Feeling Marginally Worried?

June 19, 2017
worry.jpg 

BY: NICOLAS PIQUARD, CFA®, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

I have seen rumblings in the press recently that we are setting new highs in borrowed margin, based on New York Stock Exchange (“NYSE”) data. The theory goes like this: As more people borrow on margin to purchase stocks, they will be less able to navigate a down-move in equities.

Read More

Unique Potential Buying Opportunity for Preferred Shares

June 13, 2017
preferred.jpg 

BY: MARK NOBLE, SENIOR VICE-PRESIDENT AND HEAD OF SALES STRATEGY, HORIZONS ETFS (CANADA) INC.

Preferred shares have been one of the hottest income-focused trades for well over a year now. One reason for this has been a bounce-back in the five-year Government of Canada (GOC) interest rate.

Read More

Carr Wins Cash in the Biggest Winner 7

June 12, 2017
biggestwinner7.jpg  

Congratulations to Maxwell Carr of Mississauga, Ontario. He recently won $500 for having the best single-week returns in The Biggest Winner 7 trading competition.

Read More


A Bizarro Market

June 09, 2017
header.jpg  

BY: HANS ALBRECHT, CIM®, FCSI®, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

Thus far, 2017 has been one of the least volatile years ever. Yet, we still hear questions about why markets are calm in an environment of such uncertainty. But where is this uncertainty?

Read More

Protection is Cheap Again. Use It.

May 31, 2017
insurance.jpg 

BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

When we talk about risks in option trading, the ‘Option Greeks’ can help us to navigate the effects that a number of variables can have on our performance.

Read More

Collar that Bird

May 18, 2017
banner.jpg  

BY: HANS ALBRECHT, CIM®, FCSI®, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

When we confess, we begin to heal. So, I accept responsibility for my sin – I bought Twitter (TWTR) at $33. There. I feel better already.

Read More

Respect for Risk

May 11, 2017
header.jpg  

BY: HANS ALBRECHT, CIM®, FCSI®, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

Those who trade options are often in one of two camps. In one, there are a handful of thrill-seekers who love using the inherent leverage in long options to capitalize on a potential move. In the other, there’s the majority – those who love shorting options and kicking back while the theta decay trickles in over time.

Read More

VIX, a la Mode

May 03, 2017
Reverting to the Mean 

BY: HANS ALBRECHT, CIM®, FCSI®, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

The VIX (an index that shows the market’s expectation of volatility) has spent the past five months trading mostly between the 10 and 13 handles. I’ve been fielding many questions about why the VIX is so low and if that signifies ‘complacency’.

Read More

It’s Good to be the Insurer

April 24, 2017
insurance.jpg 

BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

Option pricing, or insurance, is a relative value product. For instance, a $300 annual premium for $1 million of life insurance coverage for a young, healthy individual is reasonable. However, that same $300 price tag to insure a 65 year-old smoker with high blood pressure is way too cheap.

Read More

Get Paid to Buy the Market Lower? Yes, There’s a Strategy for That!

April 10, 2017
volbanner.jpg 

BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

Markets have soared since investors fell under the spell of “Trumpenomics” following the reality star’s ascension to the throne. Are valuations rich? By some measures, they are priced to perfection at the moment. But how should I proceed if I’m reluctant to buy-in here, and instead prefer to own the market lower?

Read More

Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by AlphaPro Management Inc. and Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

The Horizons Exchange Traded Products consist of the Horizons Index ETFs ("Index ETFs"), 2x Daily Bull and -2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs"), VIX ETFs (defined below) and active ETFs. The 2x Daily ETFs and certain other Horizons Exchange Traded Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These Horizons Exchange Traded Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified underlying index, commodity or benchmark (the "Target") for a single day. Each Index ETF or Inverse ETF seeks a return that is 100% or -100%, respectively, of the performance of a Target. Due to the compounding of daily returns, a 2x Daily ETF's or Inverse ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of their respective Target(s) for the same period. The Horizons Exchange Traded Products whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETFs"), one of which is a 2x Daily ETF and one of which is an Index ETF, as described in their prospectus, are speculative investment tools that are not conventional investments. The VIX ETFs' Target is highly volatile. As a result, the VIX ETFs are not generally viewed as stand-alone long-term investments. Historically, the VIX ETFs' Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFs' Target is expected to be negative over the longer term and neither the VIX ETFs nor their Target are expected to have positive long term performance. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. Only the returns for periods of one year or greater are annualized returns.