Cannabis and the Greatest Tailwind

June 11, 2018
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BY: HANS ALBRECHT, CIM®, FCSI, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

As we approach the final destination in Canada’s journey toward legalized recreational cannabis, it’s important to recognize that we’re about to experience a big moment. After all, it’s not every year that prohibition ends for a controlled substance! The steps taken have been significant and brave, but as they say, every journey begins with a first step – what was once thought almost unthinkable is almost upon us.

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Terri MacKinnon Wins the Weekly Prize in the Biggest Winner 8

May 29, 2018
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Congratulations to Terri MacKinnon of Cobourg, Ontario. She is $500 richer for having the best single-week returns during the first week of The Biggest Winner 8 trading competition.

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A Different Way to Look At Canadian Stocks

May 22, 2018
A Different Way to Look At Canadian Stocks  

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

Investing in Canadian stocks can be frustrating because the breadth of the Canadian market is so narrow. Canada’s three major sectors – Financials, Energy and Materials – account for more than 65% of the market capitalization of the S&P/TSX Composite Index.

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Canadians Continue To Increase Their Allocation to Active ETFs

May 17, 2018
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BY MARK NOBLE, SENIOR VICE-PRESIDENT AND HEAD OF SALES STRATEGY, HORIZONS ETFS

Canadians appear to like actively managed exchange traded funds. Actively managed ETFs represent approximately 18% of the total assets invested in Canadian-listed ETFs, which accounts for approximately $26 billion in assets under management.

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HMMJ and HMJR - You Can Put That in Your Pipe and Smoke It

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

Cannabis stocks have calmed down lately. But as we approach the anticipated legalization of recreational marijuana in Canada later this year, we expect to see renewed interest in the sector.

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Advantage: Covered Calls

May 01, 2018
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BY: HANS ALBRECHT, CIM®, FCSI®, VICE-PRESIDENT, PORTFOLIO MANAGER AND OPTIONS STRATEGIST, HORIZONS ETFS

SPX implied volatility (VIX) is trading near the highs of the last few years in comparison to regions like Europe. This means SPX option pricing is nice and high. Some of that is for a good reason.

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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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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 include our BetaPro Products which consist of our 2x Daily Bull and 2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs") and our VIX ETF (defined below). 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, 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 Inverse ETF seeks a return that is -100% 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 BetaPro Product whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETF"), which is a (1x) VIX ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETFs' Target is highly volatile. As a result, the VIX ETF is not generally viewed as stand-alone long-term investment. 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 ETF nor its Target is 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.