The $6.4 million Global X Permanent ETF (NYSEARCA: PERM) and the $7.7 million Global X Junior MLP ETF (NYSEARCA: MLPJ) will also be closed.
Combined, the aforementioned ETFs represent less than 1% of Global X’s ETF assets under management.
“Shareholders may sell their holdings in the Funds prior to the end of the trading day on Friday, October 6, 2017 and customary brokerage charges may apply to these transactions. The Funds will cease trading at the close of regular trading on Friday, October 6, 2017. Effective immediately, the Fund no longer will accept creation orders. Each Fund will liquidate on or around Friday, October 13, 2017,” according to a statement issued by New York-based Global X.
For more information on the ETF market, visit our ETF performance reports category.