TORONTO, March 4,
2025 /CNW/ - Global X Investments Canada Inc.
("Global X" or the "Manager") announced today that it
has completed its changes (the "Changes") for three
exchange-traded funds, collectively, the Global X Equal Weight
Canadian Pipelines Index ETF ("PPLN"), Global X Artificial
Intelligence Semiconductor Index ETF ("CHPS") and Global X
Equal Weight Canadian Utilities Index ETF ("UTIL", and
together with PPLN and CHPS, the "ETFs").
The Changes follow approvals by unitholders of the ETFs at
special meetings held on February 27,
2025. The Changes are outlined below and are effective at
the opening of trading today, March 4,
2025.
"With these changes, including a management fee reduction for
both of PPLN and UTIL, we're confident these three ETFs will
continue to deliver potential opportunity and value for Canadian
investors," said Chris McHaney,
Executive Vice President, Investment Management & Strategy at
Global X.
Changes of Investment Objectives
The changes to each ETF's investment objective are as
follows:
|
ETF
|
Prior Investment
Objective
|
New Investment
Objective
|
|
PPLN
|
PPLN seeks to
replicate, to the extent possible, the performance of the Solactive
Pipelines & Energy Services Index, net of expenses. The
Solactive Pipelines & Energy Services Index is designed to
provide exposure to equity securities of certain Canadian oil and
gas companies in the Midstream Sector.
|
PPLN seeks to
replicate, to the extent reasonably possible and net of expenses,
the performance of an equal-weighted index designed to provide
exposure to the largest Canadian Pipeline companies (currently, the
Mirae Asset Equal Weight Canadian Pipeline Index).
|
|
CHPS
|
CHPS seeks to
replicate, to the extent possible and net of expenses, the
performance of an index that is designed to provide exposure to the
performance of global, publicly listed companies engaged in the
production and development of semiconductors and semiconductor
equipment. Currently, CHPS seeks to replicate the performance of
the Solactive Capped Global Semiconductor Index, net of expenses.
CHPS seeks to hedge the U.S. dollar value of its portfolio to the
Canadian dollar at all times.
|
CHPS seeks to
replicate, to the extent reasonably possible and net of expenses,
the performance of an index designed to provide exposure to public
companies listed on select US exchanges that are engaged in the AI
semiconductor value chain (currently, the PHLX US AI Semiconductor
Index).
|
|
UTIL
|
UTIL seeks to
replicate, to the extent possible, the performance of an index that
seeks to provide exposure to the performance of TSX-listed high
dividend-paying utility services companies. Currently, UTIL seeks
to replicate the performance of the Solactive Canadian Utility
Services High Dividend Index, net of expenses.
|
UTIL seeks to
replicate, to the extent reasonably possible and net of expenses,
the performance of an equal-weighted index designed to provide
exposure to the largest Canadian utilities companies (currently,
the Mirae Asset Equal Weight Canadian Utilities Index).
|
CHPS no longer seeks to hedge the U.S. dollar value of its
portfolio to the Canadian dollar at all times as part of its
fundamental investment objective.
Changes to ETF Names
The Manager has changed the names of each ETF to the names set
forth in the following table, effective at the opening of trading
today, March 4, 2025.The ticker
symbols of each ETF remain the same.
|
Ticker
Symbol
|
Prior ETF
Name
|
New ETF
Name
|
|
PPLN
|
Global X Pipelines
& Energy Services Index ETF
|
Global X Equal Weight
Canadian Pipelines Index ETF
|
|
UTIL
|
Global X Canadian
Utility Services High Dividend Index ETF
|
Global X Equal Weight
Canadian Utilities Index ETF
|
|
CHPS
|
Global X Semiconductor
Index ETF
|
Global X Artificial
Intelligence Semiconductor Index ETF
|
Changes to Management Fees
The management fees for each of PPLN and UTIL have been lowered
as set forth in the following table and are effective at the
opening of trading today, March 4,
2025.
|
Ticker
Symbol
|
Prior Management
Fee
|
New Management
Fee*
|
|
PPLN
|
0.55 %
|
0.25 %
|
|
UTIL
|
0.50 %
|
0.25 %
|
|
*Plus applicable
sales tax.
|
Changes to the Distribution Policy of PPLN
The Manager has changed the distribution policy for PPLN as set
forth in the following table, effective at the opening of trading
today, March 4, 2025. The
distribution policy for each of CHPS and UTIL remain unchanged.
|
Ticker
Symbol
|
Prior Distribution
Policy
|
New Distribution
Policy
|
|
PPLN
|
It is anticipated that
PPLN will make distributions to its respective Unitholders on a
quarterly basis, at the discretion of the Manager. Such
distributions will be paid in cash unless a Unitholder is
participating in the Reinvestment Plan.
|
It is anticipated that
PPLN will make distributions to its respective Unitholders on a
monthly basis. Such distributions will be paid in cash unless a
Unitholder is participating in the Reinvestment Plan.
|
Further details regarding the Changes can be found
at www.sedarplus.ca and www.GlobalX.ca.
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 $40 billion of assets
under management and 135 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. 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.
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 PHLX US AI Semiconductor Index has been licensed for use by
Global X Investments Canada Inc. from Nasdaq, Inc. (which with its
affiliates is referred to as the "Corporations"). The Global X
Semiconductor Index ETF has not been passed on by the Corporations
as to their legality or suitability. The Global X Semiconductor
Index ETF is not issued, endorsed, sold, or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO THE Global X Semiconductor Index ETF.
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.
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.
© 2025 Global X Investments Canada Inc. All Rights Reserved.
SOURCE Global X Investments Canada Inc.
