Global X Revises Risk Ratings for Two Canadian ETFs

Global X Investments Canada updated the risk ratings for two ETFs following its annual review under Canada’s standardized investment risk classification methodology. The Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM) was lowered from “Medium” to “Low to Medium,” while the Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) was raised from “Medium” to “Medium to High.” The assessments are based primarily on 10-year historical return volatility. The changes are effective immediately and do not alter either ETF’s investment objectives or strategies.