NEW YORK, April 18, 2019 /PRNewswire/ -- Global X
Funds, the New York based provider
of exchange traded funds, today announced it is changing the
primary listing exchange of the Global X MSCI China Communication
Services ETF (Ticker: CHIC). The fund will cease trading on the
Nasdaq and begin trading on the NYSE Arca, Inc. exchange on
May 3rd, 2019. Fund shareholders are
not required to take any action as a result of this
announcement.
The fund will join the rest of Global X's China sector suite, which all currently trade
on the NYSE Arca. The suite includes a full offering that
corresponds with each of the eleven major economic sectors
identified by the Global Industry Classification Standard
(GICS®).
The MSCI China Communications Services ETF tracks the MSCI China
Communication Services 10/50 Index, which is designed to capture
the large- and mid-capitalization segments of securities included
in the MSCI China Index that are classified in the Communication
Services Sector as per the Global Industry Classification Standard.
It incorporates all eligible securities as per MSCI's Global
Investable Market Index Methodology, including China A, B and H
shares, Red chips, P chips and foreign listings. The index is
maintained by MSCI.
About Global X
Global X was founded in 2008 with the mission of listening to
and empowering clients to invest wisely in unexplored and
intelligent solutions. Our product lineup features more than 60 ETF
strategies. While we are distinguished for our Thematic Growth,
Income and International Access ETFs, we also offer Core,
Commodity, Alpha and Risk Management funds to suit a wide range of
investment objectives. Global X is a member of Mirae Asset Global
Investments Group, a Seoul-based
global enterprise which offers asset management expertise
worldwide. Explore our ETFs, research and insights, and more at
globalxfunds.com.
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. Emerging
markets involve heightened risks related to the same factors as
well as increased volatility and lower trading volume. Investments
in securities in the Technology sector are subject to rapid changes
in technology product cycles; rapid product obsolescence;
government regulation; and increased competition, both domestically
and internationally, including competition from foreign competitors
with lower production costs. Technology companies and companies
that rely heavily on technology tend to be more volatile than the
overall market, and are also heavily dependent on patent and
intellectual property rights. Securities focusing on a single
country and narrowly focused investments may be subject to higher
volatility. QQQC is non-diversified.
Shares of ETFs 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 before investing. This and other
information can be found in the Fund's summary or full
prospectuses, which may be obtained at globalxfunds.com. 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 MSCI, nor does MSCI make any representations
regarding the advisability of investing in the Global X Funds.
Neither SIDCO nor Global X is affiliated with MSCI.
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SOURCE Global X Funds
