Gold and Gold Stocks are Looking Better than Ever

April 12, 2018
Covered Calls and Gold – A Perfect Match  

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

With both the S&P/TSX Global Gold Index and the Horizons Enhanced Gold Income Producers ETF (HEP) down on the year, you might be thinking gold isn’t a good investment year-to-date. In fact, you would be wrong.

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A New Volatility Regime is Upon Us

April 06, 2018
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BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

A new volatility regime is upon us, but the transition has been more violent than anyone could have expected. While the VIX (CBOE Volatility Index) had trouble staying above 13 last year (and in reality spent much of the year below 11), this year has been markedly different thus far. For covered calls, this represents a big shift in outlook from both a premium intake and potential yield perspective.

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HMMJ Rebalance: 10 New Stocks Added in Q2

April 04, 2018
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BY MARK NOBLE, SENIOR VICE-PRESIDENT AND HEAD OF SALES STRATEGY, HORIZONS ETFS

When the Horizons Marijuana Life Sciences Index ETF (“HMMJ” or the “ETF”) was launched in the spring of 2017, there were 16 stocks in the portfolio. As of its most recent rebalance, completed on March 16, 2018, there are 37 stocks in the ETF portfolio.

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The Discounted Lunch: Using HFR to Reduce Duration

March 20, 2018
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BY MARK NOBLE, SENIOR VICE-PRESIDENT AND HEAD OF SALES STRATEGY, HORIZONS ETFS

There’s no free-lunch when it comes to investing. Every investment has a risk/reward trade-off; generating returns from one area typically necessitates taking on risk or missing out on returns somewhere else.

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Gold Producers are Heavily Underperforming Actual Gold

March 20, 2018
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BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

Gold-producer performance has been clearly diverging from gold itself. Incredibly, this divergence has been increasing – despite the fact that GLD isn’t far from multi-year highs.

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The Vol Doctor Is In

February 27, 2018
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BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

Your doctor can’t typically diagnose your medical issue without first taking your vitals. As traders, we approach things in a similar way.

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WEED Volatility

January 30, 2018
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BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

Recently, WEED (Canopy Growth Corp.) has been moving around like a nervous Chihuahua in a room full of elephants. But in recent days, the volatility has suddenly slowed significantly.

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Fixed Income Trends for 2018

January 15, 2018
Fixed Income Trends for 2018 

BY MARK NOBLE, SENIOR VICE-PRESIDENT AND HEAD OF SALES STRATEGY, HORIZONS ETFS

Every RRSP season, a substantial amount of investor money goes into fixed income ETFs. It makes sense, despite the fact that interest rates have been on the rise.

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Short Volatility: Is There Still Meat on the Bone?

January 10, 2018
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BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

If you don’t believe that things are in feel-good mode around the investment world, check out the run of consecutive positive months for the MSCI World Index.

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Preferred Share ETFs: The Active Advantage in Action

December 22, 2017
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BY: MARK NOBLE, SENIOR VICE-PRESIDENT AND HEAD OF SALES STRATEGY, HORIZONS ETFS

The Horizons Active Preferred Share ETF (HPR) recently exceeded the $1.5 billion mark in assets under management (“AUM”), surpassing the iShares S&P/TSX Preferred Share ETF (CPD) – making HPR the second-largest preferred share ETF in Canada.

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Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by 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") and VIX ETFs (defined below). 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, for the 2x Daily ETFs, 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 VIX ETF, one of which is a (1x) VIX ETF, and one of which is a (-1x) Inverse VIX 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 2x Daily nor (1x) VIX ETFs nor their Target are expected to have positive long term performance. In addition, the VIX ETFs' Target has historically experienced some significant one-day increases when equity markets have had large negative returns which, if repeated, could cause the Inverse (-1x) VIX ETF to suffer substantial losses. 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.