The team at a $729.5-billion-AUM*, Korean multinational's $70-billion-AUM** U.S. ETF subsidiary are rolling out their 102nd ETF, this time with a focus on a particular slice of the fossil fuel industry.

In late October, Pedro Palandrani, head of product research & development at Mirae's Global X Management Company LLC, and Scott Helfstein, head of investment strategy at Global X, unveiled the launch of the Global X U.S. Natural Gas ETF (LNGX on the NYSE Arca). New York City-based Global X serves as administrator, index provider, and investment advisor to the new fund.

LNGX's inception date was October 28. The new ETF comes with an expense ratio of 45 basis points, and it now has about $1.44 million in AUM***.

Three Global X PMs —: Nam To, Wayne Xie, and Vanessa Yang — run LNGX. The new fund is designed to track the Global X. U.S. Natural Gas Index.

Palandrani describes LNGX as "a fund offering pure-play exposure to the natural gas value chain as a focused segment of the broader U.S. oil and gas industry." Helfstein puts the ETF's launch in the context of "trade dynamics ... driving policy changes" that might boost "global reliance on U.S. LNG exports for years to come."

"We believe that natural gas remains an essential way to meet baseload power demand, including incremental needs from data centers, while complementing renewables," Helfstein states.

LNGX is a passively managed, non-diversified series of Global X Funds. The new ETF's other service providers include:

the Bank of New York Mellon (BNY Mellon) as securities lending agent;

Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent;

Mirae Asset Global Indices Pvt. Ltd. as index administrator;

Mitsubishi UFJ Trust and Banking Corporation as securities lending agent;

PricewaterhouseCoopers LLP as independent accounting firm;

SEI Investments Distribution Co. as distributor;

SEI Investments Global Funds Services as sub-administrator; and

Stradley Ronon Stevens & Young LLP as counsel.

*As of June 30, 2025.

**As of September 30, 2025.

***As of yesterday (November 10, 2025). 

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