Global X celebrates its new identity with the opening of the Toronto Stock Exchange and announces upcoming ETF launches
Global X Investments Canada Inc. (Global X), formerly known as Horizons ETFs, is excited to announce the successful completion of its rebranding.
This morning, to mark the completion of the rebrand, Global X and its employees, along with industry partners, participated in the ceremonial opening of the Toronto Stock Exchange.
“Having built a strong reputation over two decades as one of Canada’s earliest and largest ETF providers, we are now ready to advance further under the Global X banner,” stated Rohit Mehta, a spokesperson for the company.
“By leveraging global strength, we aim to introduce an international bench of investment experts, technologies, and products to the Canadian marketplace.”
Global X, now under the ownership of South Korea’s Mirae Asset Global Investments, is recognized as one of the world’s largest ETF platforms. Mirae Asset Global Investments, a subsidiary of the Mirae Asset Financial Group, manages assets exceeding $710bn across 19 countries.
Concurrent with the rebrand, the company's existing Horizons-branded exchange traded funds, now dubbed the “Continuing ETFs,” have been updated to reflect the new Global X branding.
Their investment objectives, strategies, and ticker symbols remain unchanged, according to their respective prospectuses. The BetaPro ETF family, known for its suite of leveraged, inverse, and inverse leveraged ETFs, will not undergo branding changes.
Details on the Continuing ETFs and their new branding are available in a press release dated April 18, 2024, and on the company’s website.
“While our name has changed, our commitment to delivering tailored and in-demand investment solutions remains steadfast,” Mehta added.
Looking ahead, Global X has announced the upcoming launch of 17 new ETFs scheduled for release throughout May 2024.
These include four main categories: Equity Essentials, Thematic/Sector, Covered Calls & Options-Based, and Enhanced Index & Enhanced Covered Call ETFs.
These new offerings aim to provide exposure to essential equity indices, innovative themes, and additional income strategies through enhanced and options-based overlays. The new ETFs will feature partnerships with leading global index providers such as MSCI, Nasdaq, and S&P.
“The introduction of these new ETFs underscores our commitment to offering innovative investment solutions that meet the evolving needs of Canadian investors,” concluded Mehta.
The company unveiled its new website following a press release on March 6, that initially disclosed the rebrand.
