Horizons unveils pair of leveraged Canadian REIT ETFs

Sep 9th, 2021 | By | Category: Alternatives / Multi-Asset

Horizons ETFs has launched two new ETFs on Toronto Stock Exchange providing leveraged and inverse leveraged exposure to Canadian Real Estate Investment Trusts (REITs).

Steve Hawkins, President and CEO of Horizons ETFs.

Steve Hawkins, President and CEO of Horizons ETFs.

The BetaPro Equal Weight Canadian REIT 2x Daily Bull ETF (HREU CN) and BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF (HRED CN) provide double (200%) and double the inverse (-200%) daily return, respectively, of the Solactive Equal Weight Canada REIT Index.

The index consists of all REITs listed on Toronto Stock Exchange that have market capitalizations greater than C$ 800 million.

The index currently contains 22 equally weighted constituents. Reconstitution and rebalancing occur semi-annually in March and September.

Each ETF comes with a management fee of 1.15%.

Steve Hawkins, President and CEO of Horizons ETFs, said: “In addition to being one of the biggest contributors to Canada’s GDP, the real estate sector is often viewed as a bellwether of the overall health of the Canadian economy. Whether you are bullish or bearish on a sector, using our suite of leveraged and inverse leveraged ETFs can be an easier way to make a high-conviction, short-term trade, versus traditional leveraged strategies that use margin, borrowing, or potentially take on unlimited risk. These two new ETFs give investors the ability to invest those views on either the long or short side of the Canadian REIT sector without taking on the high costs of using margin, borrowing, or shorting directly.”

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