NEW YORK, Aug. 26, 2016 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds (ETFs), has announced that on or around the close of trading on August 31, 2016, the Global X MSCI Colombia ETF (NYSE Arca: GXG) will begin tracking the MSCI All Colombia Select 25/50 Index. The MSCI All Colombia Select 25/50 Index applies additional liquidity screens on the MSCI All Colombia Index, which is designed to represent the performance of the broad Colombia equity universe. GXG is the largest Colombia-focused ETF in the United States, with over $80 million in assets under management[1] and will retain its name. Information regarding the index can be found at www.msci.com.
| Current |
New |
|
| ETF Name |
Global X MSCI Colombia ETF |
Global X MSCI Colombia ETF |
| Index |
MSCI All Colombia Capped Index |
MSCI All Colombia Select 25/50 Index |
| Index Components |
28 |
22* |
| Index Description |
The MSCI All Colombia Capped Index is designed to represent the performance of the broad Colombia equity universe, while including a minimum number of constituents. The broad Colombia equity universe includes securities that are classified in Colombia according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Colombia and carry out the majority of their operations in Colombia. |
The MSCI All Colombia Select 25/50 Index applies additional liquidity screens on the MSCI All Colombia Index, which is designed to represent the performance of the broad Colombia equity universe. The broad Colombia equity universe includes securities that are classified in Colombia according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Colombia and carry out the majority of their operations in Colombia. A specific capping methodology is applied to facilitate compliance with the rules governing the listing of financial products on exchanges in the United States. |
[1] Source: ETF.com, as of 8/15/2016
* Index constituents for the MSCI All Colombia Select 25/50 Index are as of July 29, 2016. The number of index constituents may change by the effective date (on or around August 31, 2016).
ABOUT GLOBAL X
Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds (ETFs). Founded in 2008, we are distinguished by our smart core, income, alpha, risk management and access suites of ETFs and have more than 50 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions for our clients.
DISCLOSURE
Investing involves risk, including possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation 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. Securities focusing on a single country maybe 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.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange.
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SOURCE Global X Funds
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