Global X, an exchange-traded funds company, provided a proxy for a special meeting. The proxy contained proposals relating to a pending merger and change of control at the company.
Magni uses Global X country-level funds for four countries: Colombia, Greece, Norway, and Pakistan in the Magni Global Portfolios. Magni voted for all proposals as the company committed to no change in fees or services. The competitive nature of fund products will limit future fee increases, while the increase in scale from the proposed combination could lead to lower fees in the future and even better services.