NEW YORK, Dec. 19, 2011
/PRNewswire/ -- Global X Funds, the New York-based exchange-traded funds (ETFs),
today announced the scheduled liquidation of the following Global X
Funds ETFs:
- Global X Russell Emerging Markets Growth ETF (EMGX)
- Global X Russell Emerging Markets Value ETF (EMVX)
- Global X Mexico Small-Cap ETF (MEXS)
- Global X Oil Equities ETF (XOIL)
- Global X Farming ETF (BARN)
- Global X Fishing Industry ETF (FISN)
- Global X Food ETF (EATX)
- Global X Waste Management ETF (WSTE)
The Funds, which are listed for trading on NYSE Arca, Inc.
("NYSE Arca"), will close to new investors and cease trading on the
NYSE Arca at the end of the trading day on February 16, 2012 and will liquidate on
February 27, 2012. The Funds
represent less than 2% of the assets of the Global X Funds.
The Board of Trustees of Global X Funds unanimously determined
that it was in the best interests of the Funds and their
shareholders to liquidate the Funds.
Thursday, February 16, 2012, is
scheduled to be the last day of trading for the shares of the Funds
on NYSE Arca. Beginning February 17,
2012 through February 27,
2012, the Funds will be in the process of closing down and
liquidating their portfolios. During this time, the Funds will not
be pursuing their stated objectives and strategies and tracking
their underlying indexes and their cash holdings will increase.
From February 17, 2012 through
February 27, 2012, shareholders may
be able to sell their shares to certain broker-dealers, but there
can be no assurance that there will be a market for the Funds
during this period. Any person holding shares in the Funds as of
the liquidation date of February 27,
2012 will receive a cash distribution equal to the net asset
value of their shares as of that date. Shareholders receiving this
cash distribution will not incur transaction fees in connection
with this distribution or the liquidation of their shares in the
Funds. However, a portion of the distribution may represent an
ordinary income dividend or a capital gain distribution.
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 $1.3 billion in managed
assets and over 100,000 investors from more than 100 countries as
of November 30, 2011, Global X Funds
currently offers exchange-traded funds that target Europe, Emerging Markets, Commodity Producers,
Income Producers and Special Opportunities 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 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.
SOURCE Global X Funds