Canadian ETF provider becomes the first to offer ETF investors with access to Recognia® Technical Insight with advanced Elliot Wave analytics
OTTAWA and TORONTO, July 2, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is proud to announce that it will offer Recognia Technical Insight with Elliott Wave analytics to its clients across Canada, which have been developed by Recognia Inc., a leader in North America in providing technical analysis for retail investment brokers.
"Technical analysis is a longstanding method for attempting to forecast the price trends of securities and indices. Many ETF investors recognize its potential to improve the timing of their trades, which is why we're excited to be the first ETF provider in Canada to offer Recognia's technical analysis tools to our investors," said Howard Atkinson, President of Horizons ETFs. "We believe that these evaluation tools can potentially allow ETF investors to make more informed and less emotionally biased decisions."
Recognia Technical Insight aims to deliver clear and easy to understand tools that provide an interpretation of daily bullish or bearish trading trends. Investors can leverage Recognia Technical Insight to help plan trades in any exchange traded funds in the Horizons ETFs' family, within the context of potential trends signaled by over 30 types of chart patterns, candlesticks, indicators and oscillators. Recognia Technical Insight includes an email alert function, alerting investors and traders when events of significance occur.
Elliott Wave is a form of technical analysis developed by Ralph Nelson Elliott in the 1930s. Elliott observed that financial markets move in recognizable patterns which are created by underlying investor behaviors of fear and enthusiasm. He developed a rational system of stock price analysis that isolates patterns or "waves" of directional movements that recur in markets and are repetitive in nature, but are not necessarily repetitive in time or amplitude.
"We are pleased to be providing Horizons ETFs with Technical Insight, our flagship product, together with our advanced Elliott Wave analytics," said Rick Escher, President and CEO of Recognia Inc. "Horizons ETFs has a strong reputation for ETF innovation in Canada, and we're thrilled to be a part of that continuing tradition."
About Horizons ETFs (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. 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 $4.1 billion in assets under management and 71 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.
About Recognia (www.recognia.com)
Recognia is a worldwide leader in actionable investment research, delivering idea generation and risk-mitigation tools along with premium quantitative analytics to retail brokerages and institutions in 12 countries around the globe. Accessed by more than 20 million traders and investors, Recognia's proprietary investment research uses automated interpretation of technical, fundamental and value based analytics and provides coverage of more than 55 exchanges worldwide, analyzing more than 65,000 stocks, ETF's, forex, indices, and futures daily.
SOURCE: Horizons ETFs Management (Canada) Inc.
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