The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Global X ETFs
Global X ETFs, the New York-based provider of exchange-traded funds, has launched the Global X PropTech ETF, which gives exposure to companies positioned to benefit from innovations in property technology.

Before fees and costs, the ETF obtains returns that fit with the price and yield performance of the Global X PropTech Index. The fund has an expense ratio of 0.50 per cent, Global X ETFs said in a statement yesterday.

The rollout of the ETF comes at a time when the real estate market is being shaken up by technology, such as property management software, internet-of-things-based property monitoring tools (such as cameras), and virtual reality tours of buildings. 

"The process of both finding and maintaining a home is becoming increasingly reliant on cutting-edge technologies and real estate digitization," Pedro Palandrani, director of research at Global X ETFs, said. 

Global X ETFs' product lineup features more than 100 ETF strategies. The business, founded in 2008, has over $38 billion in assets under management. It is a member of Mirae Asset Financial Group, the South Korea-headquartered financial services company.