Horizons ETF offers fee rebate

Horizons ETF is decreasing its management fee on Horizons S&P/TSX 60 from 0.07% to 0.05%. The reduced cost is effective for at least the next year.

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“Studies have shown that keeping investment costs low is a key component to improving portfolio performance,” says Howard Atkinson, CEO of Horizons ETFs.

He adds, “With some online brokerages now waiving commissions on HXT, you could potentially own $1,000 of HXT units for an all-in annual cost of approximately $0.56.”

Read: Horizons offers two new income ETFs

HXT doesn’t make any taxable distributions, adds the company. The only taxes associated with it occur when an investor sells. HXT has generated about 1.40% in tax-savings since its inception in September of 2010.

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