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.
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. 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
