NEW YORK, Nov. 26, 2013 /PRNewswire/ -- Global X
Funds, the New York-based provider
of exchange-traded funds (ETFs), announced it is listing today
three ETFs on Bolsa de Valores de Colombia, the Colombian stock exchange. This
marks the first time that a foreign ETF is listed on the Colombian
exchange.
(Logo:
http://photos.prnewswire.com/prnh/20120927/NY82509LOGO)
The three ETFs are the Global X FTSE Colombia 20 ETF (NYSE Arca:
GXG), the Global X Guru Index ETF (NYSE Arca: GURU), and the Global
X SuperDividend™ ETF (NYSE: SDIV). GXG is one of six Latin America-based ETFs from Global X Funds
and was the first to offer investors access to the Colombian
markets. GURU, which aims to provide access to investment ideas
generated by some of the top hedge funds, surpassed $100 million in August and has since reached
close to $300 million in assets.
SDIV, with close to $800 million in
assets, tracks the highest dividend-paying equity securities across
global markets.
"This is yet another exciting innovation for Global X Funds,"
said Bruno del Ama, chief executive
officer. "After extensive work with Colombian regulators and the
Colombian stock exchange, we are proud to be the first foreign
issuer to bring ETFs to Colombian investors."
Jose C. Gonzalez, Chief Operating
Officer of Global X Funds, announced the news this morning at an
event in Bogota. He was joined by
the President of the Bolsa de Valores de Colombia and the President of Serfinco, a
leading Colombian broker-dealer who is acting as local agent along
with Deutsche Bank AG, New York,
as foreign depository.
"In addition to expanding our footprint abroad through
innovative products, such as the recently launched Next Emerging
& Frontier ETF (NYSE Arca: EMFM) and FTSE Portugal 20 ETF (NYSE
Arca: PGAL), we are committed to broadening the accessibility of
ETF products in growing regions around the world," said Mr.
Gonzalez at the event. Global X Funds also has several ETFs listed
on Bolsa Mexicana de Valores, the Mexican stock exchange.
ABOUT GLOBAL X FUNDS
Global X is a New York-based sponsor of exchange-traded
funds that facilitates access to investment opportunities across
the global markets. With $2.5 billion
in managed assets and over 100,000 investors from more than 100
countries as of October 31, 2013,
Global X offers exchange-traded funds that target Income,
International, Commodity Producers, Industry, and Alternative fund
suites. For more information about these exchanged traded funds,
please visit www.globalxfunds.com.
DISCLOSURE
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, LLC.
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. The economies of
Europe are highly dependent on
each other, both as key trading partners and as in many cases as
fellow members maintaining the euro. Reduction in trading activity
among European countries may cause an adverse impact on each
nation's individual economies. The European financial markets have
recently experienced volatility and adverse trends due to concerns
about rising government debt levels, ability to service debt, and
potential for defaults of several European countries, including
Greece, Spain, Ireland, Italy and Portugal. Securities focusing on a single
country may be subject to higher volatility.
Emerging markets involve heightened risks related to the same
factors as well as increased volatility and lower trading volume.
Frontier markets generally have less developed capital markets than
traditional emerging market countries, and, consequently, the risks
of investing in foreign securities are magnified in such countries.
These countries are subject to potentially significant political,
social and economic instability, which could materially and
adversely affect the companies in which the Fund may invest. EMFM
invests in securities and markets that are susceptible to
fluctuations in certain commodity markets. Commodities represent a
significant portion of the Latin American and Middle Eastern
economies. Any negative changes in commodity markets could have a
great impact on these economies. Unlike most exchange-traded funds,
EMFM intends to effect all creations and redemptions partially for
cash, rather than in-kind securities. As a result, an investment in
EMFM may be less tax-efficient than an investment in a more
conventional ETF.
The 13F filings used to select the securities in the Solactive
Guru Index are filed by each hedge fund approximately 45 days after
the end of each calendar quarter. Therefore a given hedge fund may
have already sold its position by the time of the 13F filing. The
selection of holdings is not based upon performance of the
underlying hedge funds. GURU's manager employs leverage, which may
accelerate the velocity of potential losses. GURU invests in small
and mid-capitalization companies, which have greater volatility and
less financial resources than large-capitalization companies.
Past distributions are not indicative of future distributions.
There is no guarantee that dividends will be paid.
Shares of Global X Funds are bought and sold at market price,
not NAV, and are not individually redeemed from the fund. Buying
and selling shares will result in brokerage commissions.
All rights in the FTSE Colombia 20 Index (the "Index") vest in
FTSE International Limited ("FTSE"). "FTSE®" is a trade mark
of the London Stock Exchange Group companies and is used by FTSE
under licence.
The Global X FTSE Colombia 20 ETF (the "ETF") has been
developed solely by Global X Management Company, LLC. The
Index is calculated by FTSE or its agent. FTSE and its licensors
are not connected to and do not sponsor, advise, recommend, endorse
or promote the Global X FTSE Colombia 20 ETF and do not accept any
liability whatsoever to any person arising out of (a) the use of,
reliance on or any error in the Index or (b) investment in or
operation of the Global X FTSE Colombia 20 ETF. FTSE makes no
claim, prediction, warranty or representation either as to the
results to be obtained from the Global X FTSE Colombia 20 ETF or
the suitability of the Index for the purpose to which it is being
put by Global X Management Company, LLC.
Carefully consider the Funds' investment objectives, risk
factors, charges, and expenses before investing. This and
additional information can be found in the Funds' prospectus or
summary 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.
SOURCE Global X Funds
