TORONTO, May 19, 2020 /CNW/ - Horizons
ETFs Management (Canada) Inc. (the
"Manager") announces that, further to the Manager's press
releases announcing certain amendments to the rolling methodology
employed by the ETFs effective on April
28, 2020, the BetaPro Crude Oil Daily Bull ETF
("HOU") and the BetaPro Crude Oil -1x Daily Bear ETF.
("HOD") (together, the "ETFs") effective as of
2:30 p.m. (EST) today, will no longer
track the September futures contract, 100% of the underlying
exposure of the ETFs will roll to the October crude oil futures
contract.
As per the press relase issued on April
28, 2020, (Link:
https://www.horizonsetfs.com/news/Press-Release/Horizons-ETFs-Announces-Amendments-to-the-New-Roll).
With respect to subsequent roll dates, the ETFs will no longer roll
to the secondary futures contract on the 10th trading day of each
month, and the Manager will assess the situation on an ongoing
basis with its derivative counterparties, and will announce
any future roll dates and schedule changes, whether monthly,
quarterly or otherwise, by issuance of a press release and by way
of updates on the Manager's website www.horizonsetfs.com.
Investing in shares of the ETFs can be speculative, can involve
a high degree of risk and may only be suitable for persons who are
able to assume the risk of losing their entire investment.
Potential investors in these ETFs are reminded to read the
prospectus, as amended from time to time, and all information
available on www.sedar.com before investing. Investors should
continue to monitor their investment daily and, as previously
announced by the Manager, note that the ETFs are no longer expected
to achieve their stated investment objectives.
SOURCE Horizons ETFs Management (Canada) Inc.