Horizons launches Canadian dollar currency ETF

Horizons ETFs Management has launched Horizons Canadian Dollar Currency ETF, which will begin trading today on the TSX in Canadian dollars under the ticker symbol CAN.

CAN is the only ETF in Canada to provide investors with the opportunity to directly profit from a strong Canadian dollar, relative to the U.S. dollar, says the company. For example, when the Canadian dollar appreciates relative to the U.S. dollar, the value of CAN is expected to increase. Conversely, when the Canadian dollar depreciates against the U.S. dollar, the value of CAN is expected to decrease.

Staff

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