Bringing you live news and features since 2006 

four fingers

Global X Funds to liquidate four ETFs

RELATED TOPICS​

Global X Funds, the New York-based exchange-traded fund manager, has announced the scheduled liquidation of four ETFs.

The funds in question are:     

• 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 11 September, 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 per cent 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 8 October, 2015 and customary brokerage charges may apply to these transactions. The Funds will cease trading at the end of the trading day on 8 October, 2015, no new creation units will be sold for any Fund after that time, and each Fund will liquidate on or around 22 October, 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.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
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