Latest news with #BetaPro
Business Wire
3 days ago
- Business
- Business Wire
Cboe Canada Lists New BetaPro ETFs from Global X, Offering 3x Leveraged and Inverse Market Exposure
TORONTO--(BUSINESS WIRE)-- Cboe Canada Inc. (' Cboe Canada ') is pleased to announce the launch of four new BetaPro ETFs from Global X Investments Canada Inc. (' Global X '). Now trading on Cboe Canada under the symbols SOXL, SOXS, TTLT and STLT, the new funds are designed to provide magnified (leveraged) or inverse exposure to the daily performance of a specific index, commodity, or sector. 'Today marks another exciting first on Cboe Canada with these launches from BetaPro by Global X,' said Victor Werny, Head of North American ETP Listings at Cboe Global Markets. 'We're proud to expand our partnership with BetaPro by Global X, a recognized leader in delivering cutting-edge, accessible investment solutions that meet the evolving needs of today's investors.' The four ETFs launched by Global X and their daily investment objectives are as follows: The BetaPro 3x Semiconductor Daily Leveraged Bull Alternative ETF (SOXL) is designed to provide 300% of the daily performance of the underlying NYSE Semiconductor Index, while the BetaPro -3x Semiconductor Daily Leveraged Bear Alternative ETF (SOXS) is designed to provide 300% of the inverse of the daily performance of the NYSE Semiconductor Index. Similarly, the BetaPro 3x US Treasury 20+ Year Daily Leveraged Bull Alternative ETF (TTLT) is designed to provide 300% of the daily performance of the ICE US Treasury 20+ Year Bond Index, while the BetaPro -3x US Treasury 20+ Year Daily Leveraged Bear Alternative ETF (STLT) is designed to provide 300% of the inverse of the daily performance of the ICE US Treasure 20+ Year Bond Index. Currency movements can introduce unwanted noise and reduce the precision of tactical trades. The new ETFs employ currency hedging to seek to neutralize U.S. dollar exposure, providing performance that may more accurately reflect the underlying U.S. indices. 'When taking a high-conviction position within a volatile sector or asset class, the last thing sophisticated Canadian traders want to see is their expectations and returns distorted by currency fluctuations,' said Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. 'The BetaPro 3X and -3X ETFs stand apart from the competition on this key differentiator with a built-in currency hedge structure, which helps to neutralize U.S. dollar movements. That means the potential for a better trading experience for Canadians.' Investors can trade units of all BetaPro by Global X ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all Cboe-listed securities in Canada. Cboe Canada is home to ETFs from Canada's largest ETF issuers, over 120 Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. Cboe consistently facilitates 20% of all volume traded in Canadian ETFs. About Cboe Canada Cboe Canada is a senior stock exchange providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data. Cboe Canada is part of Cboe Global Markets, the leading securities and derivatives exchange network. With exchanges in North America, Europe, and Asia Pacific, Cboe is harnessing its footprint around the world to equip Issuers with essential capital market solutions. Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,300+ Canadian ETFs, free of charge. About Global X Investments Canada Global X Investments Canada Inc. ('Global X') 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 over $40 billion of assets under management and 152 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $800 billion of assets across 19 countries and global markets around the world.
Cision Canada
3 days ago
- Business
- Cision Canada
BetaPro by Global X Expands Canada's Largest Leveraged ETF Suite with 3X & -3X Exposure to U.S. Treasuries, Semiconductors and the S&P/TSX 60™ Français
All BetaPro 3X & -3X ETFs have their management fees rebated to 0.65% until the end of the year TORONTO, Aug. 12, 2025 /CNW/ - Global X Investments Canada Inc. (" Global X" or the " Manager") is announcing the launch of six new ETFs (the " New ETFs") within its BetaPro by Global X (" BetaPro") suite, offering new ways to access three-times (" 3X") and minus three-times (" -3X") exposure to U.S. Treasuries, Semiconductors and the S&P/TSX 60 ™ Index. Units of the ETFs begin trading today on the Toronto Stock Exchange (" TSX") and Cboe Canada Inc. (" Cboe Canada"). BetaPro is the first, largest and longest-running family of leveraged, inverse, and inverse leveraged ETFs in Canada. With more than 17 years of trading in Canada across 38 ETFs, BetaPro by Global X is the Canadian leader in this ETF category. In addition to the launch, the Manager is simultaneously announcing a 50-basis points rebate (the " Rebates") on the New ETFs until December 31, 2025. For the duration of the Rebates, the effective management fee for the New ETFs is 0.65%. " From the global semiconductor boom to the magnitude of U.S. Treasuries, these new launches represent some of the most exciting sectors, indices and asset classes in recent market memory," said Erik Sloane, Executive Vice President, Head of Distribution at Global X. " As part of our mission, we are constantly exploring new ways to empower sophisticated Canadian traders to take advantage of volatility with today's market movers. These latest 3X and -3X launches are our most recent answer and offering to them." More details on the New ETFs are outlined in the table below: The New ETFs are designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to 300% of the daily performance of the specified Underlying Index, or 300% of the inverse of the daily performance of the specified Underlying Index. The New ETFs do not seek to achieve their stated investment objective over a period of time greater than one day and are not for investors who do not intend to actively monitor their investments daily. Any U.S. dollar gains or losses as a result of the ETFs' investments will be hedged back to the Canadian dollar to the best of their ability. Currency movements can introduce unwanted noise and reduce the precision of tactical trades. The New ETFs employ currency hedging to seek to neutralize U.S. dollar exposure, providing performance that may more accurately reflect the underlying U.S. equity indices. " When taking a high-conviction position within a volatile sector or asset class, the last thing sophisticated Canadian traders want to see is their expectations and returns distorted by currency fluctuations," said Erik Sloane. " The BetaPro 3X and -3X ETFs stand apart from the competition on this key differentiator with a built-in currency hedge structure, which helps to neutralize U.S. dollar movements. That means the potential for a better trading experience for Canadians." The Rebates are effective upon the launch of the New ETFs. The New ETFs are still subject to operating expenses, which are included in the Management Expense Ratio (" MER") and are still subject to trading costs, which are included in the Trading Expense Ratio (" TER"). The New ETFs closed their initial offering of units to their designated broker and will begin trading today on the TSX and Cboe Canada. About BetaPro by Global X ( The BetaPro ETFs by Global X are managed by Global X Investments Canada Inc. ("Global X"), a leading provider of leveraged, inverse, and inverse-leveraged exchange-traded funds listed on Canada's major stock exchanges. For over a decade, BetaPro has equipped Canadian traders with advanced tools to help navigate and capitalize on rapidly changing markets. Its innovative lineup of ETFs offers daily exposure to a wide range of indices and commodities, including the Nasdaq-100, S&P/TSX 60, gold, oil, and Bitcoin. Global X is a wholly owned subsidiary of Mirae Asset Financial Group, which manages over $800 billion in assets across 19 countries and global markets worldwide. About Global X Investments Canada Inc. ( Global X Investments Canada Inc. ("Global X") 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 over $40 billion of assets under management as at July 31, 2025, and 152 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. For investor inquiries: Please contact Global X at 1-866-641-5739 (toll-free) or (416) 933-5745 [email protected] 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 include our BetaPro products (the "BetaPro Products"). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in shares of a BetaPro Product decreases in value. The BetaPro Products include the 3x and -3x ETFs and will use leveraged and inverse leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These 3x and -3x ETFs are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their prospectus. Each 3x and -3x ETF seeks a return, before fees and expenses, that is equal to either 300% or –300% of the performance of a specified underlying index (the "Target") for a single day. Due to the compounding of daily returns, a 3x and -3x ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of their respective Target(s) for the same period. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. An investment in any of the BetaPro Products is not intended as a complete investment program and is appropriate only for sophisticated investors who have the capacity to absorb a loss of some or all of their investment. Please read the full risk disclosure in the prospectus before investing. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) remain consistent with their investment strategies. 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. Standard & Poor's®" and "S&P®" are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by Global X Investments Canada Inc. ("Global X") The Global X ETFs are not sponsored, endorsed, sold or promoted by S&P, and S&P makes no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the Global X ETFs. ICE Data Indices, LLC ("ICE Data"). ICE US Treasury 20+ Year Bond Index ("Index") is used with permission. "ICE US Treasury 20+ Year Bond Index SM/®" is a service/trademark of ICE Data or its affiliates and BofA® is a registered trademark of Bank of America Corporation licensed by Bank of America Corporation and its affiliates ("BofA") and may not be used without BofA's prior written approval]. These trademarks have been licensed, along with the Index for use by Global X Investments Canada Inc. in connection with BetaPro 3x US Treasury 20+ Year Daily Leveraged Bull Alternative ETF (TTLT) and BetaPro -3x US Treasury 20+ Year Daily Leveraged Bear Alternative ETF (STLT) (the "Products"). Neither Global X Investments Canada Inc. nor the Products, as applicable, are sponsored, endorsed, sold or promoted by ICE Data, its affiliates or its Third-Party Suppliers ("ICE Data and its Suppliers"). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general market performance. Past performance of an index is not an indicator of or a guarantee of future results. ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK. ICE Data Indices, LLC ("IDI") is used with permission. ICE® is a registered trademark of IDI or its affiliates and has been licensed, along with the Underlying Index, for use by the Manager in connection with SOXL and SOXS. "NYSE" is a registered trademark of NYSE Group, Inc., an affiliate of IDI and is used by IDI with permission and under a license. Neither the Manager or SOXL and SOXS, as applicable, is sponsored, endorsed, sold or promoted by IDI, its affiliates or its third party suppliers ("IDI and its Suppliers"). IDI and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in SOXL or SOXS particularly, or the ability of the Underlying Index to track general market performance. IDI's only relationship to the Manager is the licensing of certain trademarks and trade names and the Underlying Index or components thereof. The Underlying Index is determined, composed and calculated by IDI without regard to the Manager, SOXL, SOXS or their holders. IDI has no obligation to take the needs of the Manager or the holders of SOXL or SOXS into consideration in determining, composing or calculating the Underlying Index. IDI is not responsible for and has not participated in the determination of the timing of, prices of, or quantities of the Fund to be issued or in the determination or calculation of the equation by which the Fund is to be priced, sold, purchased, or redeemed. All information provided by IDI is general in nature and not tailored to the needs of the Manager or any other person, entity or group of persons. IDI has no obligation or liability in connection with the administration, marketing, or trading of SOXL or SOXS. IDI is not an investment adviser. Inclusion of a security within an index is not a recommendation by IDI to buy, sell, or hold such security, nor is it considered to be investment advice. IDI AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE UNDERLYING INDEX, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). IDI AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE UNDERLYING INDEX AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK. NEITHER THE INDICATION THAT NYSE IS LICENSED FROM NYSE GROUP. INC. OR USED BY IDI OR ITS AFFILIATES WITH PERMISSION FROM NYSE GROUP, INC. IN ANY WAY SUGGESTS OR IMPLIES A REPRESENTATION OR OPINION BY NYSE GROUP, INC. OR ANY SUCH AFFILIATES AS TO THE ATTRACTIVENESS OF INVESTMENT IN ANY SECURITIES, INVESTMENTS, OTHER FINANCIAL PRODUCTS, ENTERTAINMENT, MEDIA, ARTISTIC WORKS, ACADEMIC WORKS, EDUCATIONAL WORKS OR ANY OTHER PRODUCTS (COLLECTIVELY, "PRODUCTS"); AS TO THE POSSIBLE BENEFITS FROM ANY PRODUCTS; OR SPONSORSHIP, APPROVAL OR ENDORSEMENT OF IDI BY NYSE GROUP, INC. OR ANY OF IDI'S PRODUCTS (AS APPLICABLE). NYSE GROUP, INC. IS NOT THE ISSUER OF ANY SUCH PRODUCTS AND MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE WITH RESPECT THERETO OR REFLECTED THEREIN, NOR AS TO RESULTS TO BE OBTAINED BY ANY PERSON OR ANY ENTITY. This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase investment products (the "Global X Funds") 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. © 2025 Global X Investments Canada Inc. All Rights Reserved.
Cision Canada
17-06-2025
- Business
- Cision Canada
BetaPro by Global X Expands Canada's Largest Leveraged ETF Suite with New 3x and -3x U.S. Index ETFs & Announces Fee Rebates Français
With announced rebate, new ETFs from Canada's leader in leveraged funds are the lowest-cost 3x and –3x ETFs currently available in the world TORONTO, June 17, 2025 /CNW/ - Global X Investments Canada Inc. (" Global X" or the " Manager") is announcing the launch of four new ETFs (the " New ETFs") within its BetaPro by Global X (" BetaPro") suite that provide three-times (" 3x") and minus three-times (" -3x") exposure to the Nasdaq-100 ® and S&P 500 ® indices – the highest amount of leverage available in Canada through exchange traded funds (" ETFs") without exemptive relief. Units of the ETFs begin trading today on the Toronto Stock Exchange (" TSX"). BetaPro is the first, largest and longest-running family of leveraged, inverse, and inverse-leveraged ETFs in Canada. With more than 17 years of trading in Canada across 32 ETFs, BetaPro by Global X is the Canadian leader in this ETF category. In addition to the launch, the Manager is simultaneously announcing a 50-basis points rebate (the " Rebates") on the New ETFs until December 31, 2025. For the duration of the Rebates, the effective management fee for the New ETFs is 0.65%, making them the lowest-cost 3x and –3x ETFs currently available, globally. " From launching the world's first leveraged commodities ETFs in 2008 to its position today as Canada's leading leveraged, inverse and inverse leveraged ETF family, BetaPro has been the source for sophisticated traders in Canada seeking effective ETFs solutions for amplifying exposure," said Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. " In addition to adding 3x and –3x to Canada's largest suite of leveraged, inverse and inverse leveraged ETFs, we're offering a sizeable fee rebate, making these new ETFs the lowest cost of their kind, anywhere in the world, during the rebate." The New ETFs offer amplified exposure for sophisticated investors to two of the largest and most actively traded U.S. benchmarks – the S&P 500 ® and the Nasdaq-100 ® (the " Underlying Index"). Currency movements can introduce unwanted noise and reduce the precision of tactical trades. The New ETFs employ currency hedging to seek to neutralize U.S. dollar exposure, providing performance that more accurately reflects the underlying U.S. equity indices. More details on the New ETFs are outlined in the table below: *Plus applicable sales tax The New ETFs are designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to 300% of the daily performance of the specified Underlying Index, or 300% of the inverse of the daily performance of the specified Underlying Index. The ETFs do not seek to achieve their stated investment objective over a period of time greater than one day and are not for investors who do not intend to actively monitor their investments daily. Any U.S. dollar gains or losses as a result of the ETFs' investments will be hedged back to the Canadian dollar to the best of their ability. The Canadian Advantage: Investing in Canadian-listed vs. U.S.-listed 3x and –3x ETFs: Historically, Canadians seeking to access 3x and –3x ETFs have had to turn to the U.S. market for access. According to Investor Economics, Canadians currently hold an estimated $4 billion CAD in U.S.-listed leveraged, inverse and inverse leveraged funds. Now, with their expansion into Canada, Canadians have the choice to invest in 3x and –3x ETFs listed on the TSX, which could potentially result in improved tax and currency outcomes, relative to investing in U.S.-listed alternatives. By trading funds on foreign exchanges, including those in the U.S., Canadian investors holding those assets are exposed to foreign currency exposure risk and potential tax implications, such as U.S. estate tax, as well as additional tax filings. Unless a Canadian investor has a U.S. dollar trading account, they will have to convert from Canadian dollars into U.S. dollars each time they enter and exit the ETF. Considering these investments are meant for daily, short-term, tactical trades, those costs can significantly undercut the efficiency of U.S.-listed 3x and -3x ETFs, which are also designed for daily usage. " Since the start of 2025, Canadians have been looking for alternatives to U.S. products, so it only makes sense to offer them a way to repatriate some of their investment dollars," said Chris McHaney. "As Canada's leader in leveraged, inverse, and inverse leveraged ETFs, we wanted to give sophisticated Canadian traders a better way to harness market volatility and magnify their exposure, here at home." Data from the Chicago Board Options Exchange's Volatility Index shows volatility has recently picked up, with the highest spike recorded in April of this year, highlighting the potential for continued opportunity for sophisticated active traders. Inverse strategies, including –3x ETFs, can also be used to potentially profit off a short-term pullback. The launch of the 3x leveraged and 3x inverse leverage ETFs expands BetaPro's already extensive lineup of leveraged, inverse, and inverse-leveraged ETFs for sophisticated investors to 32, spanning four market indices, five major Canadian sectors, four major commodities, as well as an inverse bitcoin-focused ETF. Until recently, the highest available Canadian-listed ETFs that provided a fixed percentage of leverage on a particular index, sector of commodity were only available were up a maximum of 2x and -2x. The Rebates are effective upon the launch of the New ETFs. The New ETFs are still subject to operating expenses, which are included in the Management Expense Ratio (" MER") and are still subject to trading costs which are included in the Trading Expense Ratio (" TER"). The New ETFs closed their initial offering of units to their designated broker and will begin trading today on the TSX. About Global X Investments Canada Inc. ( Global X Investments Canada Inc. ("Global X") 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 approximately $40 billion of assets under management and 146 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $900 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 include our BetaPro products (the "BetaPro Products"). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in shares of a BetaPro Product decreases in value. The BetaPro Products include the 3x and -3x ETFs described in this press release. The 3x and -3x ETFs will use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These 3x and -3x ETFs are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their prospectus. Each 3x and -3x ETF seeks a return, before fees and expenses, that is equal to either 300% or –300% of the performance of a specified underlying index (the "Target") for a single day. Due to the compounding of daily returns, a 3x and -3x ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of their respective Target(s) for the same period. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. An investment in any of the BetaPro Products is not intended as a complete investment program and is appropriate only for sophisticated investors who have the capacity to absorb a loss of some or all of their investment. Please read the full risk disclosure in the prospectus before investing. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) remain consistent with their investment strategies. 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. Standard & Poor's ®" and "S&P ®" are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by Global X Investments Canada Inc. ("Global X") The Global X ETFs are not sponsored, endorsed, sold or promoted by S&P, and S&P makes no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the Global X ETFs. 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). This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase investment products (the "Global X Funds") 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. © 2025 Global X Investments Canada Inc. All Rights Reserved. SOURCE Global X Investments Canada Inc.
Cision Canada
09-06-2025
- Business
- Cision Canada
GLOBAL X ANNOUNCES ETF CLOSURES Français
TORONTO, June 9, 2025 /CNW/ - Global X Investments Canada Inc. (the " Manager") announced today that it will be terminating five of its exchange traded funds (the " ETFs") effective at the close of business on or about August 19, 2025 (the " Termination Date"). Details of the terminating ETFs are as follows: Effective August 11, 2025, except in limited circumstances, no further direct subscriptions for securities of the ETFs will be accepted. The ETFs are expected to be de-listed from the Toronto Stock Exchange, at the request of the Manager, at the close of business on or about August 13, 2025, with all securities still held by investors being subject to a mandatory redemption as of the Termination Date. Any remaining securityholders of an ETF as at the Termination Date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the ETF, on a pro rata basis. About Global X Investments Canada Inc. ( Global X Investments Canada Inc. ("Global X") 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 approximately $40 billion of assets under management and 142 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $900 billion of assets across 19 countries and global markets around the world. For media inquiries: Contact Jonathan McGuire Vice President, Communications Global X Investments Canada Inc. (647) 289-3324 [email protected] 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. 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 BetaPro Products consist of our Daily Bull and Daily Bear ETFs ("Leveraged and Inverse Leveraged ETFs"), Inverse ETFs ("Inverse ETFs"), and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the "VIX ETF"). The Leveraged and Inverse Leveraged ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which are described in their respective prospectuses. Each Leveraged and Inverse Leveraged ETF seeks a return, before fees and expenses, that is either up to or equal to, either 200% or –200% of the performance of a specified underlying index, commodity futures index, or benchmark (the "Target") for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its Target. Due to the compounding of daily returns a Leveraged and Inverse Leveraged ETF's or Inverse ETF's returns over periods other than one day will likely differ in amount and, particularly in the case of the Leveraged and Inverse Leveraged ETFs, possibly direction from the performance of their respective Target(s) for the same period. 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Yahoo
30-01-2025
- Business
- Yahoo
Gold Stocks Shine in Toronto as Yawning Rate Gap Pummels Loonie
(Bloomberg) -- As Canada's currency weakens, fund managers are leaning into sectors that pay expenses in the local currency while collecting revenue in US dollars. That has made buying stocks in gold miners a jackpot trade as the so-called loonie is expected to fall further. Trump's Federal Funding Pause Threatens State Financials NYC Subway's Most Dangerous Stations Are on Lexington Ave. Line Texas HOA Charged With Discrimination for Banning Section 8 Renters Housing Aid Uncertain After Trump's Spending Freeze Memo Newsom Enlists Magic Johnson, Guggenheim CEO for LA Rebuilding If the Bank of Canada cuts interest rates by 25 basis points on Wednesday, while the Federal Reserve holds steady — outcomes expected by swaps markets — the rate differential would stretch to 150 basis points, based on the upper bound of the US benchmark rate. That would likely push Canada's dollar even lower, a boon for a handful of Canadian companies. Laura Lau, chief investment officer at Brompton Corp., said Toronto-listed gold miners like Agnico Eagle Mines Ltd. and Alamos Gold Inc. have the benefit of paying their costs in Canada's currency and selling their production in US dollars. A weaker loonie can actually expand their margins. Gold stocks have been a standout sector this year. The 26-member S&P/TSX Gold subindex has climbed 9% in 2025 — more than three times better than the broader S&P/TSX Composite Index. Five of the top 10 performing stocks in the Canadian benchmark are gold names, including Kinross Gold Corp., which leads the group with a 15% gain. Also, the BetaPro Canadian Gold Miners 2x Daily Bull ETF has seen two straight months of inflows, marking its longest such streak since February. The miners' gains are outpacing the price of gold, up about 3.7% this year. Lau is also looking at Canadian insurance names like Manulife Financial Corp. and Sun Life Financial Inc., which have large US businesses that earn in US dollars, and, since they offer a service rather than an exported good, won't be subject to tariffs from US President Donald Trump. Usually, Canada's oil and gas producers would also benefit from a weaker loonie, but the country's energy sector is seen as a target for US import taxes. Trump's threats, combined with political instability in Canada, have dragged the loonie down to trade around its lowest levels since 2020. Traders are betting on the downturn to persist, potentially to a record low this year. Colin Cieszynski, chief market strategist at SIA Wealth Management Inc., expects the Canadian dollar to continue weakening and for investors to consolidate in sectors like gold and copper. 'You still have the weaker Canadian dollar helping them,' he said. In the face of anemic growth, the BOC has been 'hitting the panic button' with consecutive half-point cuts to close out 2024, Cieszynski said. In contrast, Fed Chair Jerome Powell has said the US central bank should look to ease monetary policy at a slower pace, pointing to a strong domestic economy. Many strategists and fund managers in Canada have adjusted their playbooks for 2025 in response to the growing rate differential with the US, as well as the threat of tariffs from Trump. Jim Thorne, chief market strategist at Wellington Altus Private Wealth, says investors should focus on US stocks, where he sees stronger prospects for earnings growth. Others see Canada's broader market on an upswing. Brian Madden, chief investment officer at First Avenue Investment Counsel, said Canadian corporate earnings hit their trough in the third quarter of 2024, and he expects double-digit growth this year. 'There's good scope for the TSX to continue moving higher and it's driven by earnings growth,' he said. What America's Tech Billionaires Really Bought When They Backed Donald Trump Musk Pitches New Narrative as Tesla Sales Fall Forget Factories, Small US Towns Want Buc-ee's Gas Stations The CDC Won't Give the Public a Full Picture of Fertility Treatment Risks Elon Musk's Inaugural Highs (and Lows) ©2025 Bloomberg L.P. Sign in to access your portfolio
