First ETF Closures of 2012

Global X previously announced (pdf) that Thursday, February 16, 2012 will be the last day of trading for eight Global X ETFs.  I encourage all shareholders to sell their shares prior to delisting to avoid the ETF liquidation process.  Due to light volumes and wide bid/ask spreads on the affected ETFs, it is imperative to use a limit order to ensure a fair price on the trade. Global X Management has determined it can not continue to conduct the business and operations of the funds in an economically efficient manner because of the low levels of assets.  As such, the Board of Trustees concluded it would be in the best interests of the eight funds and their shareholders to liquidate and . . . → Read More: First ETF Closures of 2012