|By PR Newswire||
|September 21, 2012 07:30 PM EDT||
NEW YORK, Sept. 21, 2012 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced the scheduled liquidation of the following Global X Funds ETFs:
- Global X Aluminum ETF (NYSE: ALUM)
- Global X Auto ETF (NYSE: VROM)
- Global X NASDAQ 500 ETF (NASDAQ: QQQV)
- Global X NASDAQ 400 Mid Cap ETF (NASDAQ: QQQM)
The Funds combined represent less than 1% of the assets of the Global X Funds. The Board of Trustees of Global X Funds unanimously determined on September 20, 2012 that it was in the best interests of the Funds and their shareholders to liquidate each of the Funds.
The Funds will cease trading at the end of the trading day on October 18, 2012 and will liquidate on October 26, 2012. Any person holding shares in the Funds as of the liquidation date of October 26, 2012 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 expenses.
For additional information about the liquidation, shareholders of the Funds may call 1-888-GX-FUND-1 (1.888.493.8631).
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 $1.45 billion in managed assets and over 100,000 investors from more than 100 countries as of September 19, 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.
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 the adviser 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.
SOURCE Global X Funds