Global X Investments Canada Inc.

Global X Investments Canada Inc. is an innovative financial services company headquartered in Toronto, Ontario, dedicated to empowering Canadians to achieve their investment goals through a comprehensive suite of exchange-traded funds (ETFs). As a wholly-owned subsidiary of Mirae Asset Global Investments Co., Ltd., a Seoul-based global asset management entity, Global X leverages international expertise to provide local investment solutions.

The company offers one of Canada's largest and most diversified lineups of ETFs, catering to investors of all experience levels. Its product range spans disruptive technology, equity income, commodities, and hard-to-access emerging markets, including specialized thematic funds such as the Global X Space Tech Index ETF, Global X NYSE 100 Index ETF, and various covered call strategies. As of April 2026, Global X Investments Canada manages over $50 billion in assets across more than 150 ETFs listed on major Canadian stock exchanges.

Led by President and CEO Rohit Mehta, Global X Investments Canada Inc. maintains a strong market position as a leading ETF provider in the country. Recent notable developments include the launch of the Global X Space Tech Index ETF (ORBX) and the Global X U.S. Infrastructure Development Index ETF (PAVE) in April 2026, further expanding its innovative offerings. The firm is committed to delivering cutting-edge investment solutions, backed by the global footprint and extensive resources of its parent company, Mirae Asset Financial Group, which oversees over $1 trillion in assets worldwide.

Latest updates

Global X Adjusts Risk Ratings for Five ETFs Amid Annual Review

Event summary

  • Global X Investments Canada Inc. updated risk ratings for five ETFs effective May 4, 2026.
  • Changes reflect annual review based on 10-year historical volatility (or reference index for newer ETFs).
  • Two ETFs moved to higher risk categories, two to lower, and one to medium-to-high.
  • No changes to investment objectives or strategies despite risk rating adjustments.
  • Global X manages over 150 ETFs with $50B+ in AUM across Canadian exchanges.

The big picture

Global X's risk rating adjustments reflect standard annual reviews required by Canadian regulations, highlighting the importance of volatility metrics in ETF classification. The changes come amid growing scrutiny of investment risk in specialized sectors like defense tech and small-cap equities. With $50B+ in AUM, Global X's moves signal broader trends in risk management for thematic ETFs.

What we're watching

Volatility Trends
How the underlying sectors of these ETFs will affect future risk assessments.
Investor Behavior
Whether higher-risk classifications will impact investor allocations.
Regulatory Compliance
The pace at which Global X adapts to evolving risk classification methodologies.

Global X Launches U.S. Infrastructure ETF for Canadian Investors

Event summary

  • Global X Investments Canada Inc. launched the Global X U.S. Infrastructure Development Index ETF (PAVE.U) on the Toronto Stock Exchange (TSX) on April 30, 2026.
  • The ETF seeks to replicate the Indxx U.S. Infrastructure Development Index, focusing on U.S.-listed companies involved in infrastructure development.
  • This Canadian launch mirrors the existing Global X U.S. Infrastructure Development ETF (PAVE) which has been trading in the U.S. since 2017.
  • U.S. companies announced $1.4 trillion in new or expanded manufacturing facilities between January 2025 and mid-March 2026, driving demand for infrastructure development.

The big picture

The launch of PAVE.U capitalizes on the significant investment wave in U.S. infrastructure, particularly driven by reshoring and AI-related manufacturing. Global X is leveraging its existing U.S. ETF platform and Mirae Asset’s broader global reach to tap into Canadian investor demand for U.S. infrastructure exposure. This move highlights the increasing cross-border flow of investment products as Canadian investors seek opportunities beyond domestic markets.

What we're watching

Currency Risk
The ETF offers both Canadian and U.S. dollar-denominated units, and the lack of currency hedging could expose investors to fluctuations in the USD/CAD exchange rate, impacting returns.
Index Tracking
The ETF's success hinges on its ability to accurately track the Indxx U.S. Infrastructure Development Index, and any deviations could lead to performance discrepancies.
Investment Flow
The ETF's initial offering was handled by a designated broker, and the pace at which it attracts broader retail and institutional investment will determine its long-term viability.

Global X Launches First Canadian Space Economy ETF

Event summary

  • Global X Investments Canada Inc. launched the Global X Space Tech Index ETF (ORBX) on the Toronto Stock Exchange (TSX) on April 29, 2026.
  • ORBX is the first Canadian-listed ETF focused on the space economy, with a management fee of 0.49%.
  • The ETF tracks the Global X Space Tech Index, built by Mirae Asset Global Indices, which weights constituents based on modified market capitalization.
  • The global space economy is projected to reach $1 trillion in revenue, driven by advancements in launch technology and satellite miniaturization.
  • Similar space-focused ETFs are already trading on the New York Stock Exchange and the Korea Exchange.

The big picture

The launch of ORBX reflects the increasing commercialization and investor interest in the space economy, which is transitioning from government-dominated to a potential trillion-dollar market. Global X’s coordinated rollout across multiple exchanges signals a broader strategic push into thematic investing, leveraging Mirae Asset’s global platform to expand its reach. The ETF’s existence validates the demand for space-focused investment vehicles in Canada, a market previously underserved.

What we're watching

Index Composition
The index methodology caps individual security weights at 20%, and future performance will depend on the continued dominance of current constituents and the ability to incorporate new innovators.
Competitive Landscape
The introduction of ORBX establishes a Canadian-listed space economy ETF, and competition may intensify as other firms seek to capture this growing investor interest.
Market Adoption
The ETF's success hinges on attracting Canadian investors and demonstrating a track record of outperformance relative to broader market benchmarks.

Global X Launches NYSE 100 ETF, Expanding Cross-Border Strategy

Event summary

  • Global X Investments Canada Inc. launched the Global X NYSE 100 Index ETF (NYSX.U) on the Toronto Stock Exchange (TSX) on March 26, 2026.
  • The ETF tracks the newly created NYSE® 100 Index, which selects 100 technology and tech-enabled growth companies across U.S. exchanges.
  • A parallel ETF is already trading on the New York Stock Exchange (NYSE) via Global X ETFs, a U.S. affiliate.
  • The NYSE® 100 Index uses a modified float-adjusted market capitalization-weighted methodology, incorporating factors like price-to-sales ratio and net sales growth.
  • The ETF has a management fee of 0.09%.

The big picture

Global X’s launch of the NYSE 100 ETF represents a strategic move to capitalize on the growing demand for targeted technology exposure, particularly among Canadian investors. The ETF’s cross-listing strategy, leveraging Mirae Asset’s global network, signals an ambition to expand its reach beyond Canada and compete with established ETF providers. The index’s broader definition of ‘technology’ – encompassing tech-enabled companies across various sectors – reflects a shift away from traditional sector classifications and a recognition of the evolving nature of technological innovation.

What we're watching

Regional Expansion
The stated plans for European and Asian listings suggest a broader rollout strategy, which will test the ETF’s appeal and operational scalability across diverse regulatory environments.
Index Performance
The NYSE® 100 Index’s performance relative to traditional tech and growth benchmarks will be crucial in validating its differentiated approach and attracting investor capital.
Cross-Collaboration
The reliance on Mirae Asset’s global platform for distribution and expertise will determine the efficiency and effectiveness of this cross-regional collaboration model.

Global X ETFs Face Higher Hedging Costs Amid Commodity Volatility

Event summary

  • Global X Investments Canada Inc. is increasing forward agreement hedging costs for six ETFs, effective March 16, 2026.
  • Affected ETFs include leveraged and inverse ETFs tracking crude oil (HOU, HOD), gold (GLDU, GLDD), and silver (SLVU, SLVD).
  • Hedging costs are rising significantly for crude oil ETFs (up to 5.5% from up to 2.1%) and moderately for gold and silver ETFs.
  • The changes are attributed to increased volatility in the underlying commodity markets.
  • Management fees for the ETFs remain unchanged, and Global X will not receive additional payments as a result of the hedging cost adjustments.

The big picture

This adjustment highlights the challenges of managing leveraged and inverse ETFs, which are inherently sensitive to market volatility and require complex hedging strategies. The increased costs reflect a broader trend of rising risk premiums in commodity markets, potentially impacting the profitability and attractiveness of these specialized investment products. Global X, managing over $50 billion in assets, faces pressure to balance cost management with maintaining competitive ETF offerings.

What we're watching

Market Dynamics
Continued volatility in commodity markets will likely dictate the future level of hedging costs, potentially leading to further adjustments and impacting ETF performance.
Investor Sentiment
Investor reaction to the increased hedging costs will be crucial; a negative response could trigger outflows from the affected ETFs, particularly among retail investors.
Counterparty Risk
The reliance on bank counterparties for forward agreements exposes Global X to counterparty risk, and any issues with these relationships could further impact ETF costs and operations.

Global X Terminates Three ETFs, Signaling Strategy Shift

Event summary

  • Global X Investments Canada Inc. terminated three ETFs: Global X Industry 4.0 Index ETF (FOUR), Global X Enhanced MSCI EAFE Index ETF (EAFL), and Global X Enhanced MSCI Emerging Markets Index ETF (EMML).
  • The ETFs were delisted from the Toronto Stock Exchange and Cboe Canada on February 10, 2026, with termination effective February 17, 2026.
  • Final NAV per unit ranged from CAD 27.81 to CAD 58.58, with corresponding termination proceeds per unit.
  • Unitholders will receive proceeds from liquidation, less liabilities and expenses, on a pro-rata basis.
  • The non-cash distributions will be reinvested and reported as taxable distributions, increasing unitholder's adjusted cost base.

The big picture

The decision to terminate these ETFs, managing over $50 billion in AUM, signals a potential strategic recalibration within Global X, a subsidiary of Mirae Asset Financial Group. While thematic ETFs have gained popularity, performance and investor interest can fluctuate, prompting asset managers to periodically reassess their offerings. This move could be a response to underperformance, changing market conditions, or a desire to streamline the product suite.

What we're watching

Strategic Realignment
The termination of these ETFs suggests a potential shift in Global X's product strategy, possibly towards consolidation or a focus on different investment themes. Further ETF closures or product launches will be key indicators of this realignment.
Investor Sentiment
How unitholders react to the termination and the reinvestment of non-cash distributions will reveal investor sentiment towards Global X's management of thematic ETFs and its communication of strategic decisions.
Regulatory Scrutiny
The termination process and distribution of proceeds will be watched for any potential regulatory scrutiny regarding transparency and unitholder protection in ETF liquidations.

Global X Cuts Fees on Active Municipal Bond ETF

Event summary

  • Global X Investments Canada Inc. permanently reduced the management fee for the Global X Active Canadian Municipal Bond ETF (HMP) from 0.29% to 0.25% effective February 10, 2026.
  • The ETF, ticker HMP, invests in Canadian municipal bonds and is sub-advised by Fiera Capital Corporation.
  • Global X manages over $50 billion in assets as of January 31, 2026, across 156 ETFs.
  • Fiera Capital Corporation trades on the Toronto Stock Exchange under the ticker FSZ.

The big picture

Global X’s fee reduction on the HMP ETF signals a competitive response within the Canadian ETF market, particularly as firms seek to retain and attract investors. The move highlights the increasing pressure on asset managers to demonstrate value and transparency, especially in a low-interest-rate environment. This action could be a test case for Global X’s broader strategy regarding active management fees across its ETF suite.

What we're watching

Competitive Response
Other Canadian ETF providers may feel pressure to match or undercut Global X’s fee reduction, potentially triggering a broader price war within the municipal bond ETF space.
AUM Impact
The fee reduction’s impact on HMP’s assets under management will be key; lower fees could attract new investors, but may also signal margin pressure for Global X.
Fiera Alignment
The long-term implications of this fee adjustment on Fiera Capital's relationship with Global X, and the potential for similar actions across other sub-advised funds, warrants observation.

Canadian Investors Increasingly Rely on Finfluencers, Challenging Traditional Financial Advice

Event summary

  • A survey by Global X Investments Canada Inc. found that 70% of Canadian investors now consume financial content from creators (finfluencers).
  • Engagement is particularly high among Gen Z (94%) and Millennials (54%), with Gen Z averaging 4.9 views per week.
  • 79% of surveyed investors have made at least one investment based on finfluencer content.
  • 95% of those working with financial advisors are comfortable discussing finfluencer content with them.
  • Canadian regulators (CSA and CIRO) issued new guidance in December 2025 regarding online financial content and transparency.

The big picture

The rise of finfluencers represents a significant shift in how Canadians access financial information, bypassing traditional institutions and democratizing investment education. This trend is accelerated by younger generations' comfort with digital platforms and a desire for more accessible, relatable advice. Global X's findings highlight the need for financial institutions to understand and adapt to this evolving landscape, potentially through partnerships or internal content creation strategies, to remain relevant and competitive.

What we're watching

Regulatory Scrutiny
The CSA and CIRO’s guidance will likely intensify, potentially impacting the business models of finfluencers and the platforms they use, requiring increased compliance efforts.
Trust Dynamics
While finfluencers are gaining influence, the persistent 'trust gap' suggests traditional financial institutions will need to adapt and integrate these creators into their own educational strategies.
Content Evolution
The preference for shorter content among younger generations will likely drive finfluencers to experiment with new formats and delivery methods, potentially impacting the depth and complexity of financial information disseminated.
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