NEW YORK, Aug. 26, 2016 /PRNewswire/ -- Global X Funds,
the New York based provider of exchange traded funds
(ETFs), has announced that on or around the close of trading on
August 31, 2016, the Global X MSCI
Colombia ETF (NYSE Arca: GXG) will begin tracking the MSCI All
Colombia Select 25/50 Index. The MSCI All Colombia Select
25/50 Index applies additional liquidity screens on the MSCI All
Colombia Index, which is designed to represent the performance of
the broad Colombia equity
universe. GXG is the largest Colombia-focused ETF in the United States, with over $80 million in assets under management[1] and
will retain its name. Information regarding the index can be found
at www.msci.com.
|
Current
|
New
|
|
ETF
Name
|
Global X MSCI
Colombia ETF
|
Global X MSCI
Colombia ETF
|
|
Index
|
MSCI All Colombia
Capped Index
|
MSCI All Colombia
Select 25/50 Index
|
|
Index
Components
|
28
|
22*
|
|
Index
Description
|
The MSCI All Colombia
Capped Index is designed to represent the performance of the broad
Colombia equity universe, while including a minimum number of
constituents. The broad Colombia equity universe includes
securities that are classified in Colombia according to the MSCI
Global Investable Market Index Methodology, together with companies
that are headquartered or listed in Colombia and carry out the
majority of their operations in Colombia.
|
The MSCI All Colombia
Select 25/50 Index applies additional liquidity screens on the MSCI
All Colombia Index, which is designed to represent the performance
of the broad Colombia equity universe. The broad Colombia equity
universe includes securities that are classified in Colombia
according to the MSCI Global Investable Market Index Methodology,
together with companies that are headquartered or listed in
Colombia and carry out the majority of their operations in
Colombia. A specific capping methodology is applied to facilitate
compliance with the rules governing the listing of financial
products on exchanges in the United States.
|
[1] Source: ETF.com, as of 8/15/2016
* Index constituents for the MSCI All Colombia Select 25/50
Index are as of July 29, 2016. The
number of index constituents may change by the effective date (on
or around August 31, 2016).
ABOUT GLOBAL X
Seeking to provide access to high-quality and cost-efficient
investment solutions, Global X is a New
York-based sponsor of exchange-traded funds (ETFs).
Founded in 2008, we are distinguished by our smart core, income,
alpha, risk management and access suites of ETFs and have more than
50 funds available across U.S. and foreign exchanges. Global X is
recognized as a leader in developing intelligent investment
solutions for our clients.
DISCLOSURE
Investing involves risk, including possible loss of principal.
International investments may involve risk of capital loss from
unfavorable fluctuation 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 maybe 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.
Shares are bought and sold at market price (not NAV) and are not
individually redeemed from the Fund. Brokerage commissions
will reduce returns. Global X NAVs are calculated using
prices as of 4:00 PM Eastern Time.
The closing price is the Mid-Point between the Bid and Ask price as
of the close of exchange.
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SOURCE Global X Funds