Canadian exchange-traded funds provider Horizons ETFs has launched the Horizons Nasdaq-100 Index ETF (HXQ), providing investors with low-cost, tax-efficient exposure to 100 of the largest US and international non-financial companies listed on Nasdaq Exchange. The fund tracks the total return performance of the Nasdaq 100 Index, which may lead to greater tax efficiency for investors who hold the ETF in non-registered investment accounts. In addition, tracking error is also reduced in total return index ETFs since there are no portfolio trading costs.

Canadian exchange-traded funds provider Horizons ETFs has reduced the management fee on the Horizons S&P 500 Index ETF (HXS) from 0.15% to 0.10%. The cut in management fee will contribute towards the fund’s accurate and stable performance versus the underlying index, the S&P 500. Steve Hawkins, Co-CEO, Horizons ETFs, commented: “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.”

Canadian exchange traded fund provider Horizons ETFs has launched a US dollar version of its Horizons Active US Dividend ETF (HAU) on the Toronto Stock Exchange. The launch coincides with the one-year anniversary of HAU’s initial launch in Canadian dollars. The actively managed fund provides regular dividend income and modest long-term capital growth by investing in high quality US dividend paying stocks. Sub-advised by Guardian Capital, the ETF uses Guardian’s proprietary stock selection process in an effort to outperform the fund’s benchmark – the S&P 500 Index.

Horizons, a leading Canadian exchange-traded fund issuer, has announced the launch of the Horizons Managed Global Opportunities ETF (HGM) on the Toronto Stock Exchange. Actively managed by British Columbia-based Forstrong Global Asset Management, the fund uses flexible tactical allocation among several global asset classes to seek long-term investment returns. Howard Atkinson, President of Horizons ETFs, said: “The potential benefits of Horizons Managed Global Opportunities ETF are that it adds to the global diversification of one’s portfolio, and offers a risk-based approach to managing asset allocation.”

Canadian ETF provider, Horizons ETFs, has launched the Horizons Managed Multi-Asset Momentum ETF (HMA), an actively managed ETF which targets multiple global asset classes based on their momentum characteristics. According to Howard Atkinson, President of Horizons ETFs: “HMA seeks to give Canadian investors optimal risk-adjusted exposure, by not only capturing strong pricing uptrends, but also having a strong focus on risk management, such as moving to cash if there are no observable investment opportunities.”

S&P Dow Jones Indices has unveiled the S&P Colombia Select Index, an index tracking the performance of the largest and most liquid stocks domiciled in Colombia. The index uses a modified market capitalization weighting scheme, providing investors with a broad, yet replicable index covering the Colombian equity market. The index will soon be available to Colombian investors in investable format, following its licensing to Horizons ETFs’ Latin American operation to serve as the basis for an exchange-traded fund.

Horizons ETFs has introduced Canada’s first swap-based bond index ETF: the Horizons CDN Select Universe Bond ETF (HBB). Listed on the Toronto Stock Exchange, the fund is linked to the newly launched Solactive Canadian Select Universe Bond Index. Howard Atkinson, President of Horizons ETFs, said: “HBB is an example of how indexing in the fixed income space can be made better by both improving the underlying index and utilizing a TRS structure to reduce the potential for tracking error and improve tax efficiency.”

Horizons ETFs, a Toronto-based provider of exchange-traded funds, has announced that its family of actively managed funds has reached C$2 billion in assets under management. Horizons offers 28 active ETFs managed by various portfolio managers, who aim to deliver better risk-adjusted returns than the broader markets they invest in or reference. This is unlike passive or index-tracking ETFs, also offered by the provider, which seek to replicate the returns of benchmark indices.

Horizons ETFs, a global provider of exchange-traded funds, has introduced a pair of products on the Toronto Stock Exchange offering short and leveraged exposure to the Japanese equity market. 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 the daily long and two times the daily inverse performance, respectively, of the MSCI Japan Index.

Horizons USA has announced the launch of the Horizons S&P Financial Select Sector Covered Call ETF (HFIN) on the NYSE Arca. The ETF uses an innovative covered call strategy designed to generate additional income from the constituents of the S&P Financial Select Sector Index. Howard Atkinson, Managing Director of Horizons USA, said: “A covered call strategy can keep you invested in equities and potentially lower the volatility of returns of those equities while attempting to generate additional income, which can mitigate losses, during certain market conditions.”