BBIG offers investors global exposure to four key industries
driving the technology sector forward
TORONTO, April 13, 2021 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is pleased to announce the launch of the Horizons Global
BBIG Technology ETF ("BBIG" or the "ETF"). Shares of
the ETF will begin trading today on the Toronto Stock Exchange
("TSX") under the ticker symbols BBIG (Canadian dollar
units) and BBIG.U (U.S. dollar units).
BBIG currently seeks to replicate, to the extent possible and
net of expenses, the performance of the Solactive Global BBIG Index
(the "Index"), which is designed to provide exposure to the
performance of publicly listed large-cap and mid-cap global
equities in the following industries: secondary battery,
biotechnology, internet, and gaming – represented by the acronym,
BBIG.
"Over the last year, we have seen the pace of global
technological disruption and proliferation accelerate, particularly
in several key industries, including those that BBIG offers
exposure to," said Steve
Hawkins, President and CEO of Horizons ETFs. "While these
investment themes are in focus now, the continued growth of the
BBIG industries will be catalysts for the advancement of other
technology-reliant industries, such as the electric vehicle
industry, underscoring their future growth potential."
According to Grandview Research, the battery industry is
currently generating approximately US$110
billion in global revenue annually and with the continued
shift from traditional energy sources, including fossil fuels, is
expected to triple its global revenue to more than US$300 billion by 2027.
Companies included within BBIG's biotechnology industry category
are engaged in various innovative health care sectors, including
gene editing, genomics, bioinformatics and biopharmaceuticals.
The global biotechnology industry is expected to exceed
US$2.4 trillion in market size from
its current valuation of US$760
billion by 2028 by Grandview Research.
BBIG and its Index's approach to internet industry exposure is
to focus on companies that are involved in leading the development
of internet technologies, software, and services, like
cybersecurity and e-commerce infrastructure.
Finally, BBIG's gaming industry exposure will include video game
publishers, producers of hardware used in gaming consoles, e-sports
league operators, and companies involved in the development of
augmented and virtual reality technologies. According to Grandview
Research, by 2027, the gaming industry is forecasted to have
revenues of US$291.16 billion.
BBIG's Index utilizes ARTIS®, a proprietary natural language
processing algorithm developed by Solactive. ARTIS® identifies
companies with significant exposure to the provision of products
and/or services in the Index's relevant industry categories. Each
of the four industry categories are limited to 10 constituent
holdings and are equally weighted at 2.5% at each selection and
review day.
"While the technological revolution has been well underway
for quite some time, the Index's focus on the top ten ranked names,
according to the ARTIS score in each category, helps ensure a
portfolio that is focused on the most promising drivers of
innovation," said Mr. Hawkins. "At the same time, the
Index's global mandate ensures that your exposure is not limited by
home bias and reflects the cutting-edge technologies that are being
discovered and produced around the world."
In addition to being a company classified within one of the four
listed industries, companies eligible for inclusion in the Index
must also meet minimum size and liquidity requirements, be
headquartered in a developed or emerging market country, as defined
by Solactive, and have a primary listing in a developed market
country, including South Korea and
Taiwan. Any stock listed on a
local exchange in China is
excluded, however, the Index can include dually listed Chinese
stocks that trade on Hong Kong Exchanges or have an American
Depository Receipt in the United
States.
BBIG has closed its initial offering of shares and will begin
trading on the TSX when the market opens this morning.
About Horizons ETFs Management (Canada) Inc.
(www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product family 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 has approximately $18 billion of
assets under management and 89 ETFs listed on major Canadian stock
exchanges.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (the
"Horizons Exchange Traded Products") managed by Horizons ETFs
Management (Canada) Inc. The
Horizons Exchange Traded Products are not guaranteed, their values
change frequently and past performance may not be repeated. The
prospectus contains important detailed information about the
Horizons Exchange Traded Products. Please read the relevant
prospectus before investing.
Certain statements herein may constitute a forward-looking
statement, including those identified by the expression "expect"
and similar expressions (including grammatical variations thereof).
The forward-looking statements are not historical facts but reflect
the author's current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. These and other
factors should be considered carefully and readers should not place
undue reliance on such forward looking statements. These
forward-looking statements are made as of the date hereof and the
authors do not undertake to update any forward-looking statement
that is contained herein, whether as a result of new information,
future events or otherwise, unless required by applicable
law.
SOURCE Horizons ETFs Management (Canada) Inc.
