TORONTO, May 1, 2024
/CNW/ - Global X Investments Canada Inc. ("Global X" or the
"Company") is pleased to announce that it has completed its
rebrand (the "Rebrand") from Horizons ETFs, which was
previously announced by press release on March 6, 2024. The Company's new website is now
available and accessible at www.GlobalX.ca.
To celebrate the completion of the Rebrand, Global X, its
employees and industry partners participated in the opening of the
Toronto Stock Exchange this morning.
"As one of Canada's earliest
and currently largest ETF providers, we've built a reputation over
two decades for product innovation and local expertise," said
Mr. Mehta. "Now, as Global X, we're advancing that
reputation by harnessing global strength and bringing an
international bench of investment experts, technologies and
products to the Canadian marketplace."
Global X is one of the world's largest ETF platforms, with
an international footprint spanning Europe, Asia,
South America, Australia, the
United States and now, Canada. The Company and the Global X brand are
owned by South Korea's Mirae Asset
Global Investments, one of the world's largest asset managers and
part of Mirae Asset Financial Group, which manages more than
$710 billion in assets across 19
countries and markets.
"We're thrilled to unveil our transition to Global X and mark
our spot, where innovation meets investing in Canada," said Stephanie Wolfe, Executive Vice-President,
Marketing of Global X. "Today, we begin the process of building
the future of investing by empowering Canadian financial advisors
and investors with global choice, insight and opportunity."
Effective today, all of the Company's Horizons-branded exchange
traded funds (the "Continuing ETFs") now reflect the Global
X brand. The investment objectives, strategies and ticker symbols
of the ETFs, as outlined in their respective prospectuses, remain
the same. The Company's BetaPro ETF family, Canada's only suite of leveraged, inverse and
inverse leveraged ETFs, are not affected by the Rebrand.
The full list of Continuing ETFs and their new names can be
found in a press release published on April
18, 2024 with further details available on the Company's new
website.
"While we have a new name, our commitment remains the same:
to deliver innovative, in-demand and tailored investment solutions
for Canadians," said Mr. Mehta.
The completion of the Rebrand precedes a slate of 17 new ETFs
(the "New ETFs") that are scheduled for launch throughout
May 2024. The New ETFs are comprised
of four key suites:
- Equity Essentials: ETFs focused on providing essential
Canadian, U.S. and global equity index exposure in partnership with
the world's leading index providers.
- Thematic/Sector: ETFs focused on providing exposure to
nascent, innovative and difficult-to-access themes and
sectors.
- Covered Calls & Options-Based: ETFs that offer
equity and fixed income exposures and seek to generate additional
income through actively-managed covered call and options
programs.
- Enhanced Index & Enhanced Covered Call: ETFs that
offer 1.25x times leverage on underlying ETFs to potentially
amplify returns and covered call writing to enhance income.
Additional details about the New ETFs can be found in the Final
Prospectus published on Sedar+ and in the table below:
Name
|
Ticker
|
Launch
Date
|
Exchange
|
Equity
Essentials
|
Global X S&P 500
Index ETF
|
USSX.U
|
May 15, 2024
|
TMX
|
Global X S&P/TSX 60
Index ETF
|
CNDX
|
May 15, 2024
|
TMX
|
Global X Nasdaq-100
Index ETF
|
QQQX.U
|
May 15, 2024
|
TMX
|
Global X MSCI EAFE
Index ETF
|
EAFX.U
|
May 15, 2024
|
Cboe
|
Global X MSCI Emerging
Markets Index ETF
|
EMMX.U
|
May 15, 2024
|
Cboe
|
Thematic/Sector
|
Global X Artificial
Intelligence & Technology Index ETF
|
AIGO
|
May 15, 2024
|
TMX
|
Global X Innovative
Bluechip Top 10 Index ETF
|
TTTX
|
May 15, 2024
|
TMX
|
Covered Call &
Options-Based
|
Global X MSCI EAFE
Covered Call ETF
|
EACC
|
May 22, 2024
|
Cboe
|
Global X MSCI Emerging
Markets Covered Call ETF
|
EMCC
|
May 22, 2024
|
Cboe
|
Global X Short-Term
Government Bond Premium Yield ETF
|
PAYS
|
May 22, 2024
|
TMX
|
Global X All-Equity
Asset Allocation Covered Call ETF
|
EQCC
|
May 22, 2024
|
TMX
|
Enhanced Index &
Enhanced Covered Call
|
Global X Enhanced
S&P 500 Index ETF
|
USSL
|
May 22, 2024
|
TMX
|
Global X Enhanced MSCI
EAFE Index ETF
|
EAFL
|
May 22, 2024
|
Cboe
|
Global X Enhanced MSCI
Emerging Markets Index ETF
|
EMML
|
May 22, 2024
|
Cboe
|
Global X Enhanced
Nasdaq-100 Index ETF
|
QQQL
|
May 22, 2024
|
TMX
|
Global X Enhanced MSCI
EAFE Covered Call ETF
|
EACL
|
May 29, 2024
|
Cboe
|
Global X Enhanced MSCI
Emerging Markets Covered Call ETF
|
EMCL
|
May 29, 2024
|
Cboe
|
"As Global X, we're thrilled to announce the first wave of
our new investment solutions, including partnerships with MSCI,
Nasdaq and S&P – the world's leading index providers,
first-of-their-kind enhanced and options-based overlays, as well as
innovative A.I. and technology exposure," said Mr. Mehta.
"We're confident these new ETFs will offer Canadians the
potential, for a better way to invest for the future."
Investors with questions regarding the Rebrand and the
changes to the Continuing ETFs described in this press release are
encouraged to contact the Company at info@GlobalX.ca.
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 108 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.
Commissions, management fees, and expenses all may be associated
with an investment in products (the "Global X Funds") managed by
Global X Investments Canada Inc. The Global X Funds are not
guaranteed, their values change frequently and past performance may
not be repeated. Certain Global X Funds may have exposure to
leveraged investment techniques that magnify gains and losses which
may result in greater volatility in value and could be subject to
aggressive investment risk and price volatility risk. Such risks
are described in the prospectus. The Global X Money Market Funds
are not covered by the Canada Deposit Insurance Corporation, the
Federal Deposit Insurance Corporation, or any other government
deposit insurer. There can be no assurances that the money market
fund will be able to maintain its net asset value per security at a
constant amount or that the full amount of your investment in the
Funds will be returned to you. Past performance may not be
repeated. The prospectus contains important detailed information
about the Global X Funds. Please read the relevant prospectus
before investing.
The Global X Funds are not sponsored, endorsed, sold, or
promoted by S&P, TSX, Nasdaq, MSCI, MX Group, or Morningstar
and their affiliated companies and none of these parties make any
representation, warranty, or condition regarding the advisability
of buying, selling or holding units shares in the Global X Funds.
All trademarks/service marks are registered by their respective
owners. None of the owners thereof or any of their affiliates
sponsor, endorse, sell, promote or make any representation
regarding the advisability of investing in the Global X Funds.
Complete trademark and service-mark information are available
at http://www.GlobalX.ca/legal/Trademarks.
"Standard & Poor's®" and "S&P®" are registered
trademarks of Standard & Poor's Financial Services LLC
("S&P") and "TSX®" is a registered trademark of the TSX Inc.
("TSX"). These marks have been licensed for use by Global X
Investments Canada Inc. The ETF is not sponsored, endorsed, sold,
or promoted by the S&P, TSX, or their affiliated companies and
none of these parties make any representation, warranty, or
condition regarding the advisability of buying, selling or holding
units/shares of the ETF.
Nasdaq®, Nasdaq-100®, and Nasdaq-100® Index are trademarks of
The Nasdaq Stock Market, Inc. (which with its affiliates is
referred to as the "Corporations") and are licensed for use by
Global X Investments Canada Inc. The Product(s)have not been passed
on by the Corporations as to their legality or suitability. The
Product(s) are not issued, endorsed, sold, or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO THE PRODUCT(S).
The funds or securities referred to herein are not sponsored,
endorsed, or promoted by MSCI, and MSCI bears no liability with
respect to any such funds or securities or any index on which such
funds or securities are based. The Prospectus contains a more
detailed description of the limited relationship MSCI has with
Global X Investments Canada Inc. ("Global X") and any related
funds.
Certain statements may constitute a forward-looking statement,
including those identified by the expression "expect" and similar
expressions (including grammatical variations thereof). The
forward-looking statements are not historical facts but reflect the
author's current expectations regarding future results or events.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations. These and other
factors should be considered carefully and readers should not place
undue reliance on such forward-looking statements. These
forward-looking statements are made as of the date hereof and the
authors do not undertake to update any forward-looking statement
that is contained herein, whether as a result of new information,
future events or otherwise, unless required by applicable law.
Global X Investments Canada Inc. ("Global X") is a wholly owned
subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae
Asset"), the Korea-based asset management entity of Mirae Asset
Financial Group. Global X is a corporation existing under the
laws of Canada and is the manager
and investment manager of the Global X Funds.
© 2024 Global X Investments Canada Inc. All Rights Reserved.
SOURCE Global X Investments Canada Inc.