RBOT Global X Robotics and AI Index

TORONTO, Oct. 25, 2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") announced today that it will change the name of the Horizons Robotics and Automation Index ETF (the "ETF"). The name change described below is expected to be effective Monday, October 30, 2023.

The name of the ETF will be changed to the Horizons Robotics & AI Index ETF. The ETF's ticker, RBOT, will remain the same.

The name of the ETF has been changed to more closely correspond to the name of the ETF's underlying index, which is the Indxx Global Robotics & Artificial Intelligence Thematic Index (the "Index").

A prospectus that reflects the changes set out above will be filed following the date of this press release, and will be available at www.sedar.com or the Manager's website at www.horizonsetfs.com.

"Over the past year, the potential of artificial intelligence systems and of the companies enabling their development have been a driver of economic transformation, industry disruption and in some instances, market performance," said Rohit Mehta, President and CEO of Horizons ETFs. "Our changes to RBOT's name better align it with the name of its Index, and the Index's name reflects the exposure to some of the key companies involved in the global artificial intelligence ecosystem."     

There are no changes to the ETF's management fees. The ETF is also available in a U.S. dollar version under the ticker symbol "RBOT.U."

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 $27 billion of assets under management and 119 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $710 billion of assets across 13 countries around the world.

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 value changes 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.

Indxx is a service mark of Indxx, LLC ("Indxx") and may be licensed for use for certain purposes by the Manager. RBOT is not sponsored, endorsed, sold or promoted by Indxx. Indxx makes no representation or warranty, express or implied, to the owners of RBOT or any member of the public regarding the advisability of investing in securities generally or in RBOT particularly. Indxx has no obligation to take the needs of the Manager or the Unitholders of RBOT into consideration in determining, composing or calculating the Indxx Global Robotics & Artificial Intelligence Thematic Index. Indxx is not responsible for and has not participated in the determination of the timing, amount or pricing of the Units to be issued or in the determination or calculation of the equation by which the Units are to be converted into cash. Indxx has no obligation or liability in connection with the administration, marketing or trading of RBOT.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

SOURCE Horizons ETFs Management (Canada) Inc.