Global X Funds Announces Launch of MSCI SuperDividend® EAFE ETF
NEW YORK, Nov. 15, 2016 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X MSCI SuperDividend EAFE ETF (NASDAQ: EFAS), tracking the MSCI EAFE Top 50 Dividend Index. Today's launch is the eleventh in Global X's suite of income-producing ETFs, and the seventh in its SuperDividend suite.
Global X's suite of SuperDividend ETFs hold among the highest-yielding securities across a variety of geographies and asset classes including stocks in the US, globally, and emerging markets, and REITs, preferreds, and alternatives. EAFE, referring to Europe, Australia, and Far East, will further expand investors' reach to developed international markets. As with other funds in the SuperDividend suite, EFAS will offer distributions monthly.
"Amidst a persistently low interest rate environment, investors are continually searching for sources of income," said Jay Jacobs, director of research of Global X. "We see tremendous value in the high dividend segment of developed international markets and we're proud to offer investors EFAS, which provides efficient exposure to these equities. We see additional value in investors utilizing the fund to help diversify their geographic, currency and interest rate exposures."
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 the 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. High yielding stocks are often speculative, high risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund`s performance.
EFAS is non-diversified, which represents a heightened risk to investors. Furthermore, EFAS invests in small and mid-capitalization companies, which pose greater risks than large companies. Because the Fund's NAV is determined in U.S. dollars, the foreign issuers (including investments in ADRs and GDRs) are subject to the risks associated with investing in those foreign markets, such as heightened risks of inflation or nationalization. EFAS may be exposed to the risks of leverage, which may be considered a speculative investment technique.
Leverage magnifies the potential for gain and loss on amounts invested and therefore increases the risks associated with investing in EFAS. High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.
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.
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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