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    <link:label id="lab_ck0001432353_GeographicRiskRiskOfInvestingInDevelopedMarketsMember_documentation_en-US" xlink:label="lab_ck0001432353_GeographicRiskRiskOfInvestingInDevelopedMarketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In Developed Markets Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_GeographicRiskRiskOfInvestingInDevelopedMarketsMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_GeographicRiskRiskOfInvestingInDevelopedMarketsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_GeographicRiskRiskOfInvestingInDevelopedMarketsMember" xlink:to="lab_ck0001432353_GeographicRiskRiskOfInvestingInDevelopedMarketsMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ck0001432353_S000109337Member_documentation_en-US" xlink:label="lab_ck0001432353_S000109337Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global X LLM ETF</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_S000109337Member" xlink:href="ck0001432353-20261008.xsd#ck0001432353_S000109337Member"/>
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    <link:label id="lab_ck0001432353_CurrencyRiskMember_label_en-US" xlink:label="lab_ck0001432353_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency Risk Member</link:label>
    <link:label id="lab_ck0001432353_CurrencyRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_CurrencyRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_CurrencyRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_CurrencyRiskMember" xlink:to="lab_ck0001432353_CurrencyRiskMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ck0001432353_CapitalizationRiskLargeCapitalizationCompaniesRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_CapitalizationRiskLargeCapitalizationCompaniesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalization Risk, Large-Capitalization Companies Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_CapitalizationRiskLargeCapitalizationCompaniesRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_CapitalizationRiskLargeCapitalizationCompaniesRiskMember"/>
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    <link:label id="lab_ck0001432353_ValuationRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_ValuationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Valuation Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_ValuationRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_ValuationRiskMember"/>
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    <link:label id="lab_ck0001432353_S000109387Member_label_en-US" xlink:label="lab_ck0001432353_S000109387Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global X Asia Semiconductor ETF</link:label>
    <link:label id="lab_ck0001432353_S000109387Member_documentation_en-US" xlink:label="lab_ck0001432353_S000109387Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global X Asia Semiconductor ETF</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_S000109387Member" xlink:href="ck0001432353-20261008.xsd#ck0001432353_S000109387Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_S000109387Member" xlink:to="lab_ck0001432353_S000109387Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember_label_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Authorized Participants Concentration Risk Member</link:label>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Authorized Participants Concentration Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:to="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsAuthorizedParticipantsConcentrationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember_label_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Large Shareholder Risk Member</link:label>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Large Shareholder Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:to="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsLargeShareholderRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember_label_en-US" xlink:label="lab_ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indexing Strategy Risk, Tracking Error Risk Member</link:label>
    <link:label id="lab_ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indexing Strategy Risk, Tracking Error Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember" xlink:to="lab_ck0001432353_IndexingStrategyRiskTrackingErrorRiskMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ck0001432353_GeographicRiskChinaExposureRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_GeographicRiskChinaExposureRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk, China Exposure Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_GeographicRiskChinaExposureRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_GeographicRiskChinaExposureRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_GeographicRiskChinaExposureRiskMember" xlink:to="lab_ck0001432353_GeographicRiskChinaExposureRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember_label_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Listing Standards Risk Member</link:label>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds, Listing Standards Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:to="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsListingStandardsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_AssetClassRiskStockConnectRiskMember_label_en-US" xlink:label="lab_ck0001432353_AssetClassRiskStockConnectRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Stock Connect Risk Member</link:label>
    <link:label id="lab_ck0001432353_AssetClassRiskStockConnectRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_AssetClassRiskStockConnectRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Stock Connect Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_AssetClassRiskStockConnectRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_AssetClassRiskStockConnectRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_AssetClassRiskStockConnectRiskMember" xlink:to="lab_ck0001432353_AssetClassRiskStockConnectRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember_label_en-US" xlink:label="lab_ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Focus Risk, Risks Related To Investing In The Semiconductors And Semiconductor Equipment Industry Member</link:label>
    <link:label id="lab_ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember_documentation_en-US" xlink:label="lab_ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Focus Risk, Risks Related To Investing In The Semiconductors And Semiconductor Equipment Industry Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:to="lab_ck0001432353_FocusRiskRisksRelatedToInvestingInTheSemiconductorsAndSemiconductorEquipmentIndustryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_GlobalXFundsMember_label_en-US" xlink:label="lab_ck0001432353_GlobalXFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Global X Funds Member</link:label>
    <link:label id="lab_ck0001432353_GlobalXFundsMember_documentation_en-US" xlink:label="lab_ck0001432353_GlobalXFundsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global X Funds Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_GlobalXFundsMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_GlobalXFundsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_GlobalXFundsMember" xlink:to="lab_ck0001432353_GlobalXFundsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_NewFundRiskMember_label_en-US" xlink:label="lab_ck0001432353_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:label id="lab_ck0001432353_NewFundRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_NewFundRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_NewFundRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_NewFundRiskMember" xlink:to="lab_ck0001432353_NewFundRiskMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ck0001432353_AssetClassRisk.ChinaASharesRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_AssetClassRisk.ChinaASharesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk. China A-Shares Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_AssetClassRisk.ChinaASharesRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_AssetClassRisk.ChinaASharesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_AssetClassRisk.ChinaASharesRiskMember" xlink:to="lab_ck0001432353_AssetClassRisk.ChinaASharesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_GeographicRiskMember_label_en-US" xlink:label="lab_ck0001432353_GeographicRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Risk Member</link:label>
    <link:label id="lab_ck0001432353_GeographicRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_GeographicRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_GeographicRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_GeographicRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_GeographicRiskMember" xlink:to="lab_ck0001432353_GeographicRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_AssetClassRiskMember_label_en-US" xlink:label="lab_ck0001432353_AssetClassRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk Member</link:label>
    <link:label id="lab_ck0001432353_AssetClassRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_AssetClassRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_AssetClassRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_AssetClassRiskMember"/>
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    <link:label id="lab_ck0001432353_C000280499Member_documentation_en-US" xlink:label="lab_ck0001432353_C000280499Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Global X Asia Semiconductor ETF Class</link:label>
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    <link:label id="lab_ck0001432353_OutboundInvestmentRestrictionsRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_OutboundInvestmentRestrictionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Outbound Investment Restrictions Risk Member</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_OutboundInvestmentRestrictionsRiskMember" xlink:to="lab_ck0001432353_OutboundInvestmentRestrictionsRiskMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ck0001432353_IssuerRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_IssuerRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issuer Risk Member</link:label>
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    <link:label id="lab_ck0001432353_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember_documentation_en-US" xlink:label="lab_ck0001432353_FocusRiskRisksRelatedToInvestingInTheInformationTechnologySectorMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Focus Risk, Risks Related To Investing In The Information Technology Sector Member</link:label>
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    <link:label id="lab_ck0001432353_FocusRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_FocusRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Focus Risk Member</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_FocusRiskMember" xlink:to="lab_ck0001432353_FocusRiskMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ck0001432353_IndexingStrategyRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_IndexingStrategyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indexing Strategy Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_IndexingStrategyRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_IndexingStrategyRiskMember"/>
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    <link:label id="lab_ck0001432353_InternationalClosedMarketTradingRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_InternationalClosedMarketTradingRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">International Closed Market Trading Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_InternationalClosedMarketTradingRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_InternationalClosedMarketTradingRiskMember"/>
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    <link:label id="lab_ck0001432353_AffiliatedIndexProviderRiskMember_label_en-US" xlink:label="lab_ck0001432353_AffiliatedIndexProviderRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Affiliated Index Provider Risk Member</link:label>
    <link:label id="lab_ck0001432353_AffiliatedIndexProviderRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_AffiliatedIndexProviderRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Affiliated Index Provider Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_AffiliatedIndexProviderRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_AffiliatedIndexProviderRiskMember"/>
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    <link:label id="lab_ck0001432353_TradingHaltRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_TradingHaltRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trading Halt Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_TradingHaltRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_TradingHaltRiskMember"/>
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    <link:label id="lab_ck0001432353_CybersecurityRiskMember_label_en-US" xlink:label="lab_ck0001432353_CybersecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cybersecurity Risk Member</link:label>
    <link:label id="lab_ck0001432353_CybersecurityRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_CybersecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cybersecurity Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_CybersecurityRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_CybersecurityRiskMember"/>
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    <link:label id="lab_ck0001432353_IndexingStrategyRiskIndexRelatedRiskMember_label_en-US" xlink:label="lab_ck0001432353_IndexingStrategyRiskIndexRelatedRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indexing Strategy Risk, Index-Related Risk Member</link:label>
    <link:label id="lab_ck0001432353_IndexingStrategyRiskIndexRelatedRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_IndexingStrategyRiskIndexRelatedRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indexing Strategy Risk, Index-Related Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_IndexingStrategyRiskIndexRelatedRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_IndexingStrategyRiskIndexRelatedRiskMember"/>
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    <link:label id="lab_ck0001432353_MarketRiskMember_label_en-US" xlink:label="lab_ck0001432353_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Risk Member</link:label>
    <link:label id="lab_ck0001432353_MarketRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_MarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_MarketRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_MarketRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_MarketRiskMember" xlink:to="lab_ck0001432353_MarketRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsMember_label_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds Member</link:label>
    <link:label id="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsMember_documentation_en-US" xlink:label="lab_ck0001432353_RisksAssociatedWithExchangeTradedFundsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Risks Associated With Exchange-Traded Funds Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_RisksAssociatedWithExchangeTradedFundsMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_RisksAssociatedWithExchangeTradedFundsMember"/>
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    <link:label id="lab_ck0001432353_IndexingStrategyRiskManagementRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_IndexingStrategyRiskManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indexing Strategy Risk, Management Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_IndexingStrategyRiskManagementRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_IndexingStrategyRiskManagementRiskMember"/>
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    <link:label id="lab_ck0001432353_OperationalRiskMember_label_en-US" xlink:label="lab_ck0001432353_OperationalRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operational Risk Member</link:label>
    <link:label id="lab_ck0001432353_OperationalRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_OperationalRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operational Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_OperationalRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_OperationalRiskMember"/>
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    <link:label id="lab_ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember_label_en-US" xlink:label="lab_ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associated Risks Related To Investing In Semiconductor Companies Member</link:label>
    <link:label id="lab_ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember_documentation_en-US" xlink:label="lab_ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Associated Risks Related To Investing In Semiconductor Companies Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember" xlink:to="lab_ck0001432353_AssociatedRisksRelatedToInvestingInSemiconductorCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001432353_AssetClassRiskEquitySecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001432353_AssetClassRiskEquitySecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Equity Securities Risk Member</link:label>
    <link:label id="lab_ck0001432353_AssetClassRiskEquitySecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_AssetClassRiskEquitySecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Asset Class Risk, Equity Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_AssetClassRiskEquitySecuritiesRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_AssetClassRiskEquitySecuritiesRiskMember"/>
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    <link:label id="lab_ck0001432353_GeographicRiskRiskOfInvestingInChinaMember_documentation_en-US" xlink:label="lab_ck0001432353_GeographicRiskRiskOfInvestingInChinaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In China Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_GeographicRiskRiskOfInvestingInChinaMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_GeographicRiskRiskOfInvestingInChinaMember"/>
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    <link:label id="lab_ck0001432353_CustodyRiskMember_label_en-US" xlink:label="lab_ck0001432353_CustodyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Custody Risk Member</link:label>
    <link:label id="lab_ck0001432353_CustodyRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_CustodyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Custody Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_CustodyRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_CustodyRiskMember"/>
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    <link:label id="lab_ck0001432353_NewlyListedCompanyRiskMember_label_en-US" xlink:label="lab_ck0001432353_NewlyListedCompanyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Newly Listed Company Risk Member</link:label>
    <link:label id="lab_ck0001432353_NewlyListedCompanyRiskMember_documentation_en-US" xlink:label="lab_ck0001432353_NewlyListedCompanyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Newly Listed Company Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001432353_NewlyListedCompanyRiskMember" xlink:href="ck0001432353-20261008.xsd#ck0001432353_NewlyListedCompanyRiskMember"/>
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    <link:label id="lab_ck0001432353_GeographicRiskRiskOfInvestingInEmergingMarketsMember_documentation_en-US" xlink:label="lab_ck0001432353_GeographicRiskRiskOfInvestingInEmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Risk, Risk Of Investing In Emerging Markets Member</link:label>
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