Mr. Jonathan McGuire reports

GLOBAL X ANNOUNCES PERMANENT MANAGEMENT FEE REDUCTIONS ON HFR, EMMX.U AND EAFX.U ETFS

Effective today, Global X Investments Canada Inc. is permanently reducing the annual management fees for the Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR), the Global X MSCI Emerging Markets Index ETF (EMMX.U) and the Global X MSCI EAFE Index ETF (EAFX.U).

Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR)

The investment objective of HFR is to generate income that is consistent with prevailing Canadian short-term corporate bond yields while reducing the potential effects of Canadian interest rate fluctuations on HFR. HFR invests primarily in a portfolio of Canadian debt (including debt-like securities) directly and hedges the portfolio's interest rate risk by maintaining a portfolio duration that is not more than one year. HFR may also invest directly in debt of United States companies, as well as indirectly through investments in securities of listed funds. HFR uses derivatives, including interest rate swaps, to deliver a floating rate of income.

Effective today, the annual management fee of HFR will be permanently reduced from 0.40 per cent of the net asset value of the units of HFR, plus applicable sales tax, to 0.25 per cent of the net asset value of the units of HFR, plus applicable sales tax.

The fee reduction for HFR is further described in the attached table.

"HFR is one of our largest and most popular fixed income mandates, with a track record spanning over 15 years and a proud history of industry recognition for risk-adjusted performance from LSEG Lipper and Fundata, alongside a five-star Morningstar Rating," said Erik Sloane, executive vice-president, head of distribution, at Global X. "Advisers and investors are looking for attractive income while reducing interest rate risk. That's where HFR can play an important role, combining actively managed corporate bonds with a floating-rate approach to limit the impact of rate changes. With interest rates increasing and fixed income securities returning to favour, we're making these changes proactively to the investor's benefit."

The ETF is subadvised by Fiera Capital Corp., one of Canada's largest fixed income managers. The subadviser uses fundamental credit research to select securities of issuers that are believed to offer attractive risk adjusted returns.

The investment objectives, strategies and existing name for HFR, as outlined in its prospectus, remain the same.

Global X MSCI Emerging Markets Index ETF (EMMX.U)

EMMX.U seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an index that is designed to measure the performance of the large- and mid-cap securities across emerging market countries (currently, the MSCI Emerging Markets Index).

Effective today, the annual management fee of EMMX.U will be permanently reduced from 0.25 per cent of the net asset value of the units of EMMX.U, plus applicable sales tax, to 0.17 per cent of the net asset value of the units of EMMX.U, plus applicable sales tax. The fee reduction is also applicable to the Canadian dollar-denominated units, traded under the ticker symbol EMMX.

The fee reduction for EMMX.U is further described in the attached table.

The investment objectives, strategies, and existing name for EMMX.U, as outlined in its prospectus, remain the same.

Global X MSCI EAFE Index ETF (EAFX.U)

EAFX.U seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an index that is designed to measure the performance of large and mid-cap securities across developed markets including countries in Europe, Australasia and the Far East, excluding the U.S. and Canada (currently, the MSCI EAFE Index).

Effective today, the annual management fee of EAFX.U will be permanently reduced from 0.20 per cent of the net asset value of the units of EAFX.U, plus applicable sales tax, to 0.14 per cent of the net asset value of the units of EAFX.U, plus applicable sales tax. The fee reduction is also applicable to the Canadian dollar-denominated units, traded under the ticker symbol EAFX.

The fee reduction for EAFX.U is further described in the attached table.

"Investors are taking a fresh look at how developed and emerging markets fit into the core of their portfolios, and EMMX and EAFX put that world of opportunity within reach," said Erik Sloane. "These reductions build on the fee reductions we announced and implemented last year for two other benchmark ETFs, including our S&P/TSX 60 and the Nasdaq-100 ETFs. Now, we are further extending our commitment to products tracking the MSCI emerging markets and MSCI EAFE indices. We are working hard to place Global X at the heart of Canadian investment portfolios, and we're backing that ambition with lower costs on the core exposures that investors and advisers count on."

The investment objectives, strategies and existing name for EAFX.U, as outlined in its prospectus, remain the same.

About Global X Investments Canada Inc.

Global X Investments Canada 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 approximately $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.