launch-new-product

Horizons Management (Canada) Inc. has partnered with Inovestor Inc. to launch the Horizons Inovestor Canadian Equity Index ETF (INOC). The ETF is the first in Canada to offer low-cost exposure to the Nasdaq Inovestor Canada Index.

Units of the ETF will begin trading today on the TSX.

The Nasdaq Inovestor Canada Index is comprised of 25 equal-weighted, large-capitalization, Canadian-listed companies. All are firms that trade at a reasonable price with the best rankings in Inovestor’s StockPointer stock selection model.

Read: BMO announces fund series launches, risk rating changes

INOC uses a six-step investment process within the ETF that begins with screening Canadian stocks based on a metric called Economic Profit – a form of residual wealth that occurs when a company pays back its cost of capital from its operating profit, adjusted for tax. The metric is one way of viewing whether capital invested in a company has generated value for investors.

Once the top-100 securities are selected, sectors are weighted and the top-25 securities are selected using a StockPointer score – a 50/50 combination of performance and risk metrics. The ETF is rebalanced quarterly to ensure diversification among the top-25 securities selected and to avoid concentration risk.

ETF name

Ticker

Management fee

Horizons Inovestor Canadian Equity Index
ETF

INOC

0.50%
(plus applicable sales taxes)

x

ETFs

Not all ETFs are created equal.

( Thoughtful design
+  sophisticated risk-management tools
+  global expertise)
x  Canada’s largest asset manager
_______________________

=  RBC ETF’s

It all adds up to an ETF provider you can count on.

Learn more >>

Brought to you by

RBC Global Asset Management

Originally published on Advisor.ca
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