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2025-06-10 05:27
Global X Investments Canada said Monday it will terminate five of its exchange-traded funds starting at the close of business on or about Aug. 19, 2025.
Those funds include Global X Cybersecurity Index ETF (HBUG), BetaPro Equal Weight Canadian Bank 2x Daily Bull ETF (ATMU), BetaPro Equal Weight Canadian Bank -2x Daily Bear ETF (ATMD), BetaPro Equal Weight Canadian REIT 2x Daily Bull ETF (RITU) and BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF (RITD).
Effective Aug. 11, 2025, except in limited circumstances, no further direct subscriptions for securities of the ETFs will be accepted.
The ETFs are expected to be delisted from the Toronto Stock Exchange, at the request of Global X, at the close of business on or about Aug. 13, 2025.
Any remaining securityholders of an ETF as at the termination date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the ETF, on a pro rata basis.
Global X has about $40B of assets under management and 142 ETFs listed on major Canadian stock exchanges.