Global X To Close 7 ETFs

Global X recently announced the closures of seven of its funds. The ETFs represent a diverse selection from its list of ETFs, with the oldest having launched in 2010 and none having gathered more than $8 million in assets under management.

The funds will see their last day of trading on Oct. 6, and the closures will leave the issuer with a total of 51 ETFs still actively trading. The list of doomed funds includes the following:

• Global X FTSE Andean 40 ETF (AND)
• 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)

A few of the funds were launched as complements to some of Global X’s more successful funds. ACTX and GURI, like the $54 million Global X Guru Index ETF (GURU), target equities that are popular investments for hedge funds. And MLPJ is a small-cap version of the $623 million Global X MLP ETF (MLPA).

September has been a record-breaking month for closures, with 42 set to complete by the start of October.

Contact Heather Bell at [email protected]