TORONTO, July 23,
2024 /CNW/ - Global X Investments Canada Inc.
("Global X") is pleased to announce that it has lowered the
management on the Global X Active Canadian Bond ETF ("HAD"
or the "ETF"), effective today.
Beginning July 23, 2024, the
effective annual management fee for HAD will be thirty basis points
(0.30%) plus applicable sales taxes, following a management fee
reduction of twelve basis points (0.12%).
"At Global X, we are committed to making exceptional
investments more accessible for Canadians – that's why we've
decided to reduce the management fee on HAD, permanently," said
Rohit Mehta, President and CEO of
Global X. "HAD is one of Canada's longest-running actively-managed
fixed income ETFs and we are pleased to offer this cost-savings
opportunity to investors looking for a low-cost solution that
offers exposure to a broad portfolio of Canadian debt and debt-like
securities across governments, corporations and sectors."
ETF
Name
|
Ticker
|
Previous
Management
Fee*
|
Updated
Management
Fee*
|
Global X Active
Canadian
Bond ETF
|
HAD
|
0.42 %
|
0.30 %
|
*Plus applicable sales
tax
|
HAD was launched on October 12,
2012 and seeks long-term returns primarily through maximized
interest income and capital appreciation. The ETF invests primarily
in a portfolio of Canadian debt (including debt-like securities)
denominated in Canadian dollars.
Sub-advised by Fiera Capital Corporation, one of Canada's largest fixed income managers, HAD
seeks superior risk adjusted returns by offering the flexibility to
alter its duration in anticipation of interest rate changes.
For more information about HAD, please visit:
www.GlobalX.ca/Products/HAD
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 Fund 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.
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.
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. 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.
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.