Global X: Inside the upheaval at a $56bn ETF shop (2024)

Table of Contents
JAMES KING, PRO BUYER Editor’s Picks The AUM may be high, but so is employee turnover. Here’s why. Leave a comment A roundup of some of the searches shared with us over the last month. JAMES KING, PRO BUYER Editor’s Picks Opinion & Analysis Despite real estate’s rough ride, some funds have managed to post gains for the three years through April. Generally, they have been funds that can buy non-REIT companies or the non-equity securities of REITs. Connect Welcome to the Lowedown with me, Ashley Lowe McConnell, head of audience development for Professional Buyer. I'm bringing you a quick-fire Q&A with one of the many gatekeepers I've been meeting with across the country. Enjoy! ETFS Steve Munroe has stepped into a new CMO role at ProShares after departing Global X in April in the midst of a flow of high turnover and upheaval at the ETF shop. Private Assets The JPM CEO cautioned that there were likely to be problems in some parts of the private credit market, which could particularly impact retail investors, who may not understand the liquidity and lockup period of these funds. Most Popular The Securities and Exchange Commission approved the applications from several firms late Thursday. Publications References

Global X: Inside the upheaval at a $56bn ETF shop (1) Global X: Inside the upheaval at a $56bn ETF shop (2)

JAMES KING, PRO BUYER

Editor’s Picks

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Global X May 02, 2024

The AUM may be high, but so is employee turnover. Here’s why.

Global X: Inside the upheaval at a $56bn ETF shop (3)

By Eva Thomas

Global X: Inside the upheaval at a $56bn ETF shop (4)

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In the space of six months, seven members of Global X ETFs’ leadership team have left the firm.

These exits began with chief executive Luis Berruga leaving in November of last year, and include the CFO, the CIO, andCMO.

The departures have not gone unnoticed. As Citywire reported earlier this month, gatekeepers at Bank of America Merrill Lynch, US Bank and PNC are reviewing products run by the ETF shop amid the turnover. Morningstar director of passive strategies research Bryan Armour has described the growing list of departures as ‘cause for concern.’ Other media outlets have also raised alarm bells about what is going on at the firm, with one headline stating that the departures ‘raise questions over the future’ of the company.

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Related News

Merrill gatekeepers downgrade Global X models amid upheaval at ETF shop Latest exec to depart Global X leaves after one month in CMO role JPM taps former Global X CIO as new ETF chief strategist Global X hires new CEO from Goldman after personnel shake-up More execs to depart Global X ETFs as CIO Jon Maier plans to exit firm Global X ETFs to liquidate 19 index funds as inflows slow $39bn Global X replaces CEO Global X COO departs firm a week after CEO

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Global X: Inside the upheaval at a $56bn ETF shop (7) Global X: Inside the upheaval at a $56bn ETF shop (8)

JAMES KING, PRO BUYER

Editor’s Picks

Gatekeeper Views

12 gatekeepers share their top PM searches

Gatekeeper Moves

Russell shuffles subadvisors; gatekeeper to exit

revenue sharing

Asset managers paid Ameriprise $337m in revenue-sharing fees in 2023

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Gatekeeper Views

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Get the latest news in your inbox

By clicking Sign up you agree to our .
Our privacy policy is available to read at any time here.

Opinion & Analysis

Global X: Inside the upheaval at a $56bn ETF shop (9)

Fund analysis Story By John Coumarianos

The best and worst Real Estate funds

Despite real estate’s rough ride, some funds have managed to post gains for the three years through April. Generally, they have been funds that can buy non-REIT companies or the non-equity securities of REITs.

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Global X: Inside the upheaval at a $56bn ETF shop (10)

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ETFS

Global X: Inside the upheaval at a $56bn ETF shop (11)

executive changes Story By Eva Thomas

Former Global X exec lands at $70bn ETF shop

Steve Munroe has stepped into a new CMO role at ProShares after departing Global X in April in the midst of a flow of high turnover and upheaval at the ETF shop.

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Private credit Story By Alex Steger

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Global X: Inside the upheaval at a $56bn ETF shop (2024)

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