Horizons ETFs and its affiliate, AlphaPro Management, opened a managed multi-asset momentum ETF this week.
It uses momentum-based investing to target multiple global asset classes.
Units of the ETF trade on the TSX under the ticker symbols “HMA” (Class E units) and “HMA.A” (Advisor Class units).
Sub-advised by Landry Investment Management, HMA will seek long-term returns by providing exposure to selected global asset classes on a risk-adjusted basis, primarily through investments in ETFs. Markets the portfolio can invest in include Canadian and U.S. equities, emerging market equities, U.S. and Canadian bonds, real estate investment trusts, and gold.
“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,” says Howard Atkinson, president of Horizons ETFs.