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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
|
Name
|
Ticker
|
Index Exposure
|
Exchange
|
Management Fee
|
|---|---|---|---|---|
|
Global X Equal Weight Canadian Telecommunications Index ETF
|
RING
|
Mirae Asset Equal Weight Canadian Telecommunications Index
|
TSX
|
0.25 percent
|
|
Global X Equal Weight Canadian Groceries & Staples Index ETF
|
MART
|
Mirae Asset Equal Weight Canadian Groceries & Staples Index
|
TSX
|
0.25 percent
|
|
Global X Equal Weight Canadian Insurance Index ETF
|
SAFE
|
Mirae Asset Equal Weight Canadian Insurance Index
|
TSX
|
0.25 percent
|
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.