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Stock impact report

ETF Investing: Mirae to buy Global X, sponsor of popular robotics ETF [MarketWatch]

Global X SuperDividend REIT ETF (SRET) 
US:NASDAQ Investor Relations: globalxfunds.com/funds/sret
Company Research Source: MarketWatch
Mirae to buy Global X, sponsor of popular robotics ETF Consolidation in the ETF industry is afoot. Mirae Asset Global Investments late Monday announced that it would buy Global X Funds for an undisclosed sum, the latest in a series of acquisition deals in the red-hot exchange-traded fund industry. The ETF marketplace has seen massive growth of late, although that growth has been principally concentrated within a handful of major players, leaving other sponsors fighting over a relatively small portion of the multi-trillion-dollar space. Global X, which is best known for its “thematic” funds, which track fast-growing sub-sectors of major industries, has about $10 billion in assets across its 52 ETFs. Globally, it is the 32nd-largest ETF provider by assets, according to Morningstar Direct; it has 0.2% of the industry’s market share. According to a news release announcing the acquisition, the day-to-day operations of Global X won’t change, and its fund will continue to run under their cur Show less Read more
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