Global X Funds, the New York-based exchange-traded funds provider, announced it will close the following funds:
Global X Brazil Mid Cap ETF (BRAZ),
Global X Brazil Consumer ETF (BRAQ),
Global X Guru Activist Index ETF (ACTX),
Global X Guru International Index ETF (GURI),
Global X Permanent ETF (PERM),
Global X Junior MLP ETF (MLPJ),
Global X FTSE Andean 40 ETF (AND).
Shareholders may sell their holdings in the Funds prior to the end of the trading day on Friday, October 6, 2017 and customary brokerage charges may apply to these transactions. The Funds will cease trading at the close of regular trading on Friday, October 6, 2017. Effective immediately, the Fund no longer will accept creation orders. Each Fund will liquidate on or around Friday, October 13, 2017.
Any person holding shares in a Fund as of its liquidation date will receive a cash distribution equal to the net asset value of the investor’s 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.