NEW
YORK, Jan. 19, 2024 /PRNewswire/ -- Global
X ETFs, the New York-based
provider of exchange-traded funds, today announced the scheduled
liquidation of the following ETFs (the "Funds"), based on an
ongoing review process of its product lineup to ensure it meets the
evolving needs of its clients. The Funds scheduled for liquidation
include:
Fund
|
Ticker
|
CUSIP
|
Global X Cannabis
ETF
|
POTX
|
37954Y145
|
Global X Carbon Credits
Strategy ETF
|
NTRL
|
37960A586
|
Global X China Biotech
Innovation ETF
|
CHB
|
37954Y251
|
Global X Green Building
ETF
|
GRNR
|
37960A842
|
Global X Health &
Wellness ETF
|
BFIT
|
37954Y798
|
Global X Metaverse
ETF
|
VR
|
37960A834
|
Global X MSCI China
Communication Services ETF
|
CHIC
|
37950E804
|
Global X MSCI China
Consumer Staples ETF
|
CHIS
|
37954Y558
|
Global X MSCI China
Energy ETF
|
CHIE
|
37950E507
|
Global X MSCI China
Financials ETF
|
CHIX
|
37950E606
|
Global X MSCI China
Health Care ETF
|
CHIH
|
37954Y541
|
Global X MSCI China
Industrials ETF
|
CHII
|
37950E705
|
Global X MSCI China
Information Technology ETF
|
CHIK
|
37954Y533
|
Global X MSCI China
Materials ETF
|
CHIM
|
37950E242
|
Global X MSCI China
Real Estate ETF
|
CHIR
|
37960A685
|
Global X MSCI China
Utilities ETF
|
CHIU
|
37954Y517
|
Global X MSCI Next
Emerging & Frontier ETF
|
EMFM
|
37950E218
|
Global X MSCI Pakistan
ETF
|
PAK
|
37954Y335
|
Global X MSCI Portugal
ETF
|
PGAL
|
37950E192
|
Based upon the recommendation of Global X Management Company
LLC, the Global X Funds' adviser, the Board of Trustees determined
on January 19, 2024 that it was in
the best interests of the Funds and their shareholders to liquidate
each of the Funds. The Funds represent less than 1% of the assets
of Global X ETFs.
Shareholders may sell their holdings in the Funds prior to the
end of the trading day on Friday, February
16, 2024, and customary brokerage charges may apply to these
transactions. The Funds will cease trading at the end of the
trading day on Friday, February 16,
2024. The Funds are expected to liquidate on or around
Friday, February 23, 2024. 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 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.
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our
mission has been empowering investors with unexplored and
intelligent solutions. Our product lineup features over
$40 billion in assets under
management.i While we are widely recognized for our
Thematic Growth, Income, Commodity and International Access ETFs,
we also offer Core, Risk Management, and other solutions to suit a
range of investment objectives. Explore our ETFs, research and
insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global
leader in financial services, with more than $550 billion in assets under management
worldwide.ii Mirae Asset has an extensive global ETF
platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong
Kong, India, Japan, Korea, and Vietnam with over $80bn in assets under
management.iii
Important Information
Investing involves risk, including the possible loss of
principal. The investable universe of companies in which the Funds
invest may be limited. Narrowly focused investments will be more
susceptible to factors affecting that sector and subject to more
volatility. International investments may involve risk of capital
loss from unfavorable fluctuation in currency values, from
differences in generally accepted accounting principles or from
social, 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.
Shares of ETFs are bought and sold at market price (not NAV) and
are not individually redeemed from the Fund. Brokerage commissions
will reduce returns.
Carefully consider the funds' investment objectives,
risks, and charges and expenses. This and other information can be
found in the fund's full or summary prospectuses, which may be
obtained at globalxetfs.com. Please read the prospectus carefully
before investing.
Global X Management Company LLC serves as an advisor to Global X
Funds. The Funds are distributed by SEI Investments Distribution
Co. (SIDCO), which is not affiliated with Global X Management
Company LLC or Mirae Asset Global Investments.
i Source: Global X, as of January 2024
ii Mirae Asset, as of December 2023
iii Mirae Asset, as of December 2023
Media Contact: Naomi Sussis,
nsussis@globalxetfs.com
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SOURCE Global X Management Company LLC