Global X Next Emerging & Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york , jan. 19, 2024 /prnewswire/ -- global x etfs, the new york-based provider of exchange-traded funds, today announced the scheduled liquidation of the following etfs (the "funds"), based on an ongoing review process of its product lineup to ensure it meets the evolving needs of its clients. the funds scheduled for liquidation include: fund ticker cusip global x cannabis etf potx 37954y145 global x carbon credits strategy etf ntrl 37960a586 global x china biotech innovation etf chb 37954y251 global x green building etf grnr 37960a842 global x health & wellness etf bfit 37954y798 global x metaverse etf vr 37960a834 global x msci china communication services etf chic 37950e804 global x msci china consumer staples etf chis 37954y558 global x msci china energy etf chie 37950e507 global x msci china financials etf chix 37950e606 global x msci china health care etf chih 37954y541 global x msci china industrials etf chii 37950e705 global x msci china information technology etf chik 37954y533 global x msci china materials etf chim 37950e242 global x msci china real estate etf chir 37960a685 global x msci china utilities etf chiu 37954y517 global x msci next emerging & frontier etf emfm 37950e218 global x msci pakistan etf pak 37954y335 global x msci portugal etf pgal 37950e192   based upon the recommendation of global x management company llc, the global x funds' adviser, the board of trustees determined on january 19, 2024 that it was in the best interests of the funds and their shareholders to liquidate each of the funds.

During the week, a total of 16 new ETFs debuted on the U.S. markets. These included launches from AllianzIM, ProShares, Split Rock Trading, River1 Asset Management, Rayliant, Strategas, and Alger.

The week ending March 8 saw a lot of activity in the ETF industry, with 17 new ETFs debuting and several closures. A range of ETFs also underwent or expect to enact material changes.

The week ending in February 15 featured the Exchange conference in Miami, Florida, and launches were muted as a result. Only one new ETF made its debut during the week.

Global inflation and a strong dollar may have been turning investors away from emerging markets (EM), but bargain hunters might be inclined to find value amongst these battered assets. Investors looking to tail the plays of asset managers might also find that EM present an opportunity.

Emerging and frontier markets offer investors potential growth in a bargain-fueled environment that hasn't been kind to these developing countries. The economic effects of the pandemic, a strong dollar, and global inflation may have taken their toll, but for bargain-hunting investors, there could be value derived from these opportunities.

Emerging market (EM) opportunities can reach beyond simply China, India, or Brazil. These next frontier economies are quickly turning things around economically despite global inflation.

Past experience shows us that emerging markets have historically reacted positively to higher global rates, especially if the latter reflects an improving global growth outlook. Most emerging markets will start normalizing rates well before the U.S. and developed markets.

Today, China's economic recovery continues ticking along, and we are even seeing some indicators showing growth relative to last year.

During the COVID-19 crisis, investor flight to safety assets and a strong US dollar battered emerging market stocks this year.

Slower global growth due to COVID-19 will also impact Asian frontier markets in 2020. Asian frontier markets have very favorable demographics which should help