Horizons launches managed futures ETF

Horizons Exchange Traded Funds Inc. has announced plans to launch the Horizons Auspice Managed Futures Index ETF, an innovative alternative strategy exchange traded fund that offers investors an opportunity to get exposure to a managed futures strategy.

The fund will offer investors exposure to the Auspice Managed Futures Excess Return Index, which is a managed futures index developed by Calgary-based Auspice Capital Advisors Ltd.

The index seeks to benefit from trends in the commodity and financial futures markets and is exposed to five or more broad sectors, including energies, metals, agricultural commodities, interest rates, and currencies.

Class E units and Advisor Class units of fund will begin trading today on the Toronto Stock Exchange under the ticker symbols HMF and HMF.A.

“During the financial crisis of 2008/2009, managed futures were one of the few categories of North American investment strategies that delivered strong positive performance” says Howard Atkinson, CEO of Horizons ETFs. “Typically, these products have only been available to accredited investors, but this new ETF now offers exposure to all investors.”

He adds, “The Auspice Managed Futures Index uses a robust risk management and dynamic trend following strategy that provides superior risk-adjusted returns.”

Staff

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