Canadian ETF provider becomes the first to offer ETF investors with
access to Recognia® Technical Insight with advanced Elliot Wave
OTTAWA and TORONTO, July 2, 2013 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons ETFs") is proud to announce that it will offer
Recognia Technical Insight with Elliott Wave analytics to its clients
across Canada, which have been developed by Recognia Inc., a leader in
North America in providing technical analysis for retail investment
"Technical analysis is a longstanding method for attempting to forecast
the price trends of securities and indices. Many ETF investors
recognize its potential to improve the timing of their trades, which is
why we're excited to be the first ETF provider in Canada to offer
Recognia's technical analysis tools to our investors," said Howard Atkinson, President of Horizons ETFs. "We believe that these evaluation tools can potentially allow ETF
investors to make more informed and less emotionally biased decisions."
Recognia Technical Insight aims to deliver clear and easy to understand
tools that provide an interpretation of daily bullish or bearish
trading trends. Investors can leverage Recognia Technical Insight to
help plan trades in any exchange traded funds in the Horizons ETFs'
family, within the context of potential trends signaled by over 30
types of chart patterns, candlesticks, indicators and oscillators.
Recognia Technical Insight includes an email alert function, alerting
investors and traders when events of significance occur.
Elliott Wave is a form of technical analysis developed by Ralph Nelson
Elliott in the 1930s. Elliott observed that financial markets move in
recognizable patterns which are created by underlying investor
behaviors of fear and enthusiasm. He developed a rational system of
stock price analysis that isolates patterns or "waves" of directional
movements that recur in markets and are repetitive in nature, but are
not necessarily repetitive in time or amplitude.
"We are pleased to be providing Horizons ETFs with Technical Insight, our
flagship product, together with our advanced Elliott Wave analytics," said Rick Escher, President and CEO of Recognia Inc. "Horizons ETFs has a strong reputation for ETF innovation in Canada, and
we're thrilled to be a part of that continuing tradition."
About Horizons ETFs (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies offering
the Horizons ETFs family of exchange traded funds. The Horizons ETFs
family includes a broadly diversified range of investment tools with
solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. With
approximately $4.1 billion in assets under management and 71 ETFs
listed on the Toronto Stock Exchange, the Horizons ETFs family makes up
one of the largest families of ETFs in Canada. Horizons ETFs Management
(Canada) Inc. and AlphaPro Management Inc. are members of the Mirae
Asset Financial Group.
About Recognia (www.recognia.com)
Recognia is a worldwide leader in actionable investment research,
delivering idea generation and risk-mitigation tools along with premium
quantitative analytics to retail brokerages and institutions in 12
countries around the globe. Accessed by more than 20 million traders
and investors, Recognia's proprietary investment research uses
automated interpretation of technical, fundamental and value based
analytics and provides coverage of more than 55 exchanges worldwide,
analyzing more than 65,000 stocks, ETF's, forex, indices, and futures
SOURCE: Horizons ETFs Management (Canada) Inc.
For further information:
for Recognia Inc.
(613) 789-2267 ext.254
for Horizons ETFs