Bringing you live news and features since 2006 

Global X Funds makes changes to S&P/TSX Venture 30 Canada ETF

RELATED TOPICS​

Global X Funds, the New York based provider of exchange traded funds, is changing the index, name, ticker, expense ratio and investment objective of the Global X S&P/TSX Venture 30 Canada ETF.

Currently the fund is mostly comprised of small-capitalisation companies based in Canada that operate within the mining and energy sectors. Upon implementation of the change, the fund’s new objective will be to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Junior Miners Index. The Solactive Junior Miners Index is designed to track the market performance of small-capitalisation mining companies globally, and therefore the geographic scope of the fund will expand accordingly.  The fund intends to focus its investments on small-capitalisation mining companies including those engaged in mining, producing, smelting, and/or refining materials including but not limited to gold, silver, copper, aluminium, titanium and nickel. 

Fund shareholders are not required to take any action as a result of this announcement. The changes will take effect on or around 3 September, 2012.“

The change positions the fund as the first global junior mining ETF across metals," says Bruno del Ama (pictured), CEO of Global X Funds.

The fund also expects to gain certain cost efficiencies associated with the change in investment objective, and upon implementation of the change the total annual expense ratio of the fund will be reduced from 0.75% to 0.69%.
 

Latest News

Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..
Trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms reveals that the Tradeweb European ETF marketplace reached..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by