TORONTO, Jan. 10,
2025 /CNW/ - Global X Investments Canada Inc. (the
"Manager") announced today that it will be terminating four
of its exchange traded funds (the "ETFs") effective at the
close of business on or about March 24,
2025 (the "Termination Date"). Details of the
terminating ETFs are as follows:
ETF
Name
|
Ticker
Symbol
|
Global X Carbon Credits
ETF
|
CARB
|
Global X ReSolve
Adaptive Asset Allocation Corporate Class ETF
|
HRAA
|
Global X S&P Green
Bond Index ETF
|
HGGB
|
Global X Metaverse
Index ETF
|
MTAV
|
Effective March 14, 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 March 18, 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.
(www.GlobalX.ca)
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 more than $38 billion of assets
under management and 134 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. Past performance may not be
repeated. The prospectus contains important detailed information
about the Global X Funds. Please read the relevant prospectus
before investing.
SOURCE Global X Investments Canada Inc.