Old Mutual Global Index Trackers Launches GlobalShares FTSE Developed Countries ex US ETF -- GSD
February 11 2010 - 1:00AM
Old Mutual Global Index Trackers, a South Africa based index
tracker fund manager specializing in Developed Countries ex US,
announced today the opening of trading for its second ETF available
to American investors: GlobalShares FTSE Developed Countries ex US
Fund (NYSE:GSD).
GSD was designed to offer American investors the opportunity to
gain exposure to 23 developed countries, including Canada, Japan,
the United Kingdom, France and Germany without overlapping their
U.S. stock portfolios. The Fund seeks to replicate the performance
of the FTSE Developed ex US Index, which is comprised of over 1,400
stocks and may be attractive to those seeking the middle ground
between a still nervous domestic economy and more uncertain
Developed Countries ex US.
GlobalShares products are being introduced in order to offer a
complementary and diversified suite of investment options for
retail and institutional investors. GSD can be used in conjunction
with GlobalShares Developed Countries ex US Fund (GSR) to
dynamically adjust asset allocation between developed and Developed
Countries ex US.
"After the successful launch of GSR, we are excited to introduce
GSD and will be rolling out an additional three ETFs within the
coming weeks," said Tendai Musikavanhu, CEO of Old Mutual Global
Index Trackers. "We continue to seek to deliver top level product
and diversification, while also maintaining our commitment to
providing low-cost investor access to emerging and developed
markets outside the U.S."
About Old Mutual Global Index Trackers
Old Mutual Global Index Trackers (OMGxT) is a Johannesburg,
South Africa based fund manager specializing in Developed Countries
ex US, and the first African firm to list an ETF on the New York
Stock Exchange. The firm manages FTSE index tracking funds called
GlobalShares. North American operations are based out of the
Boston, Massachusetts office with additional staff located in
London, United Kingdom. More information on GlobalShares can be
found at www.globalsharesetf.com.
OMGxT is one of several investment boutiques within the Old
Mutual Investment Group, a wholly owned subsidiary of Old Mutual
plc, an investment group with over $400 billion in assets under
management worldwide. Founded in 1845, and now based in London, the
company operates in 38 countries and employs 57,000 people.
Before investing you should carefully consider the Funds'
investment objectives, risks, charges and expenses. This and other
information is in the prospectus, a copy of which may be obtained
by calling +1 888 OMGxTUS (+1 888 6649887) or by visiting our
website www.globalsharesetf.com. Please read the prospectus
carefully before you invest.
Foreside Fund Services, LLC is the distributor for the Funds
for the United States only.
An investment in Funds is subject to investment risk, including
the possible loss of principal amount invested. Fund returns may
not match the return of their respective index, known as
non-correlation risk, due to operating use of sampling techniques,
derivatives and expenses incurred by the Funds. Foreign or emerging
market securities involve certain risks and increased volatility
not associated with investing solely in the U.S. These risks
include currency fluctuations, economic or financial instability,
and lack of timely or reliable financial information. The Funds may
also invest in medium sized companies which involve greater risk
than is customarily associated with investing in more established
companies.
Risk is inherent in all investing. An investment in the Funds
involves risks similar to those of investing in any fund of equity
securities traded on an exchange. Even if the Funds achieve their
objectives, the value of the Shares may decline, more or less, in
correlation with any decline in value of the Underlying Index.
Overall stock values could decline generally or could underperform
other investments. The Funds may not be fully invested at times,
for reasons such as a result of cash flows into the Funds or
reserves of cash held by the Funds to meet redemptions and
expenses. The Funds' Shares will change in value, and you could
lose money by investing in the Funds. The Funds may not achieve
their objectives.
CONTACT: OMGxT US
1-888-OMGxTUS (1-888-6649887)
Old Mutual Global Index Trackers US
Press Inquiries:
Eric Woodbury
(857) 284-1505
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