Global X Funds, the New York based provider of exchange traded funds, will be changing the index, name, ticker, expense ratio and investment objective of the Global X S&P/TSX Venture 30 Canada ETF (NYSEArca:TSXV) tomorrow September 2nd. Beginning tomorrow, Sept. 6, 2012, the fund will begin trading as the Global X Junior Miners ETF (NYSEArca:JUNR)
Currently the fund is mostly comprised of small-capitalization companies based in Canada that operate within the mining and energy sectors. Upon implementation of the change, the fund’s new objective will be to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Junior Miners Index. The Solactive Junior Miners Index is designed to track the market performance of small-capitalization mining companies globally, and therefore the geographic scope of the fund will expand accordingly. The fund intends to focus its investments on small-capitalization mining companies including those engaged in mining, producing, smelting, and/or refining materials including but not limited to gold, silver, copper, aluminum, titanium and nickel.
Fund shareholders are not required to take any action as a result of this announcement.
See the fund changes below:
|ETF Name||Global X S&P/TSX Venture 30 Canada ETF||Global X Junior Miners ETF|
|Index||S&P/TSX Venture 30 Index||Solactive Junior Miners Index|
|Exchange||NYSE Arca||NYSE Arca|