TORONTO, April 3, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. ("AlphaPro") are pleased to announce the launch of the Horizons Auspice Managed Futures Index ETF ("Horizons HMF"), an innovative alternative strategy exchange traded fund that offers investors an opportunity to get exposure to a managed futures strategy.
Horizons HMF will offer investors exposure to the Auspice Managed Futures Excess Return Index (the "Auspice Index"), which is a managed futures index developed by Calgary-based Auspice Capital Advisors Ltd. ("Auspice").
The Auspice Index seeks to benefit from trends in the commodity and financial futures markets. The Auspice Index is exposed to five or more broad sectors (e.g. energies, metals, agricultural commodities, interest rates, and currencies).
Class E units and Advisor Class units of Horizons HMF will begin trading today on the Toronto Stock Exchange ("TSX") under the below ticker symbols.
|Name of ETF||TSX Ticker Symbol|
|Class E Units||Advisor Class Units|
|Horizons Auspice Managed Futures Index ETF||HMF||HMF.A|
"Managed futures strategies have been around for more than 30 years. They are popular with many institutional and alternative strategy investors because they tend to deliver returns non-correlated to traditional asset classes like stocks and bonds. In fact, during the financial crisis of 2008/2009, managed futures, as represented by the Barclay CTA Index, were one of the few categories of North American investment strategies that delivered strong positive performance" said Howard Atkinson, CEO of Horizons ETFs. "Typically, products that employ managed futures strategies have only been available to accredited investors, but this new ETF now offers all investors exposure to a managed futures strategy."
Auspice are recognized experts in the field of managed futures strategies. The Auspice Index methodology incorporates many of the best practices they have developed over the past several years.
"The Auspice Managed Futures Index uses a robust risk management and dynamic trend following strategy which endeavours to provide superior risk-adjusted returns," said Mr. Atkinson. "We're very excited to be able to partner with Auspice to offer this index strategy to the Canadian marketplace in an innovative ETF structure."
Commissions, trailing commissions, management fees and expenses all may be associated with investment in Horizons HMF. Horizons HMF is not guaranteed, its value will change frequently and past performance may not be repeated. Horizons HMF is not guaranteed, its value changes frequently and past performance may not be repeated. Horizons HMF 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. Please read the prospectus before investing.
Horizons HMF has closed the offering of its initial Class E and Advisor Class units and will begin trading today on the TSX when the market opens this morning.
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 more than $3.3 billion in assets under management and 82 ETFs listed on the TSX, 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 Group.
For further information:
Howard Atkinson, CEO, Horizons Exchange Traded Funds Inc., (416) 777-5167