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™
All BetaPro 3X & -3X ETFs have their management fees rebated to 0.65% until the end of the year
BetaPro is the first, largest and longest-running family of leveraged, inverse, and inverse leveraged ETFs in
In addition to the launch, the Manager is simultaneously announcing a 50-basis points rebate (the "Rebates") on the New ETFs until
"From the global semiconductor boom to the magnitude of
More details on the New ETFs are outlined in the table below:
ETF Name |
Ticker |
Leverage |
Underlying |
Exchange |
Management
|
Effective |
3X |
S&P/TSX 60™ |
TSX |
1.15 % |
0.65 % |
||
-3X |
S&P/TSX 60™ |
TSX |
1.15 % |
0.65 % |
||
BetaPro 3x Semiconductor Daily Leveraged Bull Alternative ETF |
3X |
NYSE |
Cboe |
1.15 % |
0.65 % |
|
BetaPro-3x Semiconductor Daily Leveraged Bear Alternative ETF |
-3X |
NYSE |
Cboe |
1.15 % |
0.65 % |
|
BetaPro 3x US Treasury 20+ Year Daily Leveraged Bull Alternative ETF |
3X |
ICE |
Cboe |
1.15 % |
0.65 % |
|
BetaPro -3x US Treasury 20+ Year Daily Leveraged Bear Alternative ETF |
-3X |
ICE |
Cboe |
1.15 % |
0.65 % |
|
*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 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
Currency movements can introduce unwanted noise and reduce the precision of tactical trades. The New ETFs employ currency hedging to seek to neutralize
"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
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 (www.BetaPro.ca)
The BetaPro ETFs by Global X are managed by
About
For investor inquiries:
Please contact Global X at 1-866-641-5739 (toll-free) or (416) 933-5745 info@GlobalX.ca
Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by
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.
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