Global X, the ETF issuer known for its lineup of unique international, income and commodities-related funds, plans to close seven of its ETFs, including two high-flying Brazil products.
Among the funds being closed by Global X are the Global X Brazil Mid Cap ETF (NYSEARCA: BRAZ) an the Global X Brazil Consumer ETF (NYSEARCA: BRAQ), which are up 31% and 48%, respectively, year-to-date.
The issuer is also closing another Latin American fund, the Global X FTSE Andean 40 ETF (NYSEARCA: AND). Combined, those three ETFs have about $19 million in assets under management.
Global X also plans to close two of its guru funds, the Global X Guru Activist Index ETF (NASDAQ: ACTX) and the Global X Guru International Index ETF (NYSEARCA: GURI). Combined, those ETFs have just over $3 million in assets.