Global X Funds Announces Name and Index Change for Greece ETF
Global X Funds, the New York based provider of exchange traded funds (ETFs), has announced that at the open of trading on March 1, 2016, the Global X FTSE Greece 20 ETF (NYSE Arca: GREK) will begin tracking the MSCI All Greece Select 25/50 Index. The fund, with currently nearly $200 million in assets under management1, will change its name to the Global X MSCI Greece ETF.
The MSCI All Greece Select 25/50 Index is designed to represent the performance of the Broad Greece Equity Universe, while including constituents with minimum levels of liquidity. The Broad Greece Equity Universe includes securities that are classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in Greece.
A specific capping methodology is applied to facilitate compliance with the rules governing the listing of financial products on exchanges in the United States. Additional information regarding the index can be found at www.MSCI.com.
Index Change for Greece ETF
Global X FTSE Greece 20 ETF
Global X MSCI Greece ETF
FTSE/ATHEX Custom Capped Index
MSCI All Greece Select 25/50 Index
ABOUT GLOBAL X FUNDS
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 recognized for our smart core, income, alpha, risk management and access suites of ETFs, with more than 40 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions for our clients. For more information about our ETFs, please visit www.globalxfunds.com.
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.
Since the Fund’s Shares typically do not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Carefully consider the fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the fund’s prospectus. Click here for the prospectus. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, FTSE, Standard & Poors, NASDAQ, S-Network, Indxx, or MSCI nor do these companies make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Solactive AG, FTSE, Standard & Poors, NASDAQ, S-Network, Indxx, or MSCI.
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. Investments are concentrated in companies in Greece. Greece’s economy is heavily dependent on the services sector and has a large public sector. Key trading partners are member states of the EU, most notably Germany, Spain, Italy and the United Kingdom. Decreasing demand for Greek products and services or changes in governmental regulations on trade may have a significantly adverse effect on Greece’s economy. Greece’s ability to repay its sovereign debt is in question, and the possibility of default is not unlikely.
High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.
1 As of February 16, 2016
SOURCE Global X Funds