Global X Announces Change To Risk Rating For The Unhedged Units Of Global X 1-3 Year U.s. Treasury Bond Index ETF
Global X Investments Canada Inc. ("Global X") today announced a change to the risk rating applicable to the...
- Global X changed the risk rating of the Unhedged Units of its 1-3 Year U.S. Treasury Bond Index ETF, effective immediately.
- The change came from an annual review based on the ETF's 10-year standard deviation of returns, and its investment objectives and strategies are unchanged.
- The Hedged Units (TSTX.F) and US$ Units (TSTX.U) keep their "Low" risk rating.
Global X Investments Canada Inc. (“Global X”) today announced a change to the risk rating applicable to the Unhedged Units of the Global X 1-3 Year U.S. Treasury Bond Index ETF (the “ETF”).
The change in risk rating is effective immediately and is detailed in the table below:
This change is the result of an annual review conducted in accordance with a standardized investment risk classification methodology, set out in National Instrument 81-102 Investment Funds, that is based on the historical volatility of the ETF as measured by the 10-year standard deviation of the returns of the ETF. If an ETF has less than 10 years of performance history, the investment risk level of the ETF is calculated using the return history of the ETF and, for the remainder of the 10-year period, the return history of a reference index that is expected to reasonably approximate the standard deviation of the ETF.
No changes have been made to the investment objectives or strategies of the ETF as a result of the change to the risk rating of the Unhedged Units of the ETF. A summary of the risk rating classification methodology, investment objectives and strategies of the ETF can be found in the ETF’s most recently filed prospectus.
The risk ratings of the Hedged Units (“TSTX.F”) and the US$ Units (“TSTX.U”) of the ETF are unchanged and remain “Low”.
About Global X Investments Canada Inc. (www.GlobalX.ca)
Global X Investments Canada Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X Fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $60 billion of assets under management and over 160 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $1 trillion of assets across 21 countries and global markets around the world.
Source : Global X Investments Canada Inc.
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