Mr. Jonathan McGuire of Global X Investments reports
GLOBAL X ANNOUNCES CHANGES TO RISK RATINGS FOR CERTAIN ETFS
Global X Investments Canada Inc. has made changes to the risk ratings applicable to two of its ETFs (exchange-traded funds).
The changes in risk ratings are effective immediately and are detailed in the table below.
These changes are 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 ETFs as a result of the changes to the risk ratings. A summary of the risk rating classification methodology, investment objectives and strategies of an ETF can be found in the ETF's most recently filed prospectus.
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