NEW YORK, June 21, 2012 /PRNewswire/ -- Global X
Funds, the New York based provider
of exchange traded funds, today announced it is changing the index,
name, ticker, expense ratio and investment objective of the Global
X S&P/TSX Venture 30 Canada ETF (Ticker: TSXV).
(Logo: http://photos.prnewswire.com/prnh/20110505/NY96572LOGO
)
Currently the fund is mostly comprised of small-capitalization
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-capitalization mining
companies globally, and therefore the geographic scope of the fund
will expand accordingly. The fund intends to focus its
investments on small-capitalization mining companies including
those engaged in mining, producing, smelting, and/or refining
materials including but not limited to gold, silver, copper,
aluminum, 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 September 3, 2012, and are
generally summarized below.
|
Current
|
New
|
|
ETF
Name
|
Global X
S&P/TSX Venture 30 Canada ETF
|
Global X
Junior Miners ETF
|
|
Index
|
S&P/TSX Venture 30 Index
|
Solactive
Junior Miners Index
|
|
Ticker
|
TSXV
|
JUNR
|
|
Exchange
|
NYSE
Arca
|
NYSE
Arca
|
|
Index Components
|
30
|
100
|
|
Expense Ratio
|
0.75%
|
0.69%
|
"The change positions the fund as the first global junior mining
ETF across metals," said Bruno del
Ama, 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%.
ABOUT GLOBAL X FUNDS
Global X Funds is a New
York-based provider of exchange-traded funds that
facilitates access to investment opportunities across the global
markets. With $1.3 billion in managed
assets and over 100,000 investors from more than 100 countries as
of May 1, 2012, Global X Funds
currently offers exchange-traded funds that target Commodity
Producers, International, Domestic, Alternatives, Industry, Income,
and Asset Allocation fund suites. For more information, please
visit www.globalxfunds.com
DISCLOSURE
Investing involves risk, including the possible loss of
principal. International investing may involve risk of capital loss
from unfavorable fluctuations in currency values, from differences
in generally accepted accounting principles, or from economic or
political instability in other nations. Narrowly focused
investments may be subject to higher volatility.
Carefully consider the Funds' investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Funds' prospectus, which may be
obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by
visiting www.globalxfunds.com. Read the prospectus carefully before
investing.
Global X Management Company, LLC serves as an advisor to the
Global X Funds. The Funds are distributed by SEI Investments
Distribution Co., which is not affiliated with Global X Management
Company or any of its affiliates.
Structured Solutions AG and S&P Indexes have been licensed
for use by Global X Management Company, LLC. Global X Funds are not
sponsored, endorsed, issued, sold, or promoted by Structured
Solutions AG nor S&P, nor do these companies make any
representations regarding the advisability of investing in the
Global X Funds.
SOURCE Global X Funds