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.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.