Global X Funds Launches Founder-Run Companies ETF

Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X Founder-Run Companies ETF (BATS: BOSS). Tracking the Solactive U.S. Founder-Run Companies Index, BOSS will hold a basket primarily consisting of U.S. large and mid-cap companies led by CEOs who are the original founders of their firms. The fund will be the fourth in Global X's "Alpha" suite of funds, designed with the aim of delivering market-beating returns.