In a feel good story about the ETF industry, Global X Management Company, LLC, the fund advisor for the recently launched Global X Food ETF (EATX), announced that it would be donating any profits that it derives from EATX to Action Against Hunger. The organization, also known as ACF International, is a global humanitarian group that seeks to end world hunger. Their programs have helped more than five million people in over 40 countries around the world while especially focusing on combating child malnutrition across the developing world. The move by Global X Management to pair giving to a hunger organization with its food ETF is an interesting one, as many of the companies in the index are among the biggest producers or sellers of food in the world. In a way, it is akin to making sure that everyone benefits from a surge in prices for food stocks; both investors and those in the [...] Click here to read the original article on ETFdb.com. Related Posts: Global X Debuts Global Food ETF (EATX)