TORONTO, Nov. 28, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is proud to announce that the Horizons Active Floating Rate Bond ETF ("HFR") won the Best Fixed Income ETF Award at the 19th Annual Morningstar Canadian Investment Awards last night. HFR is an actively managed ETF sub-advised by Fiera Capital Corporation ("Fiera"), one of the largest fixed income managers in Canada.
"It's very gratifying to see the ETF industry receiving increased recognition at such a prestigious event," said Howard Atkinson, President of Horizons ETFs and Chair of the Canadian ETF Association. "Being nominated for, and winning a Morningstar Award is one of the highest honours in the investment industry."
"Fiera is very proud to be associated with Horizons ETFs, a strong and credible partner. Fiera's renowned investment management expertise and the exceptional distribution network behind Horizons ETFs together represent a truly winning combination," said François Bourdon, Associate Chief Investment Officer and Vice President, Asset Allocation and Fixed Income, at Fiera.
Horizons ETFs had four nominations in two different categories. In the fixed income category, in addition to winning for HFR, Horizons ETFs was also nominated for the Horizons Active High Yield Bond ETF. The winner of the Best Fixed Income ETF Award was selected by a panel of jurors from the ETF analyst community.
HFR is designed to generate income that is consistent with prevailing short-term corporate bond yields while stabilizing the market value of the ETF from the effects of interest rate fluctuations. The ETF invests in a portfolio of Canadian debt securities and hedges the portfolio's interest rate risk to generally maintain a portfolio duration of less than two years.
"We believe that this award validates the importance of active management in fixed income," said Mr. Atkinson. "HFR gives investors, regardless of portfolio size, access to top-tier professional management at a low fee. Active ETFs have the potential to outperform their benchmarks on a risk-adjusted basis, which is clearly demonstrated by HFR's track record."
Horizons ETFs was also nominated in the Best Specialty ETF category for the Horizons Seasonal Rotation ETF ("HAC") and the Horizons Morningstar Hedge Fund Index ETF ("HHF").
"Our corporate tagline is 'ETF Solutions for Every Investor,' which expresses our mission to democratize the Canadian investment landscape," said Mr. Atkinson. "HAC and HHF are perfect examples of ETFs that provide investors with low-cost, flexible exposure to diversification and total return strategies which have traditionally only been available to institutional or accredited investors."
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by AlphaPro Management Inc. and Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. Please read the relevant prospectus before investing.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs 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 $4.2 billion in assets under management and 73 ETFs listed on the Toronto Stock Exchange (as at Oct. 31, 2013), the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs and AlphaPro Management Inc. are members of the Mirae Asset Global Investments Group.
About Fiera Capital Corporation (www.FieraCapital.com)
Fiera Capital is a leading publicly traded, independent investment management firm. The Firm is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments.
SOURCE: Horizons ETFs Management (Canada) Inc.
For further information:
Howard Atkinson, President
Horizons ETFs Management (Canada) Inc.
(416) 777-5167 or [email protected]
Mélanie Tardif, CPA, CMA
Director, Corporate Communications and Investor Relations
Fiera Capital Corporation
(514) 954-6456 or [email protected]