NEW YORK, Dec. 2, 2016 /PRNewswire/ -- Global X Funds,
the New York based provider of exchange traded funds
(ETFs), has announced that at the open of trading on December 6, 2016, the Global X FTSE Portugal 20
ETF (NYSE Arca: PGAL) will begin tracking the MSCI All Portugal
Plus 25/50 Index. The MSCI All Portugal Plus 25/50 Index is
designed to represent the performance of the broad Portugal equity universe. PGAL, the only
Portugal-focused ETF in
the United States, will be renamed
the Global X MSCI Portugal ETF. Information regarding the index can
be found at www.msci.com.
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Current
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New
|
|
ETF
Name
|
Global X FTSE
Portugal 20 ETF
|
Global X MSCI
Portugal ETF
|
|
Index
|
FTSE Portugal 20
Index
|
MSCI All Portugal
Plus 25/50 Index
|
|
Index
Components
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20
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21*
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Index
Description
|
The FTSE Portugal 20
Index is designed to reflect broad-based equity market performance
in Portugal. The stocks are screened for liquidity and weighted
according to modified free-float market capitalization. The index
is comprised of the top 20 companies that are domiciled in,
principally traded in or whose revenues are primarily from
Portugal. A specific capping methodology is applied to facilitate
compliance with the rules governing the listing of financial
products on exchanges in the United States.
|
The MSCI All Portugal
Plus 25/50 Index is designed to represent the performance of the
Broad Portugal Equity Universe, while including constituents with
minimum levels of liquidity. The Broad Portugal Equity Universe
includes securities that are classified in Portugal according to
the MSCI Global Investable Market Index methodology, together with
companies that are headquartered or listed in Portugal and carry
out the majority of their operations in Portugal. A specific
capping methodology is applied to facilitate compliance with the
rules governing the listing of financial products on exchanges in
the United States.
|
*Index constituents for the MSCI All Portugal Plus 25/50 Index
are as of November 28, 2016. The
number of index constituents may change by the effective date
(December 6, 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 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. Current and future
holdings are subject to risk.
Carefully consider the Fund's investment objectives, risk
factors, charges, and expenses before investing. This and
additional information can be found in the Fund's 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