Horizons ETFs is opening a new ETF for global investors.
The Horizons Managed Global Opportunities ETF is a globally focused, actively managed ETF, sub-advised by Forstrong Global Asset Management.
The ETF trades on the TSX in Canadian dollars under the symbols “HGM” (Class E units) and “HGM.A” (Advisor Class units).
The investment objectives of HGM are to use flexible tactical asset allocation among multiple global asset classes to seek long-term growth, while also seeking to protect against downside risk. HGM will invest primarily in exchange-traded products that are listed on North American stock exchanges and may be exposed to equity securities, fixed-income securities or currencies around the world, or to gold.