TORONTO, March 27, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") hereby announce that a change to the investment objective of the
Horizons Active Advantage Yield ETF ("HAF") was approved at a special meeting of unitholders held today.
Beginning on or about April 1, 2013, HAF will seek to provide
Unitholders with: (i) a stable stream of tax-efficient monthly
distributions; and (ii) the opportunity for capital appreciation
through exposure to a tactical asset allocation strategy that focuses
primarily on fixed income and fixed income-like securities.
About Horizons Exchange Traded Funds Inc. (www.HorizonsETFs.com)
Horizons ETFs is an innovative financial services company offering the
Horizons ETFs family of ETFs. 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 $4.3 billion in
assets under management and 74 ETFs listed on the Toronto Stock
Exchange, the Horizons ETFs family makes up one of the largest families
of ETFs in Canada. Horizons ETFs is a subsidiary of Horizons ETFs
Management (Canada) Inc. and a member of the Mirae Asset Financial
SOURCE: Horizons Exchange Traded Funds Inc.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739