Global X PureCap MSCI Consumer Staples ETF

GXPS

Market cap $35.6M

Walmart Inc. (WMT) CEO Doug McMillon will retire at the end of January after nearly 12 years leading the nation's largest retailer, according to a company filing released Friday. John Furner, currently Walmart's U.S. CEO, will take over as head of the company on February 1, according to the filing.

Concerns about market concentration across key equity benchmarks, as the biggest companies get bigger and bigger, has led many investors to seek diversification. Global X Funds, however, is leaning in.

The new suite of ETFs seeks to deliver true market capitalization exposure across five key sectors, addressing rising market concentration trends NEW YORK , July 23, 2025 /PRNewswire/ -- Global X Management Company LLC ("Global X"), the New York-based provider of exchange-traded funds (ETFs), today announced the launch of its PureCapSM Suite, a new collection of five sector ETFs providing uncapped, pure market capitalization weighted exposure across the consumer discretionary, communication services, information technology, consumer staples and energy sectors.  The launch reflects heightened investor demand for refined sector allocation solutions, driven by growing concentration within five sectors which can impact funds due to regulatory weighting limits.