10 ESG Funds for Passive Investors

September 28, 2020
According to Ian Tam, director at Morningstar Canada, there are few choices when it comes to sustainable ETFs – of the 116 sustainable funds in Canada, only 30 are passive.

Investors looking to get exposure to impact investments could consider ETHI (https://www.horizonsetfs.com/ETF/ETHI#performance) which has exposure to a portfolio of 200 companies with no fossil fuel producers and a one-year total return of 39.21% as at August 31, 2020.

Equity ETF liquidity has withstood crisis well: IIAC

October 01, 2020
According to the Investment Industry Association of Canada (IIAC), even amid COVID-19-induced price volatility, ETFs — and equity ETFs in particular — facilitated continuous market liquidity and material trading volumes, while providing transparent price discovery for many underlying equity products.

As a testament to their resilience and liquidity, by the beginning of April, bid offer spreads for broadly based ETFs had largely returned to normal.

Horizons Asset Allocation ETFs for better asset allocation

September 30, 2020
Will the traditional 60/40 portfolio be able to cut it moving forward?

According to Dale Roberts from Cut The Crap Investing, a 70/30 allocation to stocks and bonds is the new 60/40 portfolio.

Read his thoughts on the balanced growth portfolio model, and how the Horizons Balanced TRI ETF Portfolio could play a role (https://www.horizonsetfs.com/hbal).

How to build a recession-proof ETF portfolio

September 24, 2020
The “new normal” is characterized by economic uncertainty. Because of low interest rates, filling out a fixed income allocation in a balanced portfolio requires some creativity, according to Darryl Brown, director of portfolio strategies for Spring Financial Planning.

Within the fixed income allocation, Darryl recommends preferred share ETFs such as the Horizons Active Preferred Share ETF (HPR-https://www.horizonsetfs.com/ETF/HPR), where about two-thirds of HPR’s holdings are fixed-floating, paying a fixed dividend for an initial period.

Does the weak outlook for bonds mean you should avoid balanced ETFs?

September 24, 2020
Some market strategists have discussed changes to the 60-40 mix to account for a negative outlook for bonds, since interest rates are low and probably close to their bottom in the current down cycle for the economy. If rates edge back up even a modest amount, bond prices will decline.

To counter declining interest rates and low yields, investors could consider the Horizons Balanced TRI ETF Portfolio (HBAL-https://www.horizonsetfs.com/hbal) which offers a 70-30 stock bond mix with potential tax benefits.

Investors interested in responsible investing but lack knowledge: survey

September 23, 2020
According to the 2020 Canadian Mutual and Exchange Traded Fund Survey, investors are interested in adding responsible and impact investing to their portfolios, but they may not be sure what those terms mean. The survey results reveal investor confusion about whether responsible investments will have a positive or negative effect on mutual fund and ETF portfolios, according to Lesli Martin, vice-president at Pollara Strategic Insights. Many advisors aren’t helping dispel the confusion around responsible investing, as only about 25% of mutual fund and ETF investors say their advisor or financial institution has asked them about their interest in responsible investments; only 20% said the same for impact investing.

Horizons Marijuana ETF (TSX:HMMJ): Best Way to Bet on a Cannabis Rebound?

January 14, 2020
While it’s still too risky to bet on individual stocks in the marijuana sector, ETFs like Horizons Marijuana Life Sciences ETF are a great way to get diversified exposure to the industry and take advantage of the value opportunities. 

Why consolidation amid pot wreckage is a positive

January 08, 2020
With an oversaturation of marijuana producers and significant valuation challenges reflected in the price-to-sales ratios, 2019 was a year of turmoil for the marijuana sector. Learn more about why Steve Hawkins, CEO of Horizons ETFs, thinks that consolidation in the marijuana sector could make this year a better one.

Brooke Thackray's Past Picks

January 07, 2020

2019 was a great year for gold, including heading into 2020. Horizons ETFs’ Research Analyst Brooke Thackray named Horizons Gold ETF (HUG) as one of his top picks on December 6, 2019. 32 days later, Brooke joined BNN Bloomberg Market Call again to review his past picks, including HUG. According to Brooke, there’s more to gold’s recent rally than just geopolitical tensions.

ETF investors miss most of 2019 gains

December 31, 2019

2019 will likely finish up as a banner year for ETFs with inflows likely surpassing $25 billion and $200 billion in assets under management for the first time. Despite the strong sales, investors largely missed out on reaping the returns from the equity market: nearly six out of every 10 dollars invested in Canadian-listed ETFs went into high-investment-grade fixed income.

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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 shares of a BetaPro Product decreases in value. The BetaPro Products consist of our Daily Bull and Daily Bear ETFs (“Leveraged and Inverse Leveraged ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the Leveraged and Inverse Leveraged 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 Leveraged and Inverse Leveraged 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 Leveraged and Inverse Leveraged ETF seeks a return, before fees and expenses, that is either up to, or equal to, 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 Leveraged and Inverse Leveraged 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 Leveraged and Inverse Leveraged ETFs, possibly direction from the performance of their respective Target(s) for the same period. For certain Leveraged and Inverse Leveraged ETFs that seek up to 200% or up to or -200% leveraged exposure, the Manager anticipates, under normal market conditions, managing the leverage ratio as close to two times (200%) as practicable however, the Manager may, at its sole discretion, change the leverage ratio based on its assessment of the current market conditions and negotiations with the respective ETF’s counterparties at that time. 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 10.00% and 45.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager publishes 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.

Horizons Total Return Index ETFs (“Horizons TRI ETFs”) are generally index-tracking ETFs that use an innovative investment structure known as a Total Return Swap to deliver index returns in a low-cost and tax-efficient manner. Unlike a physical replication ETF that typically purchases the securities found in the relevant index in the same proportions as the index, most Horizons TRI ETFs use a synthetic structure that never buys the securities of an index directly. Instead, the ETF receives the total return of the index through entering into a Total Return Swap agreement with one or more counterparties, typically large financial institutions, which will provide the ETF with the total return of the index in exchange for the interest earned on the cash held by the ETF. Any distributions which are paid by the index constituents are reflected automatically in the net asset value (NAV) of the ETF. As a result, the Horizons TRI ETF receives the total return of the index (before fees), which is reflected in the ETF’s share price, and investors are not expected to receive any taxable distributions. Certain Horizons TRI ETFs (Horizons Nasdaq-100 ® Index ETF and Horizons US Large Cap Index ETF) use physical replication instead of a total return swap. The Horizons Cash Maximizer ETF and Horizons USD Cash Maximizer ETF use cash accounts and do not track an index but rather a compounding rate of interest paid on the cash deposits that can change over time.

*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.