Global X unveils a real estate tech focused ETF
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Global X bolstered its thematic exchange-traded fund lineup as the issuer created a fund in which investors can access the real estate technology market.
Global X unveiled the Global X PropTech ETF (NASDAQ:PTEC) which aims to deliver exposure to companies that are positioned to benefit from technology that optimizes the way people buy, sell, rent, design, construct, manage, and research/market residential and commercial properties. 
According to the ETF issuer, forecasts propose that the worldwide property technology market could increase to $94B by 2030, which would be a 3X increase from 2022.
The issuer stated: âWe believe the convergence of new technologies and emerging demographic trends make the sector ripe for disruption.â
Moreover, the newly launched ETF has a total expense ratio of 0.50%, and has 36 holdings to its name. PTECâs top four holdings cumulatively represent 30.25% of the fund and are led by KE Holdings (NYSE:BEKE) at 7.96%. Following BEKE is CoStar Group, Inc. (NASDAQ:CSGP), Black Knight (BKI), and Airbnb (NASDAQ:ABNB) at 7.59%, 7.42%, and 7.28%, respectively.
From an exposure standpoint, PTEC also offers global exposure to eight different nations. While the U.S. represents 63.26% of the fund, it also delivers access to companies based in Denmark, China, Australia, Great Britain, Switzerland, Sweden, and Singapore.
In other exchange-traded fund news, financial participants injected cash into the fund space for the seventh consecutive week.