Global X PureCap MSCI Information Technology ETF

GXPT

Market cap $111M

Cisco surged on strong AI demand and upbeat guidance, boosting Cisco-heavy ETFs as AI infrastructure orders topped expectations.

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.