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ETFs 101: What is An ETF?

Find out what an exchange traded fund is, their benefits and how you can invest in them. Learn why they are one of the fastest growing investment options for Canadian investors.


 

ETFs 101: An Introduction to Exchange Traded Funds

Learn what ETFs have to offer for your investment portfolio and how to Get the ETF Advantage™ 


 

How To Invest

Buying and selling units of our ETFs is simple – as simple as buying or selling any stock listed on the TSX.


 

ETF Trading Tips

Buying and selling an ETF is pretty straightforward. However, ETF transactions aren't quite as simple as putting in a buy or sell order. Following these three trading tips should allow you to trade ETFs more efficiently and avoid some common trading problems.


 

The Biggest Winner Virtual Trading Site

Register to use fantasy funds to make simulated purchases and sales from more than 400 listed ETFs trading on the Toronto Stock Exchange.


 

Risk Classifications

Risk ratings are determined based on the historical volatility of a Horizons ETF as measured by the standard deviation of its performance against its mean.


 

Volume Vs. Liquidity

The daily trading volume of an ETF is not an accurate reflection of its liquidity. This is a result of the involvement of the designated market maker whose core responsibility is to maintain an inventory of units of the ETF and provide liquidity for investors to buy and sell when they choose to do so, without concern.


 

Understanding ETF Premiums and Discounts

One of the benefits of exchange traded funds is the fact that the price of ETF units generally reflect the market value of its holdings.


 

Get the Active Advantage™

An Introduction to Horizons Actively Managed ETFs - Offering the flexibility to deliver better potential risk-adjusted returns compared to passively managed investment strategies.


 

Dividend Investing Redefined

"In today’s turbulent times, a successful investment approach must consider the Growth, Payout and Sustainability of corporate dividends.” - Srikanth Iyer, Managing Director, Guardian Capital LP.


 

An Introduction to Horizons ETFs Covered Calls

The potential to reduce the risk of equity ownership and earn additional income.


 

A Better Way to Access Fixed Income Markets

Horizons Active Fixed Income ETFs offer the potential to deliver better risk-adjusted returns and generate more income than passive indexing or higher-fee funds. 


 

Get the Alternative Advantage

Alternative Investments: Manage Risk and Potentially Enhance Performance


 

Understanding Preferred Shares

Although most investors are familiar with common shares, publicly traded securities that represent ownership in a company, they may not be as familiar with preferred shares.


 

Canadian and U.S. Currency Exposure Using ETFs

Horizons ETFs created the Horizons Canadian Dollar Currency ETF and the Horizons U.S. Dollar Currency ETF to make investing in currency movements simpler and lower cost.


 

Investing in Commodities

A single commodity ETF is an exchange traded fund that invests in a physical commodity like natural gas, oil, silver or gold.


 

Get the Tactical Advantage

An Introduction to BetaPro ETFs. Designed for tactical and market-savvy investors — and include leveraged, inverse and inverse leveraged ETFs.


 

Inverse Indexing

Inverse ETFs are investments that deliver the opposite performance of their reference index on a daily basis. Horizons ETFs Management (Canada) Inc. offers inverse ETFs based on three of the most widely followed market indices in Canada and the United States.


 

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 include our BetaPro products (the “BetaPro Products”). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds, and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in units of a BetaPro Product decreases in value. The BetaPro Products consist of our 2x Daily Bull and 2x Daily Bear ETFs (“2x Daily ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the 2x Daily ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively. The 2x Daily ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which 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 futures index or benchmark (the “Target”) for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its 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, particularly in the case of the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. Due to the high cost of borrowing the securities of marijuana companies in particular, the hedging costs charged to HMJI are expected to be material and are expected to materially reduce the returns of HMJI to unitholders and materially impair the ability of HMJI to meet its investment objectives. Currently, the manager expects the hedging costs to be charged to HMJI and borne by unitholders will be between 15.00% and 35.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager will publish, on its website, the updated monthly fixed hedging cost for HMJI for the upcoming month as negotiated with the counterparty to the forward documents, based on the then current market conditions. The VIX ETF, which is a 1x ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETF’s Target is expected to be negative over the longer term and neither the VIX ETF nor its target is expected to have positive long-term performance. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) 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.