Reductions bring management fees on sector-technology ETFs to
near industry lows
TORONTO, Nov. 4, 2019 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs") has lowered the management fees on three
of its technology sector exchange traded funds ("ETFs").
These changes follow the previously announced fee reduction from
0.65% to 0.45% on the Horizons Global Sustainability Leaders
Index ETF ("ETHI").
These changes in management fees came into effect on
November 1, 2019, and are described
below:
|
ETF
|
Ticker
|
Previous
Management
Fee*
|
Updated
Management
Fee*
|
|
Horizons Blockchain
Technology & Hardware ETF
|
BKCH
|
0.65%
|
0.45%
|
|
Horizons Industry 4.0
Index ETF
|
FOUR
|
0.65%
|
0.45%
|
|
Horizons Robotics and
Automation Index ETF
|
RBOT
|
0.68%
|
0.45%
|
|
*Plus applicable
sales tax
|
The investment objectives of the ETFs remain unchanged. Each of
the ETFs provides direct exposure to potentially transformative
technology trends.
The Horizons Blockchain Technology & Hardware ETF
("BKCH") seeks to replicate, to the extent possible, the
performance of the Solactive Blockchain Technology & Hardware
Index, net of expenses. The Solactive Blockchain Technology &
Hardware Index tracks a portfolio of global companies focusing
directly on blockchain innovation and development, as well as
companies providing hardware and hardware-related services used in
blockchain applications.
Horizons Industry 4.0 Index ETF ("FOUR") seeks to
replicate, to the extent possible, the performance of the Solactive
Industry 4.0 Index, net of expenses. The Solactive Industry 4.0
Index is designed to provide exposure to the performance of equity
securities of companies that are involved in the transformation of
manufacturing and the industrial market through the development or
implementation of new technologies and innovations.
The Horizons Robotics and Automation Index ETF ("RBOT")
seeks to replicate, to the extent possible, the performance of the
Indxx Global Robotics & Artificial Intelligence Thematic Index.
The Indxx Global Robotics & Artificial Intelligence Thematic
Index is designed to provide exposure to equity securities of
companies involved in the development of robotics and/or artificial
intelligence.
"At Horizons ETFs, we have made a strong commitment to
offering Canadian investors ETFs that can provide exposure to
important transformative technologies such as blockchain, robotics,
artificial intelligence and other important technologies involved
in the latest industrial revolution," said Steve Hawkins, President and CEO of Horizons
ETFs. "For all of these ETFs, we have implemented significant
management fee reductions to align the ETFs in our line-up and to
further enhance their appeal for investors seeking to invest in the
long term growth potential of these technologies."
About Horizons ETFs Management (Canada) Inc.
(www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product family includes a broadly diversified range
of solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs has approximately $10 billion of
assets under management and 91 ETFs listed on major Canadian stock
exchanges.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (the
"Horizons Exchange Traded Products") managed by Horizons ETFs
Management (Canada) Inc. The
Horizons Exchange Traded Products are not guaranteed, their values
change frequently and past performance may not be repeated. The
prospectus contains important detailed information about the
Horizons Exchange Traded Products. Please read the relevant
prospectus before investing.
SOURCE Horizons ETFs Management (Canada) Inc.