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Global X expands portfolio management team

By Keith Ford
2 minute read

Global X ETFs has announced the appointment of a new portfolio manager to its growing Australian team.

Jessica Leung has joined Global X in a newly created portfolio manager role. Global X said she will be responsible for fund management, product development and will lead projects to enhance systems and processes.

Ms Leung has nine years of experience in the financial services industry, including as assistant portfolio manager at Betashares where she specialised in responsibly and ethically invested funds. She has also held roles in portfolio management and investment risk management at Macquarie Group.

Global X chief executive for Australia, Evan Metcalf, said: “We are thrilled to have Jessica on the Global X team and be a part of our ongoing growth story in Australia.

“Jessica’s in-depth understanding of the local ETF and responsible investing landscapes will be instrumental in enhancing our portfolio management capabilities and ultimately, our end client offering.  

“Expanding our team with experienced staff who also contribute to our company culture is a priority for us, particularly as we have already launched five ETFs this year and have a number of exciting plans in the pipeline for 2023.”

Ms Leung joined Global X in February and said it was the perfect time to join the business.

“I’m passionate about ETFs because they have the power to bring real world investment opportunities to many different types of investors — particularly to those where traditional investment vehicles may not be accessible,” Leung said.

“Global X has a focus on research and investor education which is beyond the basics, so paired with my love for promoting financial literacy, I believe we can make a meaningful difference to Australian investors.”

Last week, Global X launched a new Australian equity ETF, the Australia ex Financial & Resources ETF (ASX: OZXX), on the ASX.

The new fund invests in Australia’s top 100 companies but excludes those in the financial sector — including REITs — energy, and mining. With a management fee of 0.25 per cent per annum, the fund tracks the Solactive Australia Ex Financials Materials and Energy Capped Index.