Global X Funds Announces Changes to Its S&P/TSX Venture 30 Canada ETF

Date : 06/21/2012 @ 3:50PM
Source : PR Newswire (US)

Global X Funds Announces Changes to Its S&P/TSX Venture 30 Canada ETF

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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

Copyright 2012 PR Newswire

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