Global X Funds Launches E-Commerce ETF

Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X E-commerce ETF (Nasdaq: EBIZ). Designed to track the Solactive E-commerce Index, the fund holds a basket of companies from around the world that are positioned to benefit from the increased adoption of e-commerce as a distribution model, including companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and/or selling goods and services online.