TORONTO, Jan. 22, 2016 /CNW/ - Horizons ETFs Management
(Canada) Inc. and AlphaPro
Management Inc. (collectively, "Horizons ETFs") are proud to
announce that the Horizons S&P 500® Index ETF
("HXS") and the Horizons Active Corporate Bond ETF
("HAB") have both won Fundata FundGrade® A+
Awards for 2015.
Created by Fundata Canada Inc., the FundGrade rating system uses
risk-adjusted performance figures to rank and grade Canadian
investment funds. Based on up to 10 years of performance data, the
'A+ Grade' is strictly a quantitative calculation conducted on an
annual basis, which results in a grade score ranking, according to
the fund classification standards defined by the Canadian
Investment Funds Standards Committee ("CIFSC").
"For the second year in a row, Horizons ETFs is very honoured
to have won FundGrade A+® Awards for HXS and HAB,"
said Steve Hawkins, Co-CEO and Chief
Investment Officer for Horizons ETFs.
HAB is an actively managed Canadian corporate bond ETF,
sub-advised by Fiera Capital Corporation ("Fiera"), one of
the largest independent fixed income managers in Canada, with more than $51 billion in fixed income assets (as at
September 30, 2015). This is the
third year running that HAB has received a FundGrade A+®
Award. HAB also received a 5-star Morningstar Risk-Adjusted Rating
as of September 30, 2013, which it
has maintained through December 31,
2015.
"Fiera has one of the most experienced fixed income
investment teams in Canada and
they add additional value through their robust credit analysis and
bond selection process," said Mr. Hawkins. "HAB's
portfolio managers are not forced to buy and sell bonds the way an
index does, which has been an advantage in its ability to generate
better total returns, versus index strategies that invest in the
Canadian corporate bond market."
In addition to winning a FundGrade A+® Award
for the second year in a row, HXS was recently awarded the 2015
Lipper Fund Award in the U.S. Equity category (for the three-year
period ended July 31, 2015).* HXS
also received a five-star rating from Morningstar as of
September 30, 2014 which it continues
to maintain.
HXS seeks to replicate, to the extent possible, the performance
of the S&P 500® (Total Return), net of expenses. HXS
uses a total-return swap based structure, which means the ETF does
not physically hold the underlying stocks of the S&P
500®. This structure can reduce tracking error and also
minimize taxable distributions. Since its inception in 2010, HXS
has not paid any taxable distributions.
"Since HXS won the FundGrade A+ Award last year, there are
now 16 competitors offering single-long exposure to the S&P
500®, but it's the combination of HXS' low
management fees, reduced potential for tracking error and greater
tax efficiency, that have led to its strong category performance
and industry accolades," said Mr. Hawkins.
About Horizons ETFs Management (Canada)
Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies, which
combined make up one of the largest families of exchange traded
funds in Canada. The Horizons
ETFs' product suite 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 currently has more than $5.3
billion of assets under management and has 71 ETFs listed on
the Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are
members of the Mirae Asset Global Investments Group.
Commissions, trailing commissions, management fees and
expenses all may be associated with an investment in exchange
traded products managed by AlphaPro Management Inc. and 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. Please read the relevant
prospectus before investing.
The FundGrade rating is used with permission from Fundata
Canada Inc., all rights reserved. Fundata is a Canadian investment
funds data and analytics company. The FundGrade A+ Rating
identifies funds that have consistently demonstrated the best
risk-adjusted returns through an entire calendar year. For more
information on the rating system, please visit
www.fundata.com.
Morningstar® is a registered trademark of Morningstar Inc.
("Morningstar"). The Horizons Exchange Traded Products are not
sponsored, endorsed, sold, or promoted by Morningstar and its
affiliated companies and none of these parties make any
representation, warranty or condition regarding the advisability of
buying, selling or holding units/shares in the Horizons Exchange
Traded Products. The information contained herein is not warranted
by Morningstar to be accurate, complete or timely. Neither
Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information.
The Lipper Fund Awards, granted annually, are part of the
Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and
highlight investment funds that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers. The Lipper Fund Awards are based on the Lipper Ratings for
Consistent Return, which is a risk-adjusted performance measure
calculated over 36, 60 and 120 month periods. The highest 20% of
investment funds in each category are named Lipper Leaders for
Consistent Return and receive a score of 5, the next 20% receive a
score of 4, the middle 20% are scored 3, the next 20% are scored 2
and the lowest 20% are scored 1. The highest Lipper Leader for
Consistent Return in each category wins the Lipper Fund Award.
Lipper Leader ratings change monthly. For more information, see
www.lipperweb.com. Although Lipper makes reasonable
efforts to ensure the accuracy and reliability of the data
contained herein, the accuracy is not guaranteed by Lipper.
*HXS was awarded the 2015 Lipper Fund Award in the U.S.
Equity category for the three-year period ending July 31, 2015, ranking first out of the 16 ETFs
eligible for consideration in its category. Performance for
the HXS fund for the period ended July 31,
2015 is as follows: 32.82 % (1 year), 27.50 % (3 years) and
47.49 % (since inception on November 30,
2010). The corresponding Lipper Leader ratings of the fund
for the same period are as follows: 4 (3 years). Lipper
Leader ratings range from 1 to 5, with a ranking of 5 meaning that
the fund is in the top 20% of its category. For greater detail
please go to www.lipperweb.com.
SOURCE Horizons ETFs Management (Canada) Inc.