Horizons launches ETF

Horizons ETFs Management (Canada) Inc. and its affiliate, AlphaPro Management Inc. have launched Horizons Global Currency Opportunities ETF, which provides investors with low-cost, actively managed exposure to worldwide currency markets.

Units of the ETF will begin trading this morning on the TSX, under the ticker symbol HGC. The ETF is sub-advised by CIBC Asset Management Inc.

“The $5.3 trillion currency market is one of the largest asset classes in the world and, as we’ve seen clearly over the last two years, FX has the potential to significantly impact returns,” says Steve Hawkins, Co-CEO, Horizons ETFs.

HGC’s currency investments are based on CIBC Asset Management’s integrated quantitative and qualitative investment process, which currently includes the ranking of 32 currencies worldwide, the assessment of specific macro-economic regimes, as well as fundamental country research to construct the portfolio.

Staff

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