BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF
RITD.TO
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ROIC.AI
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- BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF (TSX:RITD), managed by Global X Investments Canada Inc., seeks, before fees and expenses, daily investment results corresponding to two times (200%) the inverse of the daily performance of the Solactive Equal Weight Canada REIT Index; the ETF employs short positions through forward agreements and cash collateral, with top holdings including cash held for collateral (86.4%), forward agreements (10.9%) and other cash (2.7%) as of December 31, 2024. Launched on September 2, 2021, and listed on the Toronto Stock Exchange, it targets sophisticated investors seeking leveraged inverse exposure to Canadian real estate investment trusts (REITs) across equity REITs and mortgage REITs in the financials and real estate sectors; the fund features a management expense ratio of 1.99%, trading expense ratio of 0.72% and average bid-ask spread of 1.93%, with assets under management of $3.5 million as of December 31, 2024. Domiciled in Canada with headquarters in Toronto, Ontario, it forms part of the BetaPro suite offered by Global X Investments Canada Inc., a subsidiary of Mirae Asset Financial Group. Recent major changes include a ticker symbol update from HRED to RITD effective January 20, 2025, to better reflect its exposure alongside other BetaPro ETFs; additionally, the ETF was terminated effective August 19, 2025, with a mandatory redemption announced, leading to delisting and cash distribution to remaining holders. Prior to termination, it delivered year-by-year returns of 34.6% in 2022, -0.4% in 2023 and -2.4% in 2024, with high volatility rated by the manager.