• The only long/short global currency ETF in Canada: HARC gives investors both long- and short-position access to the world’s largest securities market, paired with the expertise of a world-class currency management team
• Direct exposure to currencies: In the past five years, currencies have contributed to approximately 30% of the annualized total return on an S&P 500® investment by a Canadian investor*
• Non-correlated returns: Currency returns tend to be driven by factors that are distinct from those of traditional asset classes
• Absolute returns: HARC seeks to generate positive returns in all market conditions
• A high level of expertise: With $32 billion in currency related assets under management, HARC’s sub-advisor (CIBC Asset Management Inc.) is one of the largest currency investment teams in North America**
• Leverage: HARC may be exposed to leverage. Under normal market conditions, the maximum amount of leverage used, expressed as a ratio of total underlying notional value of the securities and/or financial derivative positions, divided by the net assets, will generally not exceed 3:1
* Source: Bloomberg, for the five-year period ending December 30, 2016.
** Source: CIBC Asset Management Inc., as at November 1, 2016.