TORONTO, Aug. 27, 2020 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") has announced changes to the risk ratings applicable to
certain of its ETFs. The changes in risk ratings are effective
immediately and detailed in the table below:
|
ETF
|
Ticker
|
Previous Risk
Rating
|
New Risk
Rating
|
|
Horizons Cdn High
Dividend Index ETF
|
HXH
|
Low to
Medium
|
Medium
|
|
Horizons S&P/TSX
Capped Energy Index ETF
|
HXE
|
Medium to
High
|
High
|
|
Horizons Laddered
Canadian Preferred Share Index ETF
|
HLPR
|
Low to
Medium
|
Medium
|
|
Horizons Equal Weight
Canada REIT Index ETF
|
HCRE
|
Low to
Medium
|
Medium
|
|
Horizons Gold
ETF
|
HUG
|
Medium to
High
|
Medium
|
|
BetaPro S&P/TSX
60™ Daily Inverse ETF
|
HIX
|
Medium
|
Low to
Medium
|
The investment risk level of an ETF is determined in accordance
with a standardized risk classification methodology, set out in
National Instrument 81-102 Investment Funds, that is based
on the historical volatility of the ETF, as measured by the 10-year
standard deviation of the returns of the ETF. If an ETF has less
than 10 years of performance history, the investment risk level of
the ETF is calculated using the return history of the ETF, and, for
the remainder of the 10 year period, the return history of a
reference index that is expected to reasonably approximate the
standard deviation of the ETF.
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,
investment objectives and strategies of an ETF can be found in the
ETF's 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 over $14.6 billion of assets
under management and 93 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.