Global X Funds Announces Changes to Its China Technology ETF

NEW YORK, Nov. 21, 2011 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds, today announced it is changing the index, name, ticker and primary listing exchange of the Global X China Technology ETF (Ticker: CHIB). These changes will provide investors with an ETF that seeks the investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ OMX China Technology Index. The new name and ticker of the fund will be the Global X NASDAQ China Technology ETF (Ticker: QQQC) trading on the NASDAQ.

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Fund shareholders are not required to take any action as a result of this announcement. The changes will take effect on or around December 15, 2011, and are generally summarized below.

"We are pleased to be pairing with NASDAQ OMX, a recognized leader in the development of technology indexes, to reintroduce this product into the market," said Bruno del Ama, CEO of Global X Funds.

The NASDAQ OMX China Technology Index is designed to track the performance of the technology sector in China. It is made up of securities of companies which have their main business operations in the technology sector and generally includes companies whose businesses involve: computer services; internet; software; computer hardware; electronic office equipment; semiconductors; and telecommunications equipment. Only securities which are tradable for foreign investors without restrictions are eligible, such as Shanghai and Shenzhen B-shares, Hong Kong listed securities incorporated in main land China (H-shares) or with main business operations in China (Red chips), and Chinese ADRs. The stocks are screened for liquidity and weighted according to float adjusted modified market-capitalization. The index is maintained by NASDAQ OMX.

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 $1.4 billion in managed assets and over 100,000 investors from more than 100 countries as of October 28, 2011, Global X Funds currently offers exchange-traded funds that target Europe, Emerging Markets, Commodity Producers, Income Producers and Special Opportunities 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. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in Asian markets involve risks not typically associated with investments in securities of issuers in more developed countries that may negatively affect the value of your investment in the Fund. Investments in securities in the Technology sector are subject to rapid changes in technology product cycles; rapid product obsolescence; government regulation; and increased competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Small- and mid-capitalization companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. Securities focusing on a single country and narrowly focused investments may be subject to higher volatility.

Carefully consider the Global X Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Global X 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 investment adviser to the Global X Funds. The Global X 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 NASDAQ 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 or NASDAQ, nor do these companies make any representations regarding the advisability of investing in the Global X Funds.

Index data source: Structured Solutions AG, NASDAQ.   Index components subject to change.

SOURCE Global X Funds