Horizons ETFs opens actively managed global ETF

Horizons ETFs is opening a new ETF for global investors.

The Horizons Managed Global Opportunities ETF is a globally focused, actively managed ETF, sub-advised by Forstrong Global Asset Management.

Read: Horizons ETFs opens managed multi-asset momentum ETF

The ETF trades on the TSX in Canadian dollars under the symbols “HGM” (Class E units) and “HGM.A” (Advisor Class units).

The investment objectives of HGM are to use flexible tactical asset allocation among multiple global asset classes to seek long-term growth, while also seeking to protect against downside risk. HGM will invest primarily in exchange-traded products that are listed on North American stock exchanges and may be exposed to equity securities, fixed-income securities or currencies around the world, or to gold.

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European ETF assets growing 13% faster

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The staff of Advisor.ca have been covering news for financial advisors since 1998.