Global X Funds Announces Index Change for Uranium ETF

  • Global X Funds, the New York-based provider of exchange-traded funds (ETFs), has announced that the Global X Uranium ETF (NYSE: URA) will undergo an index change to track the Solactive Global Uranium & Nuclear Components Total Return Index.
  • The Fund is expected to begin implementation of the change no earlier than April 2, 2018, with the change occurring in two phases. The phase approach is intended to enable the Global X Uranium ETF's advisor, Global X Management Co. LLC
  • The current, transition and new indexes for the Fund are shown below.
  • In the first phase, expected to commence in the second quarter of 2018, the Fund will track the Solactive Global Uranium & Nuclear Components Transition TR Index, an interim index that will gradually reduce exposure to small-capitalization stocks while proportionately increasing exposure to other stocks based on their weightings in the Solactive Global Uranium & Nuclear Components Total Return Index. In the second phase, the Fund will begin tracking the Solactive Global Uranium & Nuclear Components Total Return Index, which is expected to occur upon completion of the first phase.

Index

Current Index

Transition Index

New Index

Solactive Global
Uranium Total
Return Index

Solactive Global
Uranium & Nuclear
Components
Transition TR Index

Solactive Global
Uranium & Nuclear
Components Total

 

 

 

 

 

 

 

  • The new index is designed to measure broad-based equity market performance of global companies involved in the uranium industry including companies that are engaged in uranium mining, exploration for uranium, technologies related to the uranium industry and the production of nuclear components.