TORONTO, April 1, 2016 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is pleased to announce that it has reduced the
management fee on the Horizons S&P 500® Index ETF
("HXS") to 0.10% from 0.15%, effective immediately.
HXS, which is listed on the Toronto Stock Exchange in both
Canadian and U.S. dollars under the tickers HXS and HXS.U, seeks to
replicate, to the extent possible, the performance of the S&P
500® Index (Total Return), net of expenses.
"For taxable Canadian investors, HXS was already the most
tax-efficient S&P 500 ETF listed in Canada and now with this lower management fee,
its total after-tax return appeal will be even greater," said
Steve Hawkins, Co-CEO, Horizons
ETFs.
HXS was also a recent recipient of a FundGrade A+®
Award* and was the recipient of the 2015 Lipper Fund Award in the
U.S. Equity category (for the three-year period ended July 31, 2015).**
"HXS is an award-winning U.S. Equity ETF, with low tracking
error, high tax-efficiency and now, a very competitive management
fee," said Mr. Hawkins. "We think this is a winning
combination for Canadian investors seeking index exposure to the
S&P 500."
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies, which
combined make up one of the largest families of exchange traded
funds in Canada. The Horizons
ETFs' product suite includes a broadly diversified range of
solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs currently has more than $5.5
billion of assets under management and has 71 ETFs listed on
the Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are
members of the Mirae Asset Global Investments Group.
Commissions, trailing commissions, management fees and
expenses all may be associated with an investment in exchange
traded products managed by AlphaPro Management 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 Prospectuses contain important
detailed information about the Horizons Exchange Traded Products.
Please read the relevant prospectus before
investing.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Horizons ETFs undertakes no obligation
to update publicly or otherwise revise any forward-looking
statement whether as a result of new information, future events or
other such factors which affect this information, except as
required by law.
S&P® and S&P 500® are registered trademarks of
Standard & Poor's Financial Services LLC and have been licensed
for use by S&P Dow Jones Indices LLC and sublicensed for
certain purposes by Horizons ETFs. The S&P 500® Index is
a product of S&P Dow Jones Indices LLC, and has been licensed
for use by Horizons ETFs. Horizons S&P 500® Index
ETF is not sponsored, endorsed, sold or promoted by S&P
Dow Jones Indices LLC or its affiliates or CBOE and neither S&P
Dow Jones Indices LLC or its affiliates or CBOE make any
representation regarding the advisability of investing in Horizons
S&P 500® Index ETF.
*FundGrade rating system uses risk-adjusted performance
figures to rank and grade Canadian investment funds. Based on up to
10 years of performance data, the 'A+ Grade' is strictly a
quantitative calculation conducted on an annual basis, which
results in a grade score ranking, according to the fund
classification standards defined by the Canadian Investment Funds
Standards Committee ("CIFSC"). The FundGrade rating is used with
permission from Fundata Canada Inc., all rights reserved. Fundata
is a Canadian investment funds data and analytics company. The
FundGrade A+ Rating identifies funds that have consistently
demonstrated the best risk-adjusted returns through an entire
calendar year. For more information on the rating system, please
visit www.fundata.com.
**The Lipper Fund Awards, granted annually, are part of the
Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and
highlight investment funds that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers. The Lipper Fund Awards are based on the Lipper Ratings for
Consistent Return, which is a risk-adjusted performance measure
calculated over 36, 60 and 120 month periods. The highest 20% of
investment funds in each category are named Lipper Leaders for
Consistent Return and receive a score of 5, the next 20% receive a
score of 4, the middle 20% are scored 3, the next 20% are scored 2
and the lowest 20% are scored 1. The highest Lipper Leader for
Consistent Return in each category wins the Lipper Fund Award.
Lipper Leader ratings change monthly. For more information, see
www.lipperweb.com. Although Lipper makes reasonable efforts to
ensure the accuracy and reliability of the data contained herein,
the accuracy is not guaranteed by Lipper.
**HXS was awarded the 2015 Lipper Fund Award in the U.S.
Equity category for the three-year period ending July 31, 2015, ranking first out of the 16 ETFs
eligible for consideration in its category. Performance for the HXS
fund for the period ended July 31,
2015 is as follows: 32.82 % (1 year), 27.50 % (3 years) and
47.49 % (since inception on November 30,
2010). The corresponding Lipper Leader ratings of the fund
for the same period are as follows: 4 (3 years). Lipper Leader
ratings range from 1 to 5, with a ranking of 5 meaning that the
fund is in the top 20% of its category. For greater detail please
go to www.lipperweb.com.
SOURCE Horizons ETFs Management (Canada) Inc.
