TORONTO, Feb. 28, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") hereby announce that a change to the investment objective of the
Horizons S&P 500® Index (C$ Hedged) ETF ("HXS") was approved at a special meeting of unitholders held today.
Beginning on or about April 1, 2013, HXS will seek to replicate, to the
extent possible, the performance of the S&P 500® Index (Total Return),
net of expenses.
On or about April 1, 2013, the Manager also expects to change the name
of HXS to the "Horizons S&P 500® Index ETF" and to offer units of HXS
in both Canadian and US dollars.
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 $4.2 billion in
assets under management and 77 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.