Cyber Security – It’s as Serious as a Heart Attack in Hiding

June 12, 2019
cybersecurity.jpg  

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

We’re presently in the midst of the fourth industrial revolution, or “Industry 4.0”. Essentially, it involves the meeting of the physical and digital in a way that is significantly transforming our world. Investors interested in this highly compelling technological shift can gain exposure to it via the Horizons Industry 4.0 Index ETF (FOUR). It provides exposure to companies involved in five areas of technology: cloud & big data, advanced robotics, augmented reality & 3D printing, the internet of things (IoT) and cyber security.

Read More

2019 ETHI Rebalance: Investing in Socially Responsible Companies

May 09, 2019

ethi.jpg

 

On April 30, 2019, Horizons ETFs completed the rebalance of the portfolio of the Horizons Global Sustainability Leaders Index ETF (“ETHI”). ETHI’s rebalance occurred in conjunction with the rebalance of its underlying index, the Nasdaq Future Global Sustainability Leaders Index (the “Index”), which holds 100 large-cap equity securities of companies that are global climate sustainability leaders (as measured by their relative carbon efficiency1), and are not materially engaged in activities deemed inconsistent with responsible investment considerations.

Read More

Big Data: The Moneyballing of Everything is Upon Us

May 02, 2019
blog.jpg  

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

You may recall the popular 2011 film: Moneyball. The story follows the efforts of Billy Beane, the general manager of a major league baseball team, who is tasked with winning games with one of the smallest player budgets in the league.

Read More

Q1, 2019 Marijuana ETF Rebalance: Too Far, Too Fast?

April 05, 2019
marijuana.jpg  

BY: MARK NOBLE, SENIOR VICE-PRESIDENT, ETF STRATEGY, HORIZONS ETFS

April 5, 2019

It has been an exciting quarter for Marijuana-sector equity investors, with the Horizons Marijuana Life Sciences Index ETF (“HMMJ: TSX”), up almost 60% since its inception, as at March 31, 2019 (see performance chart below). This explosive rally came on the heels of a significant downturn in Q4 of 2018, where HMMJ declined by nearly 20%.

Read More

Blockchain is Down – But By No Means Out

March 25, 2019

Blockchain1.jpg 

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

March 25, 2019

Blockchain is suffering from a hangover of large proportions by virtue of its association with the cryptocurrency boom. Is it deserved? Yes, to some extent – cryptocurrencies use blockchain, but blockchain use is not in any way limited to cryptocurrency applications.

Read More

The Industry 4.0 Arms Race Continues

March 20, 2019
The Industry 4.0 Arms Race Continues 

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

March 20, 2019

China is making a massive investment push into artificial intelligence (“A.I.”) and cloud computing, and has said very openly that it wants to lead the world in A.I. by 2030.

Read More

Go for the Gold

March 04, 2019
goldblog.jpg  

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

March 4, 2019

Some of you may remember the Bre-X scandal, where mining analysts were purported to be just about tripping over bars of gold at the now infamous Busang deposit in Indonesia. It was a fascinating and tragic story about fraud, human nature, people ‘falling’ out of helicopters and a lot of participants sticking their heads in the sand for as long as possible.

Read More

Fiera Capital’s Outlook on Preferred Shares and Fixed Income Investing in 2019

March 01, 2019
fierablog.jpg  

MARK NOBLE, SENIOR VICE-PRESIDENT, ETF STRATEGY, HORIZONS ETFS

March 1, 2019

In February, Horizons ETFs co-hosted a webinar with Fiera Capital: Are Preferred Shares Oversold? Canadian Preferred Share and Fixed Income Outlook. The webinar was presented by Nicolas Normandeau, Vice-President and Portfolio Manager, Fixed Income, at Fiera Capital.

Read More

Shall We Play a Game? The Important Evolution of Artificial Intelligence

February 26, 2019
201902_AI.jpg  

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

February 26, 2019

Combining A.I. with game-playing – computer-based or otherwise – has become a go-to method in developing what are called reinforcement learning outcomes. Video games in particular are able to offer up countless complex narratives that can serve as a great training ground for A.I. So adept are today’s A.I. agents now that machines are quite literally learning by playing simulation games on their own.

Read More

Checking the Charts with a Middle Ages Mathematician

February 07, 2019
header.jpg  

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

February 7, 2019

The S&P 500 Index has climbed the ‘wall of worry’ impressively so far in 2019. It went from the worst December since the Great Depression to the best January since 1987. Confused? If “yes”, join the club with investors and advisors alike. It’s hard to argue with a bounce like this, but the rest of February should be interesting based on what I’m seeing on the charts. The S&P 500 has just rallied back to the 61.8% Fibonacci retracement level. Fibo-what?

Read More

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 (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.