Market Overview

Global X Funds To Liquidate 4 ETFs

Share:

NEW YORK, Sept. 15, 2015 /PRNewswire/ -- Global X Funds, the New York-based exchange-traded funds, today announced the scheduled liquidation of the following four funds ("Funds"):

  • Global X Brazil Financials ETF (NYSE: BRAF)
  • Global X Central Asia & Mongolia Index ETF (NYSE: AZIA)
  • Global X Guru Small Cap Index ETF (GURX)
  • Global X Junior Miners ETF (JUNR)

Based upon the recommendation of Global X Management Company LLC, the Trust's adviser, the Board of Trustees of Global X Funds unanimously determined on September 11, 2015 that it was in the best interests of the Funds and their shareholders to liquidate each of the Funds. The Funds, combined, represent less than 1% of the assets of the Global X Funds.

Shareholders may sell their holdings in each Fund prior to the end of the trading day on October 8, 2015 and customary brokerage charges may apply to these transactions. The Funds will cease trading at the end of the trading day on October 8, 2015, no new creation units will be sold for any Fund after that time, and each Fund will liquidate on or around October 22, 2015.  Any person holding shares in the Funds as of the liquidation date will receive a cash distribution equal to the net asset value of their shares as of that date.  Global X Management Company LLC, the adviser to the Funds, will bear all fees and expenses that may be incurred in connection with the liquidation of the Funds and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.

For additional information about the liquidation, shareholders of the Funds may call 1-888-GX-FUND-1 (1.888.493.8631).

ABOUT GLOBAL X

Global X is a New York-based sponsor of exchange-traded funds (ETFs) and seeks to provide access to high quality and cost efficient investment solutions. Founded in 2008, Global X is recognized for its smart core, income, alpha, risk management and access suites of ETFs. With over 40 funds available across U.S. and foreign exchanges, Global X is one of the fastest growing, most nimble issuers of ETFs.  For more information about these ETFs, 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. Narrowly focused investments 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' prospectus, 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-x-funds-to-liquidate-4-etfs-300143637.html

SOURCE Global X Management Company

View Comments and Join the Discussion!
 
Lightning Fast
Market News Service
$199 Free 14 Day Trial