TORONTO, Aug. 4, 2023
/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 Robotics and
Automation Index ETF
|
RBOT
|
Medium to
High
|
High
|
|
Horizons Global
Semiconductor Index ETF
|
CHPS
|
Medium to
High
|
High
|
|
Horizons Seasonal
Rotation ETF
|
HAC
|
Low to
Medium
|
Medium
|
|
Horizons Canadian
Utility Services High Dividend
Index ETF
|
UTIL
|
Low to
Medium
|
Medium
|
|
Horizons Canadian Large
Cap Equity Covered Call
ETF
|
CNCC
|
Low to
Medium
|
Medium
|
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 with 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
currently has more than $27 billion
of assets under management and 113 ETFs listed on major Canadian
stock exchanges. Horizons ETFs is a wholly owned subsidiary of the
Mirae Asset Financial Group, which manages approximately
$710 billion of assets across 13
countries around the world.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase exchange traded products managed by
Horizons ETFs Management (Canada)
Inc. (the "Horizons Exchange Traded Products") and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Individuals
should seek the advice of professionals, as appropriate, regarding
any particular investment. Investors should consult their
professional advisors prior to implementing any changes to their
investment strategies. These investments may not be suitable to the
circumstances of an investor.
Commissions, management fees, and expenses all may be
associated with an investment in the Horizons Exchange Traded
Products. 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.
SOURCE Horizons ETFs Management (Canada) Inc.
