Horizons launches four Advisor Class ETFs

Horizons Exchange Traded Funds and AlphaPro Management have launched a new series of ETFs designed for distribution through the advisor channel.

“Horizons ETFs has always believed that the majority of investors benefit from professional advice offered through a financial advisor and that advice deserves compensation,” said Howard Atkinson, CEO of Horizons ETFs. “These Advisor Classes offer investment professionals a degree of flexibility that may work better for a segment of their clientele or business model

The new series of four Advisor Class ETFs pay an annual service fee of 75 basis points, paid out on a quarterly basis. The collection includes: the Horizons Enhanced Equity Income, Horizons Enhanced Income Financials, Horizons Enhanced Income Energy and Horizons Enhanced Income Gold Producers ETFs.

These trade under the same tickers as the non-advisor class, with a “.A” extension. For example the Advisor Class Horizons Enhanced Equity Income ETF will trade as “HEX.A”.

Atkinson says the company plans to roll out additional Advisor Class ETFs.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.