New Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
Global X will appoint Mirae Asset USA as sub-advisor for the Active Canadian Dividend ETF (HAL) and Active Global Dividend ETF (HAZ) effective July 1, 2026, replacing long-time manager Guardian Capital. The change introduces WealthSpot’s AI-powered quantitative models, combined with human oversight, to support portfolio management. At the same time, management fees will be reduced to 0.35% from 0.55% for HAL and to 0.50% from 0.65% for HAZ. The ETFs’ names, tickers, and investment objectives remain unchanged, while the two funds oversee more than $650 million in combined assets.
At a glance
- Beat
- Fund Updates
- Issuer
- Global X
- Region
- Canada
- Filed
- 1 June 2026
Source: Press Release
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