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EMFM (Global X Next Emerging & Frontier ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
With just nine new ETFs launching on U.S. exchanges, the week ending May 17, 2024, was fairly unremarkable in that regard. However, there was plenty of other activity in the space including closures and name changes.
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.
Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.
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.
Although 14 new ETFs debuted in the U.S. this past week, closure announcements came in even stronger, largely due to Global X pruning its lineup. Launches during the week included funds from BondBloxx, WisdomTree, Innovator, JPMorgan, and Range ETFs.
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.
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.