Horizons to close US Risk Managed ETF

Aug 11th, 2017 | By | Category: ETF and Index News

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Horizons ETFs Management has announced that the Horizons US Managed Risk ETF (NYSE Arca: USMR) will close effective at the close of business on 8 September 2017.

The final day of trading for USMR will be 8 September 2017.

USMR tracks the Stoxx USA 900 Minimum Variance Unconstrained Index, providing exposure to the broad US market while seeking to reduce downside ris. It does this by seeking to manage systematic risk exposures such as value, growth, momentum, exchange-rate sensitivity, leverage and liquidity. Furthermore, the ETF rebalances monthly adapting to the dynamic and ever-changing markets in order to provide the most optimal portfolio for risk-adjusted returns. It was designed to be held as an alternative to a core equity holding in an investor’s portfolio.

The fund’s total expense ratio (TER) is 0.30% due to a contractual fee waiver in place. Its gross expense ratio is 0.30%.

The last date that authorized participants may create and redeem units in USMR is expected to be 8 September 2017. The ETF is expected to be de-listed from NYSE at the close of business on the same day, with all units still held by investors being subject to a mandatory redemption as of the Termination Date.

Any remaining unitholders of the ETF as of the Termination Date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the ETF, on a pro-rata basis.

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