In the Margins
Mirae Asset Global Investments will buy Global X Funds for an undisclosed sum. Global X, which is best known for its “thematic” exchange-traded funds that 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. Read the original story from MarketWatch.
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