S&P Dow Jones has licensed the S&P MILA 40 Index, an index tracking 40 of the largest stocks on Latin America’s MILA platform, to Horizons ETFs Group to serve as the basis for an exchange-traded fund listed in Colombia. The ETF, known locally as the Fondo Bursátil Horizons MILA 40 de S&P (HMILA40), will be listed on the Bolsa de Valores de Colombia (BVC) and will be the first Andean equity-focused ETF available in Colombia.

Horizons ETFs has announced the launch of the Horizons Active Floating Rate Preferred Share ETF (HFP) on the Toronto Stock Exchange, providing Canadian investors with an opportunity to gain floating-rate exposure to North American preferred shares in exchange-traded fund format. Howard Atkinson, President of Horizons ETFs, said: “Preferred shares have become popular with Canadian investors looking for a higher level of tax-efficient income in today’s low-rate environment.”

Toronto-based Horizons ETFs has unveiled two new exchange-traded funds that will provide investors with exposure to the two largest sectors of the Canadian stock market – financials and energy. With annual management fees of just 0.35%, the two funds become the lowest-cost products in their peer group, almost 40% less expensive than the next lowest-cost ETF tracking the same index.

There are now more than 300 exchange-traded products listed on the Toronto Stock Exchange following the launch of five exchange-traded funds from ETF debutant Purpose Investments, the firm founded by former Claymore Canada CEO, Som Seif. Ungad Chadda, Senior Vice President, Toronto Stock Exchange, said: “We are pleased to have achieved this new milestone and we are very proud of our solid track record of fostering innovation in the ETP universe.”

First Asset, an independent Canadian investment management company, has seen the highest percentage asset growth among Canadian exchange-traded fund (ETF) providers during the months of June and July, with C$47.5 million in ETF asset inflows. The firm has found success in both the fixed income and equity ETF categories through collaboration with DEX Universe Bond Indices and Morningstar Indices.

Blair Hull, a veteran US trader and investor, has teamed up with Exchange Traded Concepts, a firm offering turnkey exchange-traded fund (ETF) solutions, to launch an active ETF. A registration statement and preliminary prospectus has already been filed with the Securities and Exchange Commission. The fund, which will be launched under the HTAA (Hull Tactical Asset Allocation) brand, will utilise advanced algorithms as well as macro and technical indicators to anticipate future market returns.

First Trust, a global provider of exchange-traded funds (ETFs), has launched an actively managed ETF providing investors with access to a managed futures strategy. The fund, the First Trust Morningstar Managed Futures Strategy ETF (FMF), which has been listed on the NYSE Arca, seeks to provide investors with positive returns and to exceed the performance of the Morningstar Diversified Futures Index, the fund’s benchmark.

Horizons USA, a member of the Horizons ETFs Group, has launched its first exchange-traded fund (ETF) in the United States. The launch expands Horizons’ international reach, which now includes operations in Canada, South Korea, Hong Kong and Australia. The firm’s debut US product, the Horizons S&P 500 Covered Call ETF (HSPX), provides exposure to the S&P 500 Index while also generating additional income through the sale of call options.

Mirae Asset Global Investments, manager of the Horizons exchange-traded funds (ETFs) brand, has launched two low-cost products on the Hong Kong stock exchange: the Horizons MSCI China ETF (3040) and the Horizons Hang Seng High Dividend Yield ETF (3110). The funds provide exposure to the MSCI China and Hang Seng High Dividend Yield indices and are among Hong Kong’s cheapest ETFs, with total expense ratios of 0.25% and 0.38% respectively.

Canada-based Horizons ETFs and its affiliate AlphaPro Management have announced the launch of the Horizons Auspice Broad Commodity Index ETF (HBR) on the Toronto Stock Exchange. The ETF tracks the Auspice Broad Commodity Excess Return Index, hedged to the Canadian dollar, and offers investors diversified, tactical long exposure to up to 12 different commodity futures in the energy, metals and agricultural sectors.