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A Better Way To Access Fixed-Income Markets

01/05/24 - 12:01 am

Published May 1, 2024

GLOBAL X ACTIVE INCOME ETFS

Global X Active Fixed Income ETFs are sub-advised by some of Canada’s leading fixed-income managers and comprise a diversified suite of 7 ETFs. Because they are actively managed, they have the potential to achieve better risk-adjusted returns and generate higher levels of income, compared to passive indexing or higher-fee mutual funds.

TickerETF NameManagement Fee1 (%)
HFRGlobal X Active Ultra-Short Term Investment Grade Bond ETF (formerly Horizons Active Ultra-Short Term Investment Grade Bond ETF)0.40
HADGlobal X Active Canadian Bond ETF (formerly Horizons Active Cdn Bond ETF)0.42
HABGlobal X Active Corporate Bond ETF (formerly Horizons Active Corporate Bond ETF)0.50
HAFGlobal X Active Global Fixed Income ETF (formerly Horizons Active Global Fixed Income ETF)0.45
HMPGlobal X Active Canadian Municipal Bond ETF (formerly Horizons Active Cdn Municipal Bond ETF)0.29
HPRGlobal X Active Preferred Share ETF (formerly Horizons Active Preferred Share ETF)0.55
HYBRGlobal X Active Hybrid Bond and Preferred Share ETF (formerly Horizons Active Hybrid Bond and Preferred Share ETF)0.55

1 Plus applicable sales taxes.

GLOBAL X ACTIVE FIXED INCOME ETFS

A Diversified Suite of Fixed Income ETFs

  • Low duration and/or floating rate government and corporate bonds
  • Investment-grade or high-yield corporate bonds, floating-rate senior loans
  • Floating rate investment grade
  • Preferred shares

Advantages of Actively Managed ETFs
They:

  • Are not constrained by passive index rules
  • Can benefit from disciplined risk oversight
  • Can employ fundamental credit analysis

Disadvantages of Actively Managed ETFs
They:

  • May involve frequent trading, resulting in higher transaction costs, which could diminish a fund’s return
  • Have potential for ill-timed investment choices, which could hurt a fund’s performance
  • Active strategies are generally less tax-efficient than passive ones

DISCLAIMERS

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.

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. All comments, opinions and views expressed are generally based on information available as of the date of publication and should not be considered as advice to purchase or to sell mentioned securities. Before making any investment decision, please consult your investment advisor or advisors.

Categories: Education, Insights

Topics: Bonds, Fixed Income

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.

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, investment manager and trustee of the Global X Funds.

© 2024 Global X Investments Canada Inc. All Rights Reserved.