By Michael Johnston:Global X announced today the launch of the Permanent ETF (PERM), a new fund that will offer one stop exposure to a number of core asset classes. The new ETF will be linked to the Solactive Permanent Index, a benchmark that includes three major asset classes: stocks, Treasuries, and precious metals. Each of those broad categories includes multiple layers; the equity component includes both domestic and international stocks, while the Treasuries allocation is split evenly between long-term and short-term securities. The precious metals allocation includes both gold and silver.
At each rebalance, the underlying index will allocate 25% to each of stocks, short-term Treasuries, long-term Treasuries, and precious metals. The rough breakdown by asset class for PERM will be as follows:
| Asset | Weight |
|---|
| Physical Gold | 20% |
| Physical Silver | 5% |
| Long-Term Treasuries | 25% |
| Short-Term Treasuries | 25% |
| Large Cap U.S. Stocks | 9% |
| Small Cap U.S. Stocks | 3% |
| International Stocks | 3% |
| Natural Resources |
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