TORONTO, Aug. 26, 2021 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") today announced changes to the risk ratings applicable
to five of its ETFs. The changes in risk ratings are effective
immediately and detailed in the table below:
|
ETF
|
Ticker
|
Previous
Risk
Rating
|
New
Risk
Rating
|
|
Horizons S&P/TSX
60™ Index ETF
|
HXT
|
Low to
Medium
|
Medium
|
|
Horizons US Large Cap
Index ETF
|
HULC
|
Low to
Medium
|
Medium
|
|
Horizons US 7-10 Year
Treasury Bond ETF
|
HTB
|
Medium
|
Low to
Medium
|
|
Horizons ReSolve
Adaptive Asset Allocation ETF
|
HRAA
|
Medium to
High
|
Medium
|
|
Horizons Gold
ETF
|
HUG
|
Medium
|
Medium to
High
|
These changes are the result of an annual review conducted in
accordance with a standardized investment risk classification
methodology, set out in National Instrument 81-102 Investment
Funds, that is based on the historical volatility of the ETF as
measured by the 10-year standard deviation of the returns of the
ETF. If an ETF has less than 10 years of performance history, the
investment risk level of the ETF is calculated using the return
history of the ETF and, for the remainder of the 10 year period,
the return history of a reference index that is expected to
reasonably approximate the standard deviation of the ETF.
No changes have been made to the investment objectives or
strategies of these ETFs as a result of the changes to the risk
ratings. A summary of the risk rating classification methodology,
investment objectives and strategies of an ETF can be found in the
ETF's most recently filed prospectus.
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 more than $19 billion of
assets under management and 95 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.
