TORONTO, Aug. 9, 2024
/CNW/ - Global X Investments Canada Inc. ("Global X")
today announced changes to the risk ratings applicable to six of
its ETFs.
The changes in risk ratings are effective immediately and are
detailed in the table below:
|
ETF
|
Ticker
|
Previous Risk
Rating
|
New Risk
Rating
|
|
Global X Nasdaq-100
Covered Call ETF
|
QQCC
|
Medium
|
Medium to
High
|
|
Global X Industry 4.0
Index ETF
|
FOUR
|
Medium to
High
|
High
|
|
Global X S&P Green
Bond Index ETF
|
HGGB
|
Low to
Medium
|
Low
|
|
Global X Enhanced Equal
Weight Banks Index ETF
|
BNKL
|
Medium to
High
|
High
|
|
Global X Enhanced
Nasdaq-100 Covered Call ETF
|
QQCL
|
Medium to
High
|
High
|
|
Global X Growth Asset
Allocation ETF
|
HGRW
|
Medium
|
Low to
Medium
|
These changes are the result of an annual review conducted in
accordance with a standardized investment risk classification
methodology, set out in National Instrument 81-102 Investment
Funds, that is based on the historical volatility of the ETF as
measured by the 10-year standard deviation of the returns of the
ETF. If an ETF has less than 10 years of performance history, the
investment risk level of the ETF is calculated using the return
history of the ETF and, for the remainder of the 10-year period,
the return history of a reference index that is expected to
reasonably approximate the standard deviation of the ETF.
No changes have been made to the investment objectives or
strategies of these ETFs as a result of the changes to the risk
ratings. A summary of the risk rating classification methodology,
investment objectives and strategies of an ETF can be found in the
ETF's most recently filed prospectus.
About Global X Investments Canada Inc.
(www.GlobalX.ca)
Global X Investments Canada Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The Global
X product family includes a broadly diversified range of solutions
for investors of all experience levels to meet their investment
objectives in a variety of market conditions. Global X has more
than $30 billion of assets under
management and 125 ETFs listed on major Canadian stock exchanges.
Global X is a wholly owned subsidiary of the Mirae Asset Financial
Group, which manages more than $800
billion of assets across 19 countries and global markets
around the world.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase exchange traded products managed by Global
X Investments Canada Inc. (the "Global X Funds") and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Individuals
should seek the advice of professionals, as appropriate, regarding
any particular investment. Investors should consult their
professional advisors prior to implementing any changes to their
investment strategies. These investments may not be suitable to the
circumstances of an investor.
Commissions, management fees, and expenses all may be
associated with an investment in the Global X Funds. The Global X
Products are not guaranteed, their values change frequently and
past performance may not be repeated. The prospectus contains
important detailed information about the Global X
Products. Please read the relevant prospectus before
investing.
© 2024 Global X Investments Canada Inc. All Rights Reserved.
SOURCE Global X Investments Canada Inc.
