Global X ETFs To Liquidate Three ETFs
17 Settembre 2021 - 10:31PM
Global X ETFs, the New York-based provider of exchange-traded
funds, today announced the scheduled liquidation of three 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 TargetIncome® 5 ETF |
TFIV |
37954Y582 |
Global X TargetIncome® Plus 2 ETF |
TFLT |
37954Y590 |
Global X MSCI China Large-Cap 50 ETF |
CHIL |
37954Y566 |
Based upon the recommendation of Global X Management Company
LLC, the Trust's adviser, the Board of Trustees determined on
September 17, 2021 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, October 15, 2021], and customary
brokerage charges may apply to these transactions. The Funds will
cease trading at the end of the trading day on Friday, October 15,
2021. The Funds will liquidate on or around Friday, October 22,
2021. 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.
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 more than 90 ETF
strategies and over $35 billion in assets under management.i While
we are distinguished for our Thematic Growth, Income and
International Access ETFs, we also offer Core, Commodity, and Alpha
funds to suit a wide 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. Mirae Asset has an extensive global ETF
platform ranging across the US, Brazil, Canada, Colombia, Europe,
Hong Kong, India, Japan, Korea, and Vietnam with over $60bn in
assets under management.ii
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.
The Funds are non-diversified.
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 9/10/21.ii Source: Mirae Asset, as of
March 2021.
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