TORONTO, April 9, 2025 /CNW/ - Global X Investments Canada Inc. ("Global X") is pleased to announce rebates (the "Rebates") on the annual management fees on the Global X S&P/TSX 60 Index ETF ("CNDX") and its suite of Best of Canada ETFs listed below (together with CNDX, the "Rebated ETFs"), effective today.
GLOBAL X ANNOUNCES MANAGEMENT FEE REBATE TO 0% FOR BEST OF CANADA ETF SUITE (CNW Group/Global X Investments Canada Inc.)
The effective annual management fee for each of the Rebated ETFs for the remainder of the calendar year ending December 31, 2025, will be zero basis points (0.00%).
The majority of the Rebated ETFs are part of Global X's Best of Canada ETF suite, which offers concentrated exposure to the key sectors that help drive the Canadian economy forward and some of the largest and most liquid companies within them that are essential for fueling further growth in our country.
"Recently, it's been a challenging period for Canada's economy. That uncertainty has driven concerns about what's ahead for markets," said Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. "ButI believe that Canada's future is bright. By rebating our fees, we're looking to do our part by supporting and facilitating opportunities to help Canadians invest in the businesses that keep our country moving."
The Rebated 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 Rebated ETFs are further described in the table below:
Name
Ticker
Index Exposure
Management
Fee before Rebate*
Effective Management Fee until December 31, 2025
Global X Equal Weight Canadian Telecommunications Index ETF
"When we launched our 'Best of Canada' ETFs in 2024, we were motivated by the idea that a focused, sector-driven strategy could offer investors a more effective way to tap into Canada's top companies," said Rohit Mehta, President and CEO of Global X. "Today, our belief in this approach has only grown stronger as we continue to stand behind these products, support Canadian investors through valuable rebates, while championing investments in our country."
The Rebates are effective April 9, 2025. For more information on the Global X family of Best of Canada ETFs, investors can visit www.GlobalX.ca/Best-of-Canada-ETFs
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 131 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.
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.
Mirae Asset Global Index Private Limited (an affiliate of the Manager) owns all rights to the trademark, name and intellectual property associated with the Underlying Indices of the Index ETFs (in this disclaimer, the "Mirae Asset Indices"). No representation is made by Mirae Asset Global Index Private Limited that the Mirae Asset Indices are accurate or complete or that investment in a Mirae Asset Index or an Index ETF will be profitable or suitable for any person. The Mirae Asset Indices are administered and calculated by Mirae Asset Global Index Private Limited and Mirae Asset Global Index Private Limited will have no liability for any error in the calculation of the Mirae Asset Indices. Mirae Asset Global Index Private Limited does not guarantee that the Mirae Asset Indices or their underlying methodology is accurate or complete.
The Global X ETFs are not sponsored, endorsed, sold, or promoted by S&P, TSX, NASDAQ 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 ETFs. 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 ETFs. Complete trademark and service-mark information are available at http://www.GlobalX.ca/legal/Trademarks.
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.
