News
Global X To Rebrand Canada ETF
September 05, 2012
|
Global X, the New York-based ETF sponsor known for its niche strategies focused largely on commodities and the emerging markets, is changing the name, index and ticker symbol on a Canada-focused commodities fund that has gathered less than $2 million in assets since its launch about 18 months ago. Beginning tomorrow, Sept. 6, 2012, the Global X Global X S&P/TSX Venture 30 Canada ETF (NYSEArca: TSXV) will begin trading as the Global X Junior Miners ETF under the symbol “JUNR,” according to an e-mail communique circulated by Arca, the New York Stock Exchange’s electronic trading platform. The move appears to be a ploy to create greater name recognition for a fund whose name hasn’t made clear that it’s largely—though not entirely—composed of mining names. Moreover, the new name clearly recalls the segment leader in exchange-traded funds focused on small miners, the $2.64 billion Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ). The revamped Global X ETF “JUNR” will have a lower annual expense ratio--0.69 percent--compared to the 0.75 percent that TSVX had. Market Vectors’ GDXJ meanwhile has an annual expense ratio of 0.54 percent. JUNR, as noted, will also have a new index, the Solactive Junior Miners Index from Frankfurt-based Structured Solutions AG. Global X launched the ETF in March 2011 with the S&P/TSX Venture 30 Index, which has 29 holdings, some of them energy companies. |
New Economic-Exposure Indexes Look Sweet
Investors long wanting emerging markets exposure who have been wary of investing in local shares might have new options in the near future.The Global Bond ETF Search: Part 1
To go truly global in the world of bond ETFs, for now, takes some creativity and a fair amount of patience.For Bernanke Skeptics: A Sound Money ETF
As balanced budgets and stable money supplies are tossed to the wind, consider FORX.
|
|
|
|


