Global X expands ETF lineup with new Canada-focused and income-generating funds

Global X Investments Canada Inc. has announced the launch of nine new ETFs, expanding its suite to include the Best of Canada, Premium Yield, and Equity Essentials and Sector Equity ETFs.  

Units of these ETFs began trading today on the Toronto Stock Exchange (TSX) and Cboe Canada. 

The new Best of Canada ETFs provide exposure to major Canadian sectors, including Telecommunications, Insurance, Groceries, and Staples.  

This suite also includes the Global X Equal Weight Canadian Banks Index ETF (HBNK), which focuses on Canada’s ‘Big Six’ banks and has accumulated nearly $1bn in assets since its launch on July 5, 2023.  

Best of Canada ETF Suite 

The Best of Canada ETFs concentrate on sector leaders with fewer than ten constituents per fund, ensuring focus on the most liquid securities in each sector. 

“We've seen Canadians invest billions in concentrated, equal-weight bank ETFs,” stated Rohit Mehta, president, and CEO of Global X, adding that the suite was developed to provide access to core Canadian industries and prominent companies within them. 

Table: Best of Canada ETFs 

Premium Yield ETF Suite 

Two new ETFs join the Premium Yield suite, aimed at providing higher monthly income through active options management overlay. The suite now includes strategies covering short, medium, and long-duration government bonds, combining Canadian and US Treasury securities. 

“Canadians seek fixed income investments offering both security and regular income,” said Chris McHaney, executive vice president, Investment Management and Strategy, noting that the Premium Yield suite helps investors pursue these goals across different durations. 

Table: Premium Yield ETFs 

Equity Essentials, Thematic & Covered Call ETF Additions 

Global X has expanded its Equity Essentials suite with new offerings, including exposure to the Russell 2000 small-cap segment of the US equity market.  

Investors can access this index through the Global X Russell 2000 Index ETF (RSSX.U) or an income-focused, covered call approach via the Global X Russell 2000 Covered Call ETF (RSCC). 

Additionally, Global X has introduced the Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY) and the Global X Gold Producers Index ETF (GLDX), providing exposure to Canadian oil and gas and North American-listed gold producers, respectively. 

Table: Equity Essentials, Thematics, and Sector Equity ETFs 

Distribution Schedule 

All newly launched ETFs are expected to provide regular distributions. The anticipated schedule is as follows: 

• Monthly distributions: RING, SAFE, NRGY, RSCC, PAYM, PAYL 

• Annual distributions: GLDX, MART 

• Quarterly distributions: RSSX.U 

The first distribution payments for Premium Yield ETFs and RSCC are expected around December 6, 2024, with the ex-dividend date set for November 29, 2024. Distribution details are outlined below: 

Table: Anticipated Initial Distributions 

*Subject to change based on market fluctuations. 

The ETFs closed their initial unit offering to designated brokers on November 6, and trading commenced yesterday on the TSX and Cboe Canada.