NEW YORK, March 30, 2011 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds (ETFs), announced today that its Board of Trustees has approved a 2 for 1 split of the shares of the Global X FTSE Colombia 20 ETF GXG. GXG's closing price on Monday, March 28, was $40.25.
This split will take place for shareholders of record as of the close of business on April 8, 2011, and will be payable after the close of trading on April 11, 2011. Fund shares will begin trading on a split-adjusted basis on April 12, 2011. Shareholders will see the change in their holdings sometime after that date, depending upon their brokerage firm's procedures.
The 2-for-1 split will lower the share price of the Fund and increase the number of shares outstanding. The total value of shares outstanding is not affected by a split.
Hypothetical example of 2-for-1 split:
Period | Number of Shares | Hypothetical Market | Total Value ($U.S.) | |
Pre-split | 100 | $40 | $4,000 | |
Post-split | 200 | $20 | $4,000 | |
Global X FTSE Colombia 20 ETF, the largest and most liquid ETF focused exclusively on Colombia, offers investors convenient one-trade access to a basket of the largest and most liquid Colombian stocks.
ABOUT GLOBAL X FUNDS
Global X Funds is a New York-based provider of exchange-traded funds (ETFs) that facilitates access to investment opportunities across the global markets. With over $1.5 billion in managed assets as of March 1, 2011, it is one of the fastest growing ETF providers in the world with a focus on Global Commodities, Developed and Emerging Markets fund suites. For more information, please visit www.globalxfunds.com.
DISCLOSURE
Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' prospectuses, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.
Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.
FTSE Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by FTSE, nor does this company make any representations
SOURCE Global X Funds
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
