Auspice oil ETF to be advised by Purpose instead of Horizons

Auspice Capital Advisors Ltd. announced Friday that the portfolio advisor for its Canadian Crude Oil Index ETF is changing from Horizons ETFs Management (Canada) Inc. to Purpose Investments Inc., effective April 9.

In a release, the Calgary-based fund manager said there would be no changes to the investment objectives or strategies of the ETF.

Purpose Investments has more than $6 billion in assets under management.

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