The first actively managed ETF in Canada to target multiple global asset classes using momentum-based investing.
TORONTO, Aug. 19, 2015 Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and its affiliate, AlphaPro Management Inc., are pleased to announce the launch of the Horizons Managed Multi-Asset Momentum ETF ("HMA"), the first actively managed ETF in Canada to use momentum-based investing to target multiple global asset classes.
Units of the ETF will begin trading today on the Toronto Stock Exchange ("TSX") in Canadian dollars under the ticker symbols "HMA" (Class E units) and "HMA.A" (Advisor Class units).
Sub-advised by Landry Investment Management Inc. ("Landry"), HMA will seek long-term returns by providing exposure to selected global asset classes on a risk-adjusted basis, primarily through investments in ETFs. In allocating HMA's portfolio, Landry selects the top ranked global asset classes, out of a current universe of 16; which include in part, Canadian and U.S. equities, emerging market equities, U.S. and Canadian bonds, real estate investment trusts, and gold.
Momentum investing refers to the investment strategy of seeking to capitalize on existing trends in a marketplace. For example, if a certain index or security is trending up, according to a specific characteristic, then a momentum investor believes that additional gains can be made.
"Landry uses a proprietary price momentum model to target top performing global asset classes," says Howard Atkinson, President of Horizons ETFs. "HMA seeks to give Canadian investors optimal risk-adjusted exposure, by not only capturing strong pricing uptrends, but also having a strong focus on risk management, such as moving to cash if there are no observable investment opportunities."
Landry was founded in 2002 by veteran investor Jean-Luc Landry, who wanted to make momentum-based investment portfolios more accessible to institutional investors and private clients. With the launch of HMA we can now add retail investors to this list.
"We are very excited about partnering with Horizons ETFs to launch the first actively managed global multi-asset momentum ETF," adds Mr. Landry. "We look at momentum investing as a way to capitalize on long-term uptrends and minimize the impact of market drawdowns, and HMA is an opportunity for investors to access our model in the liquid, low-cost ETF structure."
While Canada makes up approximately 3% to 4% of the world's total market capitalization, per the MSCI All Country World Index, it is well known that many Canadian investors express a 'home bias' and are typically overweight financial and commodity asset classes in their portfolios.
"HMA can provide investors with diversified access to global asset classes. By using the robust Landry model for ranking global assets, HMA's investors can reduce the concentration risk from being overly invested in domestic markets," adds Mr. Atkinson.
HMA closed the offering of its initial Class E and Advisor Class units and will begin trading today on the TSX when the market opens.
About Landry Investment Management Inc. (www.landryinvest.com)
Founded by veteran money manager Jean-Luc Landry in 2002, Landry Investment Management Inc. was created to provide a series of momentum oriented portfolios covering the major global equity markets. At first, the company designed portfolios for private clients and institutions looking for superior long-term equity returns, based exclusively on the relatively new style of investing known as Price Momentum.
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 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. Horizons ETFs has more than $5.1 billion of assets under management and with 69 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 Global Investments Group.
Horizons ETFs is a member of Mirae Asset Global Investments. 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.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Horizons ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
SOURCE Horizons ETFs Management (Canada) Inc.
For further information: Howard Atkinson, President, Horizons ETFs Management (Canada) Inc., (416) 777-5167, [email protected]