Horizons ETFs will operate as Global X, maintaining all current ETF offerings
Horizons ETFs Management (Canada) Inc. has announced that effective May 1, it will rebrand as Global X Investments Canada Inc. (Global X).
This change will also apply to the Horizons-branded exchange-traded funds (ETFs), which will reflect the Horizons' new branding while maintaining their existing investment objectives, strategies, and ticker symbols, as detailed in their respective prospectuses.
Rohit Mehta, president, and CEO of Horizons ETFs, expressed enthusiasm about the transition, stating, “We're excited to reintroduce our ETF suite under the Global X brand while continuing to deliver access to in-demand, tailored investment solutions for Canadians.”
Additionally, all affected ETFs will receive new Committee on Uniform Securities Identification Procedures numbers (CUSIP), expected to be effective concurrently with the rebranding.
The BetaPro ETF family, which includes Canada’s only suite of leveraged, inverse, and inverse leveraged ETFs, will not be impacted by these updates and will retain their current names, tickers, and CUSIPs.
A significant update is that the ticker for the Global X Pipelines and Energy Services Index ETF will change from HOG to PPLN, effective on or about May 1. The complete list of ETFs undergoing name changes, along with their new CUSIPs, has been provided to ensure clarity for stakeholders.
Mehta further commented, “As we get ready to expand our product shelf as Global X and embrace new opportunities for investment innovation, Canadians can rest assured that our long-standing offerings will continue to be accessible and deliver effective exposure under their existing tickers.”
The updates are scheduled to take effect on the Toronto Stock Exchange on or about May 1, marking a significant step in the Horizons’ evolution and its commitment to providing innovative investment solutions in Canada.
