MIND Horizons Active AI Global Equity ETF

TORONTO, Nov. 27, 2018  /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") will lower the management fees on certain of its actively managed exchange traded funds ("ETFs"). In addition, Horizons ETFs is announcing changes to the risk ratings applicable to certain ETFs.

Lower Management Fees

Horizons ETFs is pleased to announce fee reductions on six of its actively managed ETFs. These changes in management fees come into effect on December 1, 2018 and are described below:

^* Plus applicable sales tax.

No changes have been made to the investment objectives, or the appointment of the current sub-advisors of these ETFs, as a result of the reduced management fees.

"We have the largest and one of the most established actively managed ETF families in Canada. From day one when launching these types of ETFs, we have believed that combining strong active management with a competitive management fee increases the odds of a mandate generating better performance," said Steve Hawkins, President and CEO of Horizons ETFs.

"We have strong partnerships with all of our sub-advisors, including ReSolve Asset Management, Forstrong Global Asset Management and Guardian Capital, which manages the portfolios  of our suite of equity dividend mandates, said Mr. Hawkins. "When we reviewed these six active investment solutions, we determined that we now have sufficient economies of scale to offer these ETFs at a lower management fee, which we think will only enhance the likelihood of these great portfolio management teams being able to generate industry-leading returns."

Amended Risk Ratings

Horizons ETFs is also announcing changes to the risk ratings applicable to certain of its ETFs. The changes in risk ratings are effective immediately and are detailed below:

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, available at www.HorizonsETFs.com.

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 $10.3 billion of assets under management and 85 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.