TORONTO, May 12, 2016 /CNW/ - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs"), effective immediately, has assumed all portfolio management responsibilities for the HAP Nexus Hedge Fund Replication Trust, which is the reference fund for the Horizons Morningstar Hedge Fund Index ETF ("HHF" or the "ETF").
The investment objective of HHF remains unaffected. HHF continues to seek investment results that replicate the performance of the Morningstar Broad Hedge Fund Index (the "Hedge Fund Index"), hedged to the Canadian dollar.
HHF continues to follow its innovative index replication strategy licensed from National Bank of Canada. The replication strategy primarily uses liquid futures contracts on several different asset classes, including equity indices, currencies, fixed income securities and commodities. The ETF does not invest, directly or indirectly, in the constituent hedge funds comprising the Hedge Fund Index.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies, which combined make up one of the largest families of exchange traded funds in Canada. The Horizons ETFs' product suite includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs currently has more than $6 billion of assets under management and has 73 ETFs listed on the Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Global Investments Group.
Commissions, management fees and applicable sales taxes all may be associated with an investment in the exchange traded funds managed by Horizons ETFs Management (Canada) Inc. (the "ETFs"). The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing.
Morningstar® and Morningstar® Broad Hedge Fund IndexSM are registered trademarks of Morningstar, Inc. These marks have been licensed for certain purposes by AlphaPro Management Inc. The ETF is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (collectively, "Morningstar") and Morningstar makes no representation, warranty or condition, regarding the advisability of buying, selling or holding units/shares in the ETF. The owner, or any of its affiliates, does not sponsor, endorse, sell, promote or make any representation regarding the advisability of investing in the ETF. Complete trademark and service-mark information is available at www.horizonsetfs.com/pub/en/Trademark.aspx.
SOURCE Horizons ETFs Management (Canada) Inc.
For further information: Olivia Fazekas, Manager, Public Relations, Horizons ETFs Management (Canada) Inc., (416) 640-8255, firstname.lastname@example.org