Horizons introduces leveraged and inverse MSCI Japan ETFs

Jan 22nd, 2014 | By | Category: Alternatives / Multi-Asset

Horizons ETFs, a global provider of exchange-traded funds, has introduced a pair of products on the Toronto Stock Exchange (TSX) offering short and leveraged exposure to the Japanese equity market.

Horizons introduces leveraged and inverse MSCI Japan ETFs

Horizons has introduced a pair of leveraged and inverse ETFs providing exposure to Japanese equities.

The Horizons BetaPro MSCI Japan Bull Plus ETF (HPU) and Horizons BetaPro MSCI Japan Bear Plus ETF (HPD) provide investors with exposure to two times (200%) the daily long and two times (200%) the daily inverse performance, respectively, of the MSCI Japan Index.

The ETFs do not seek to achieve their stated investment objectives over a period of time greater than one day.

The MSCI Japan Index is a free-float adjusted market capitalization weighted index that aims to track the equity market performance of Japanese securities listed on the Tokyo Stock Exchange, Osaka Stock Exchange, Jasdaq and Nagoya Stock Exchange, and that represents approximately 85% of the free-float market capitalization of Japanese equities.

Howard Atkinson, President of Horizons ETFs, said: “The MSCI Japan Index has risen more than 20% over the past year. With the Japanese government stimulating its economy with its so-called ‘Abenomics’, named after the country’s prime minister, Shinzō Abe, Japanese stocks have been attracting more attention from global investors.”

He added: “We think HPU and HPD are great additions to our line-up of leveraged BetaPro ETFs, providing an opportunity to investors who have high conviction on the direction of Japanese stocks to potentially magnify positive or negative returns from the MSCI Japan Index.”

Any US dollar gains or losses as a result of each of the ETFs’ investments will be, whenever possible, hedged back to the Canadian dollar.

The funds each charge a management fee of 1.15%.

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