ASX ETFs give investors the opportunity to track domestic and international markets, sectors and themes.
However some investors may not be aware, new funds can come onto the stock market from time to time.
These may track a niche theme or sector. It can also occur when ASX providers want to challenge an existing fund.
Global X is a global ETF issuer under Mirae Asset, and in Australia, it provides 45 ASX-listed ETFs, spanning commodities, thematic plays, income/sector strategies, and emerging tech exposures.
In the past year, ASX ETF provider Global X has listed several new funds.
Lets look at how two of their unique new funds have fared since inception.
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Global X Russell 200 ETF (ASX: RSSL)
This fund was first listed in February of this year, making it one of the newest ASX ETFs available.
It offers investors exposure to US small-cap equities through the Russell 2000 RIC Capped Index.
This index tracks approximately 2,000 companies that represent the smallest constituents of the Russell 3000 Index.
According to Global X, by focusing on small caps, RSSL ETF enables investors to capture high-growth opportunities in early-stage companies while benefiting from a balanced and diversified approach.
With small-cap investing comes volatility, as many of these companies have less stability and lower liquidity.
Unfortunately, since February the fund is down roughly 6%.
Investors looking for similar funds that track US small-caps might consider:
Global X Artificial Intelligence ETF (ASX: GXAI)
This fund has just passed one year as an ASX ETF.
It has had a very different result than RSSL.
Since inception, the fund is up 26.35%.
The fund seeks to invest in companies that potentially stand to benefit from the further development and utilisation of artificial intelligence (AI) technology in their products and services, as well as in companies that provide hardware facilitating the use of AI for the analysis of big data.
At the time of writing, it is made up of 85 holdings. It has large exposure to US based companies (68.8% weighting) as well as China (8%) and South Korea (5.1%).
No single company represents more than 3.77% of the fund.
The fund may suit investors who want diversified exposure to global artificial intelligence companies across the entire value chain – from infrastructure and hardware to software and AI services.
