NEW YORK, Nov. 26, 2013 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), announced it is listing today three ETFs on Bolsa de Valores de Colombia, the Colombian stock exchange. This marks the first time that a foreign ETF is listed on the Colombian exchange.
The three ETFs are the Global X FTSE Colombia 20 ETF (NYSE Arca: GXG), the Global X Guru Index ETF (NYSE Arca: GURU), and the Global X SuperDividend™ ETF (SDIV). GXG is one of six Latin America-based ETFs from Global X Funds and was the first to offer investors access to the Colombian markets. GURU, which aims to provide access to investment ideas generated by some of the top hedge funds, surpassed $100 million in August and has since reached close to $300 million in assets. SDIV, with close to $800 million in assets, tracks the highest dividend-paying equity securities across global markets.
"This is yet another exciting innovation for Global X Funds," said Bruno del Ama, chief executive officer. "After extensive work with Colombian regulators and the Colombian stock exchange, we are proud to be the first foreign issuer to bring ETFs to Colombian investors."
Jose C. Gonzalez, Chief Operating Officer of Global X Funds, announced the news this morning at an event in Bogota. He was joined by the President of the Bolsa de Valores de Colombia and the President of Serfinco, a leading Colombian broker-dealer who is acting as local agent along with Deutsche Bank AG, New York, as foreign depository.
"In addition to expanding our footprint abroad through innovative products, such as the recently launched Next Emerging & Frontier ETF (NYSE Arca: EMFM) and FTSE Portugal 20 ETF (NYSE Arca: PGAL), we are committed to broadening the accessibility of ETF products in growing regions around the world," said Mr. Gonzalez at the event. Global X Funds also has several ETFs listed on Bolsa Mexicana de Valores, the Mexican stock exchange.
ABOUT GLOBAL X FUNDS
Global X is a New York-based sponsor of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $2.5 billion in managed assets and over 100,000 investors from more than 100 countries as of October 31, 2013, Global X offers exchange-traded funds that target Income, International, Commodity Producers, Industry, and Alternative fund suites. For more information about these exchanged traded funds, please visit www.globalxfunds.com.
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, LLC.
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.
Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Frontier markets generally have less developed capital markets than traditional emerging market countries, and, consequently, the risks of investing in foreign securities are magnified in such countries. These countries are subject to potentially significant political, social and economic instability, which could materially and adversely affect the companies in which the Fund may invest. EMFM invests in securities and markets that are susceptible to fluctuations in certain commodity markets. Commodities represent a significant portion of the Latin American and Middle Eastern economies. Any negative changes in commodity markets could have a great impact on these economies. Unlike most exchange-traded funds, EMFM intends to effect all creations and redemptions partially for cash, rather than in-kind securities. As a result, an investment in EMFM may be less tax-efficient than an investment in a more conventional ETF.
The 13F filings used to select the securities in the Solactive Guru Index are filed by each hedge fund approximately 45 days after the end of each calendar quarter. Therefore a given hedge fund may have already sold its position by the time of the 13F filing. The selection of holdings is not based upon performance of the underlying hedge funds. GURU's manager employs leverage, which may accelerate the velocity of potential losses. GURU invests in small and mid-capitalization companies, which have greater volatility and less financial resources than large-capitalization companies.
Past distributions are not indicative of future distributions. There is no guarantee that dividends will be paid.
Shares of Global X Funds are bought and sold at market price, not NAV, and are not individually redeemed from the fund. Buying and selling shares will result in brokerage commissions.
All rights in the FTSE Colombia 20 Index (the "Index") vest in FTSE International Limited ("FTSE"). "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence.
The Global X FTSE Colombia 20 ETF (the "ETF") has been developed solely by Global X Management Company, LLC. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Global X FTSE Colombia 20 ETF and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Global X FTSE Colombia 20 ETF. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Global X FTSE Colombia 20 ETF or the suitability of the Index for the purpose to which it is being put by Global X Management Company, LLC.
Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus or summary 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.
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