Global X FTSE Greece 20 ETF gets new underlier, available Dec. 8

By Toni Weeks

San Diego, Dec. 7 - Global X Funds announced that the Global X FTSE Greece 20 ETF will be available for purchase on Dec. 8, according to a 497 filing with the Securities and Exchange Commission.

The underlying index for the ETF has changed and is now the FTSE/Athex 20 Capped Index, the filing said. Previously, the ETF's index was the FTSE/Athex 20 Index.

The FTSE/Athex 20 Capped Index is designed to reflect the performance of the 20 largest securities listed on the Athens Stock Exchange. The stocks are weighted based on modified free-float market capitalization, and a specific capping methodology is used to secure compliance with the rules governing the listing of financial products on exchanges in the United States.

The filing disclosed additional risk related to investing in Greece due to the possibility that Greece may exit the European Monetary Union in the future, which would cause the immediate devaluation of Greece currency and potential for default.

According to the filing, several Global X Funds are unavailable for purchase, including the Global X FTSE Portugal 20 ETF, the Global X FTSE Ukraine ETF, the Global X Hungary ETF, the Global X Luxembourg ETF, the Global X FTSE Morocco 20 ETF, the Global X Czech Republic ETF, the Global X Slovakia ETF, the Global X Qatar ETF, the Global X Kuwait ETF, the Global X Nigeria ETF, the Global X FTSE Bangladesh ETF, the Global X FTSE Sri Lanka ETF and the Global X Kazakhstan ETF.

Global X is a New York-based provider of ETFs.

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