GLOBAL X ANNOUNCES UPCOMING SUB-ADVISOR CHANGE & MANAGEMENT FEE REDUCTION FOR TWO ACTIVE DIVIDEND-FOCUSED ETFs
In addition, effective
As part of its sub-advisory mandate,
In addition to the upcoming sub-advisory mandates for HAZ and HAL,
"We are excited to take on the role of sub-advisor to thesefunds, utilizing WealthSpot's proprietary A.I. technology and deep portfolio management expertise for their unitholders," said
The ETFs are both actively managed dividend-focused mandates, with combined assets under management of more than
|
ETF Name |
Ticker |
Investment Objective |
Current |
New
|
|
Global X Active Canadian Dividend ETF |
HAL |
HAL seeks long-term total returns consisting of regular dividend income and long-term capital growth. HAL invests primarily in equity securities of North American companies with above average dividend yields. |
0.55 % |
0.35 % |
|
Global X Active Global Dividend ETF |
HAZ |
HAZ seeks long-term returns consisting of regular dividend income and modest long-term capital growth. HAZ invests primarily in equity and equity related securities of companies with operations located anywhere in the world. |
0.65 % |
0.50 % |
Since their inception in 2010, both ETFs have been sub-advised by
"
Today we welcome the future of these ETFs with
For further information about HAL, please visit: www.GlobalX.ca/product/HAL
For further information about HAZ, please visit: www.GlobalX.ca/product/HAZ
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 $55 billion of assets under management and over 155 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $1 trillion of assets across 21 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.
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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.
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