Mirae Asset Management Launches Newly Rebranded 'Global X Canada'

Mirae Asset Global Investments announced on the 2nd that its Canadian exchange-traded fund (ETF) subsidiary, 'Global X Canada,' is launching anew through a name change.

Global X Canada (formerly Horizon ETFs) held a rebranding Market Open Ceremony on the 1st local time at the Toronto Stock Exchange in Canada, attended by CEO Rohit Mehta, employees, and industry stakeholders. From that day, ETF names that previously used the 'Horizon' brand were uniformly changed to 'Global X.' Aside from the names, tickers and management strategies remain unchanged.

On the same day, Global X Canada announced the launch of new Global X Canada ETFs. Seventeen ETFs, including the ‘Global X Artificial Intelligence & Technology Index ETF (AIGO)’, ‘Global X MSCI Emerging Markets Covered Call ETF (EMCC)’, and ‘Global X Innovative Bluechip Top 10 Index ETF (TTTX)’, are scheduled to be newly listed on the Canadian exchange in May. Global X Canada plans to lead the Canadian ETF market based on these innovative ETFs. As of the end of April, Global X Canada’s total assets under management stood at approximately 31.9 billion Canadian dollars (23.3 billion USD), ranking it 4th among Canadian ETF managers.

Currently, 'Global X' is preparing to become a top global brand. Established in March 2008 in the United States, Global X has built an excellent track record by introducing various innovative growth ETFs. Based on this, it recently opened the 2.0 era through leadership restructuring and plans to focus on enhancing competitiveness in the global ETF market.

To this end, Mirae Asset Global Investments has been working on integrating its global ETF brands. As of the end of April, Mirae Asset’s total net assets in global ETFs amount to approximately 160 trillion KRW. Prior to Canada, the Hong Kong and Colombia ETF brands were changed to ‘Global X Hong Kong’ and ‘Global X Colombia,’ respectively. Subsequently, Mirae Asset’s Brazil subsidiary rebranded as ‘Global X Brazil,’ and Australia’s ETF Securities was renamed ‘Global X Australia.’

Rohit Mehta, CEO of Global X Canada, said, “Over the past 20 years in the Canadian ETF market, we have introduced innovative and differentiated products, establishing ourselves as a representative ETF manager in Canada. Going forward, we will provide enhanced investment solutions based on Mirae Asset Group’s global network and the Global X ETF platform worldwide.”

Kim Young-hwan, President of Mirae Asset Global Investments, stated, “We expect the newly launched Global X Canada to offer local investors a new investment experience. Mirae Asset will continue to strive to introduce competitive products to ETF investors worldwide.”

This content was produced with the assistance of AI translation services.