In the news release, Global X Canada Preferred ETF (CNPF) Yields 4.00% At First Year Anniversary, issued 25-Jun-2012 by Global X Funds over PR Newswire, we are advised by the company that there is a change to the last sentence in the third paragraph, and numbers in the second table. The complete, corrected release follows:Global X Canada Preferred ETF (CNPF) Yields 4.00% At First Year Anniversary
NEW YORK, June 25, 2012 /PRNewswire/ -- Global X Funds, the New York based provider of exchange traded funds, today announced the 12-month yield for the Global X Canada Preferred ETF (CNPF), following its first year anniversary.
Concurrently, Canadian banks were ranked among the world's strongest, according to a May 2012 Bloomberg News report. Canada received distinguished honors with 5 spots in the top 20— U.S. banks did not fare so well. Even with a population 9 times larger than Canada, the U.S. held only 3 spots in the top 20. Strict regulations set by the Office of the Superintendent of Financial Institutions of Canada (OSFI) have helped Canada raise the bar beyond global banking standards by requiring more equity as a percentage of capital relative to their foreign counterparts.
Those looking for income and preferred equity holdings may want to consider the Global X Canada Preferred ETF (CNPF) to diversify their exposure. The ETF tracks the Solactive Canada Preferred Stock Index, which is designed to measure the performance of preferred stocks from Canadian issuers traded on the Toronto Stock Exchange. Currently, approximately 75% of the Fund's assets are invested in financial companies of Canada.
"CNPF provides a relatively efficient way for investors to potentially benefit from this hybrid asset class and gain access to some of the world's highest ranked banks," said Bruno del Ama, chief executive officer of Global X Funds.
The Global X Canada Preferred ETF's (CNPF) 12-month yield is 4.00%.
30-Day SEC Yield
(12-Month Yield as of 6/22/12, 30-Day SEC Yield as of 5/31/12)
Performance as of
Inception date of the Fund is 5/24/11.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-888-gxfund-1 or visit our website at www.globalxfunds.com.
For a link to the Prospectus and more information, please visit http://globalxfunds.com/CNPF/SUMPROS.
ABOUT GLOBAL X FUNDS
Global X Funds is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $1.3 billion in managed assets and over 100,000 investors from more than 100 countries as of May 1, 2012, Global X Funds currently offers exchange-traded funds that target Commodity Producers, International, Domestic, Alternatives, Industry, Income, and Asset Allocation fund suites. For more information, please visit www.globalxfunds.com
To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that capital gains distributions will not be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.
Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Narrowly focused investments may be subject to higher volatility. Preferred stock is subject to many of the risks associated with debt securities, including interest rate risk. In addition, preferred stock may not pay a dividend, an issuer may suspend payment of dividends on preferred stock at any time, and in certain situations an issuer may call or redeem its preferred stock or convert it to common stock. Diversification does not prevent all investment losses.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.
Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.
Structured Solutions AG Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by Structured Solutions AG, nor does this company make any representations regarding the advisability of investing in the Global X Funds.
SOURCE Global X Funds