Two new thematic ETFs offer exposure to sectors facing
potential long-term structural trends
TORONTO, Oct. 27, 2021 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is pleased to announce the launches of the Horizons
Global Vaccines and Infectious Diseases Index ETF ("HVAX")
and the Horizons North American Infrastructure Development Index
ETF ("BLDR" and together, the "ETFs"). Units of the
ETFs will begin trading today on the Toronto Stock Exchange
("TSX") under the ticker symbols HVAX:TSX and BLDR:TSX,
respectively.
Thematic investing seeks to capture opportunities created by
structural trends. Two areas receiving significant attention
over the past 18 months are vaccines, as part of a global
pharmaceutical shift, and North American infrastructure investment.
Vaccines, and the prevention of infectious disease, alongside
infrastructure investment have taken on significant importance
recently and have generated considerable market interest. From
massive investment by global governments in COVID-19 research and
vaccine development, as well as the Biden administration's Build
Back Better agenda, which pledges billions of dollars toward
renewing U.S. infrastructure, both themes have an opportunity to
see long term momentum based on these events.
"As a leading provider of thematic ETFs in Canada, we are proud to once again offer
investors access to two of the most important themes of today,"
said Steve Hawkins, President and
CEO of Horizons ETFs. "Thematic ETFs, like HVAX and BLDR,
provide one-stop access with exposure to long-term trends with
significant growth potential. There has never been an easier time
to harness thematic ETFs and get exposure to the sectors driving
the future forward."
|
ETF Name
and Ticker
|
Summary of
Investment Objective
|
Management
Fee*
|
|
Horizons
Global
Vaccines and
Infectious
Diseases Index
ETF
(HVAX:TSX)
|
HVAX seeks to
replicate, to the extent possible and net of expenses, the
performance of the Solactive Global Vaccines and Infectious
Diseases Index which is designed to provide exposure to the
performance of global, publicly listed companies generally engaged
in the development and production of vaccines, therapeutics and
diagnostics. HVAX seeks to hedge any U.S. dollar portfolio exposure
back to the Canadian dollar at all times.
|
0.60%
|
|
Horizons
North
American
Infrastructure
Development
Index ETF
(BLDR:TSX)
|
BLDR seeks to
replicate, directly or indirectly and net of expenses, the
performance of the Solactive North American Infrastructure
Development Index which is designed to provide exposure to the
performance of North American, publicly listed companies generally
engaged in the development and production of the building materials
and equipment, as well as the logistics, construction and
engineering services used for the development and maintenance of
infrastructure projects. BLDR seeks to hedge any U.S. dollar
portfolio exposure back to the Canadian dollar at all
times.
|
0.60%
|
HORIZONS GLOBAL VACCINES AND INFECTIOUS DISEASES INDEX ETF
(HVAX)
HVAX allows investors to gain exposure to what we expect will be
a long-term global theme of vaccine development and disease
prevention that has been highlighted by the COVID-19 pandemic. Due
to the renewed importance of vaccines, cutting-edge therapies and
pandemic preparedness, the life sciences and pharmaceutical
companies engaged in infectious disease vaccines, diagnostics and
treatments have received massive capital infusions; this could
potentially propel further transformative innovation.
"The onset of the COVID-19 outbreak challenged many
assumptions about pandemic readiness and subsequently, spurred
hundreds of billions of dollars in vaccine development and
acquisition spending, enriching the life sciences and
pharmaceutical companies behind their development and
manufacture," said Mr. Hawkins. "As countries equip
themselves and their populations against future pandemics, it is
clear that the companies leading the fight against these infectious
threats are well-positioned for continued long-term growth and
revenue expansion."
HORIZONS NORTH AMERICAN INFRASTRUCTURE DEVELOPMENT INDEX ETF
(BLDR)
BLDR provides exposure to the North American companies that are
benefitting or are expected to benefit from crucial public and
private infrastructure investment – an important long-term trend
that has become increasingly prominent due to recent political
momentum in the U.S. and the impacts of climate change. Much of the
major infrastructure in North
America is a half-century old and will require extensive
public and private investment to ensure the United States and Canada have the ability to accommodate
population expansion and economic growth.
"The twin challenges of aging infrastructure and the need for
climate change resiliency means that infrastructure investment has
never been more critical for the future of North America. Thankfully, both the U.S. and
Canadian governments are taking action," said Mr. Hawkins.
"The U.S.'s Infrastructure Investment and Jobs Act, which
pledges over $500 billion towards
renewing and creating physical, transit and utility infrastructure,
will require millions of workers, creating an unprecedented
investment opportunity that could benefit both investors and the
broader economy."
The ETFs closed their initial offering of units to their
designated broker at the close of business on October 26, 2021, and will begin trading today on
the TSX.
For more information about HVAX, please visit:
www.HorizonsETFs.com/ETF/HVAX
For more information about BLDR, please visit:
www.HorizonsETFs.com/ETF/BLDR
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 $20 billion of assets under
management and 101 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 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.