Global X Changes GXG, NORW Tickers

August 23, 2014

As of July 15, Global X changed the names and indexes of two of its country-specific ETFs, the Global X FTSE Norway (NORW | C-71) and the Global X FTSE Colombia 20 ETF (GXG | D-43).

NORW’s is now called the Global X MSCI Norway ETF, after replacing the FTSE Norway 30 Index with the MSCI Norway IMI 25/50.

GXG is now the Global X MSCI Colombia, after replacing the FTSE Colombia 20 Index with its newly adopted MSCI All Colombia Capped Index.

In addition, GXG has lowered its expense ratio to 0.61 percent from 0.68 percent. The move aligns its costs to that of the iShares MSCI Colombia Capped ETF (ICOL | F-60), which also charges an expense ratio of 0.61 percent. The Market Vectors Colombia ETF (COLX | F-40) is the most expensive Colombia-focused ETF on the market, with an expense ratio of 0.75 percent.

 

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