TORONTO, July 10, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") has announced changes to the risk ratings applicable to
certain of its covered call ETFs. The changes in risk ratings are
effective immediately and detailed in the table below:
ETF
|
Ticker
|
Previous Risk
Rating
|
New Risk
Rating
|
Horizons Enhanced
Income Equity ETF
|
HEX
|
Medium-High
|
Medium
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
High
|
Medium
|
Horizons Enhanced
Income US Equity (USD) ETF
|
HEA.U, HEA
|
High
|
Medium
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
High
|
Medium
|
No changes have been made to the investment objectives or
strategies of these ETFs as a result of the changes to the risk
ratings. A summary of the risk rating classification methodology
and the investment objectives and strategies of the ETFs can be
found in the most recently filed prospectus.
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 more than $10 billion of
assets under management and 80 ETFs listed on major Canadian stock
exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
Horizons ETFs is a Member of Mirae Asset Global Investments.
Commissions, management fees and expenses all may be associated
with an investment in exchange traded products managed by Horizons
ETFs Management (Canada) Inc. (the
"Horizons Exchange Traded Products"). 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.