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Global X ETFs To Liquidate 19 ETFs

PR Newswire
·4-min read

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:

(PRNewsfoto/Global X Management Company LLC)
(PRNewsfoto/Global X Management Company LLC)

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

 

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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

Cision
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SOURCE Global X Management Company LLC