Global X launches seven new index ETFs in Canada

Global X Investments Canada Inc. (Global X) has announced the launch of seven new index ETFs that provide Canadian investors with access to major global indices and sectors.  

These ETFs, now trading on the Toronto Stock Exchange and Cboe Canada, include the following:   

1. Global X S&P 500 Index ETF (USSX.U/USSX) - offering exposure to the S&P 500® Index. 

2. Global X S&P/TSX 60 Index ETF (CNDX) - targeting the S&P/TSX 60™ Index. 

3. Global X Nasdaq-100 Index ETF (QQQX.U/QQQX) - linked to the Nasdaq-100® Index. 

4. Global X MSCI EAFE Index ETF (EAFX.U/EAFX) - covering the MSCI EAFE Index. 

5. Global X MSCI Emerging Markets Index ETF (EMMX.U/EMMX) - focusing on the MSCI Emerging Markets Index. 

6. Global X Artificial Intelligence & Technology Index ETF (AIGO) - providing exposure to the Indxx Artificial Intelligence & Big Data Index. 

7. Global X Innovative Bluechip Top 10 Index ETF (TTTX) - connected to the Mirae Asset Global Innovative Bluechip Top 10 Index. 

This marks the first launch under the Global X brand, following the rebranding from Horizons ETFs, effective May 1.   

The new offerings are divided into two categories: Equity Essentials and Thematics. The Equity Essentials includes five ETFs featuring low-cost access to indices managed by leading providers such as Nasdaq, S&P, and MSCI.  

Rohit Mehta, president and CEO of Global X, expressed his enthusiasm about the partnership with these index providers, noting the importance of these indices in capturing global economic growth across Canada, the United States, and internationally.   

The Thematics category introduces two ETFs focusing on artificial intelligence and large-capitalization technology sectors, reflecting key investment trends globally.  

“The Global X brand is synonymous with innovation, especially in thematic investment strategies,” Mehta stated, emphasizing the potential of these new ETFs to tap into tech-focused investment opportunities.   

The ETFs are available in both US and Canadian dollars, with US dollar units identified by a “.U” at the end of their tickers. Detailed information about these ETFs, including their tickers, index exposure, and management fees, is provided to guide investors.   

Fiona Boal from S&P Dow Jones Indices, Cameron Lilja from Nasdaq, and Christine Berg from MSCI commented on their respective indices' roles in shaping market access and investor insight.  

These indices are designed to provide systematic tracking and actionable insights into the performance of large-cap equities in the US and Canadian markets, as well as global emerging and established markets.   

Rahul Sen Sharma from Indxx highlighted the increasing integration of AI and data solutions in industries worldwide, noting the growing business reliance on automation.  

He expressed excitement about bringing such innovative strategies to the Canadian market through the partnership with Global X Canada.   

Nitin Verma from Mirae Asset Global Indices also remarked on the significance of providing access to leading technology companies through the Global X ETF, underscoring the importance of innovation and breakthroughs driven by these companies. 

Global X also plans to launch ten additional funds throughout May, including in its Covered Call suite, which combines key index and sector exposure with options strategies to generate extra income.  

Additionally, the new funds in the Global X's Enhanced suite will apply 1.25 times leverage to potentially amplify returns and income from underlying strategies.   

The ETFs concluded their initial offering to designated brokers on May 14, and commenced trading on the TSX and Cboe Canada.