TORONTO, Sept. 29, 2011 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. ("AlphaPro") are pleased to announce the launch of Advisor Classes for two of its
The Advisor Classes are a new class of our existing ETFs. Advisors will
be directly compensated with a service fee on a trailing quarterly
basis (the "Service Fee"). The only difference between the Adviser Classes and existing Class E
units of our ETFs is that the Adviser Classes charge higher management
fees that include the Service Fees paid to the advisor. The purchase
and sale process for the Advisor Classes is identical to that of any
other ETF listed on the Toronto Stock Exchange.
Two Advisor Classes of the Horizons from the Horizons actively managed
family of ETFs listed below will begin trading on the Toronto Stock
Exchange ("TSX") today.
The name, ticker symbols and Service Fee for the new Advisor Classes are
Name of ETF
TSX Ticker Symbol
Horizons Income Plus ETF
Horizons Tactical Bond ETF
The Advisor Classes have closed the offering of their initial units and
will begin trading today on the TSX when the market opens this morning.
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 $3.3 billion in
assets under management and 75 ETFs listed on the TSX, the Horizons
ETFs family makes up the largest selection of ETFs in Canada. Horizons
ETFs is a member of the Jovian Capital Corporation (TSX: JOV) group of
SOURCE Horizons Exchange Traded Funds Inc., Horizons AlphaPro ETFs, AlphaPro Management Inc.
For further information:
Howard Atkinson, CEO, Horizons Exchange Traded Funds Inc., (416) 777-5167 email@example.com.