Horizons ETFs Launches Corporate Class Emerging Markets ETFs

August 05, 2020

Horizons ETFs Management (Canada) Inc. is pleased to announce the launch of its newest Total Return Index ETF, the Horizons Emerging Markets Equity Index ETF (HXEM). Shares of the ETF will begin trading today on the Toronto Stock Exchange (TSX) under the ticker HXEM.


Horizons ETFs Completes Corporate Class Reorganization into Horizons ReSolve Adaptive Asset Allocation ETF

July 30, 2020
Horizons ETFs is pleased to announce the successful corporate class reorganization of the Horizons Global Risk Parity ETF (HRA) into the Horizons ReSolve Adaptive Asset Allocation ETF (HRAA), a new class of shares of Horizons ETF Corp., a multi-class mutual fund corporation managed by the Manager.

Horizons ETFs Announces July 2020 Distributions for its Covered Call ETFs

July 24, 2020

Horizons ETFs Management (Canada) Inc. is pleased to announce the distribution amounts per unit for its suite of covered call exchange traded funds, for the period ending July 31, 2020.


Horizons ETFs Announces July 2020 Distributions for Certain ETFs

July 24, 2020

Horizons ETFs Management (Canada) Inc. is pleased to announce the distribution amounts per unit for certain of its exchange traded funds for the period ending July 31, 2020.


Horizons ETFs Announces A Change To The Underlying Index Exposure of HOU and HOD

July 21, 2020

Horizons ETFs Management (Canada) Inc. is announcing a change to the exposure of the Horizons Crude Oil Rolling Futures Index (the “Underlying Index”), the proprietary underlying index of the BetaPro Crude Oil Leveraged Daily Bull ETF (HOU) and the BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD).


Horizons ETFs Announces Unitholder Approval of Proposed Corporate Class Reorganization for Horizons Global Risk Parity ETF into Horizons ReSolve Adaptive Asset Allocation ETF

July 16, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs” or the “Manager”) announced today that at a special meeting of the unitholders of the Horizons Global Risk Parity ETF (“HRA”) held on July 14, 2020, unitholders of HRA approved all matters relating to the proposed corporate class reorganization of HRA.


Horizons ETFs Rebalances Marijuana-Focused Index ETF Suite

July 10, 2020

Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF (“HMMJ”:TSX) and the Horizons US Marijuana Index ETF (“HMUS”:NEO).


Horizons ETFs Lowers Management Fee on Gold ETF

July 08, 2020
Horizons ETFs Management (Canada) Inc. has lowered the management fees on the Horizons Gold ETF (“HUG”) from 0.65% to 0.20%, effective at the market close today, July 7, 2020.

Horizons ETFs Announces Shareholder Approval for Proposed Investment Objective Changes to HOU and HOD

July 03, 2020
Horizons ETFs Management (Canada) Inc. held special meetings of the shareholders of the BetaPro Crude Oil Daily Bull ETF (“HOU”) and the BetaPro Crude Oil -1x Daily Bear ETF (“HOD”), on July 2, 2020, during which shareholders of the ETFs approved all matters relating to the proposed changes to the investment objectives of the ETFs previously announced by the Manager on May 14, 2020, and further described in an information circular that was made available to shareholders.

Horizons ETFs Announces Shareholder Meetings for HNU and HND

July 03, 2020

Horizons ETFs Management (Canada) Inc. is announcing special meetings of shareholders of the BetaPro Natural Gas 2X Daily Bull ETF (HNU) and the BetaPro Natural Gas -2x Daily Bear ETF (HND) at which shareholders will be asked to approve proposed changes to the current investment objectives of the ETFs.


This website uses cookies to ensure we give you the best experience. By continuing to browse the site, you are agreeing to our use of cookies. Click here to read our privacy policy.

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.