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]