Global X hires thematic ETFs head from ProShares

Rick Steves

Thematic investing is on the rise. At the end of June 2022, there were 256 thematic ETFs traded in the U.S. markets, marking a 73% increase from the beginning of 2021. 

Global X ETFs has appointed Scott Helfstein as Head of Thematic Solutions to bolster the ETF lineup which looks beyond traditional geographic or sector exposures, targeting companies poised to benefit from structural shifts in disruptive technology, people, and demographics, and adaptations to the physical environment.

The New York-based provider of exchange-traded funds (ETFs) joins Global X ETFs from ETF issuer ProShares, where he was Executive Director of Thematic Investing.

At ProShares, he was responsible for overseeing the firm’s line-up of thematic ETFs. Previously, Dr. Helfstein held senior-level roles at Morgan Stanley Wealth Management and BNY Mellon Investment Management, covering market strategy, equity portfolio solutions, thematic investing, tactical market communications, and global macro trends.

Paradigm-shifting themes

Brian Diessner, Head of Sales at Global X, said: “Global X’s Thematic Growth ETFs deliver access to a broad set of companies around the world with pure-play exposure to paradigm-shifting themes that reflect long-term, structural trends across geographies and sectors. Dr. Helfstein has an impressive background in thematic investing, with experience across product development, research, and strategy, and we look forward to leveraging his expertise to drive innovation for Global X’s clients.”

“Between the convergence of several disruptive technologies, new generations of consumers with unique preferences, and an evolving relationship with the physical environment, it’s clear that we’re living through a cycle of accelerating change. Global X is a pioneer in thematic investing, with top-notch product development and research capabilities, and this is an exciting time to be joining such a forward-thinking firm as Head of Thematic Solutions.”

Thematic investing is on the rise. At the end of June 2022, there were 256 thematic ETFs traded in the U.S. markets, marking a 73% increase from the beginning of 2021.

Global X, founded in 2008, already has more than 30 targeted products in the space representing around $15 billion in assets under management (AUM).

Global X is a member of Mirae Asset Financial Group, which has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80 billion in assets under management.

Read this next

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

Digital Assets

Big Time Generates over $100M in Revenue since Preseason

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

“The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

<