Global X also has a group of smart-beta offerings, including the Global X SuperDividend ETF (NYSEArca: SDIV), which has also gained popularity among income-seeking investors.

Nearly two years ago, J.P. Morgan Asset Management took a minority, passive stake in Global X. The investment did not make Global X an affiliate of J.P. Morgan, and there was no co-marketing, investment management, distribution agreements or shared governance between the two fund providers.

“The transaction is expected to close in the third quarter, pending necessary third-party approvals, including certain regulatory matters and requisite ETF board and ETF shareholder approvals,” according to the statement.

Global X CEO and co-founder Bruno del Ama will step down when the deal is completed. President Luis Berruga will become CEO when the deal is completed.