Global X ETFs Announces Launch of Global X 1-3 Month T-Bill UCITS ETF

Global X ETFs today announced the launch on London Stock Exchange and Deutsche Börse Xetra of the Global X 1-3 Month T-Bill UCITS ETF (CLIP LN), an interest-bearing alternative to cash which invests in a basket of U.S. Treasury bills with maturities of between one and three months.

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Rob Oliver, Head of Business Development, Europe Global X

The fund is the latest addition to Global X’s growing suite of Income products offered to European investors.

Treasury bills are now offering over five percent annualized yield in an inverted yield curve environment, and investors are bracing for the possibility of higher rates for longer. Many are seeking tax-efficient, fixed income-based solutions to help them take advantage of these elevated rates as they continue to monitor central banks and equity markets for next moves. By investing in short-term U.S. Treasury bills, CLIP LN offers an interest-bearing alternative to cash, with potentially lower credit and interest rate risk relative to other fixed income options.

“In a higher-for-longer environment, short-term treasuries look well positioned to tackle market uncertainties as a compelling cash alternative,” said Rob Oliver, Head of Business Development for Global X ETFs in Europe. “By offering this fund to European investors, Global X is reaffirming our commitment to the region and to our growing suite of innovative income-generating products.”

The Global X 1-3 Month T-Bill UCITS ETF (CLIP LN) seeks to provide investment results that correspond generally to the price of the Solactive 1-3 month US T-Bill Index. The fund carries an expense ratio of 0.07%.

Source : ETFWorld.co.uk