader market.
• State Street SPDR: State Street Global Advisors operates the SPDR ETF franchise (SPY, XLB, XLK, GLD, KRE), spanning sector, commodity, fixed income and thematic ETFs. SPDR competes broadly with Global X in commodities (GLD vs. SLV/COPX/URA), sector and international categories via major US exchanges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/GlobalXFunds
• LinkedInlinkedin.com/company/global-x-management-company
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Global X