Horizons launches risk parity strategy ETF

Horizons ETFs Management (Canada) Inc. and its affiliate, AlphaPro Management Inc., launched the new actively managed Horizons Global Risk Parity ETF.

The ETF strategy aims to keep risk levels balanced across asset classes, regardless of market conditions.

Read: Don’t forget: Deliver fund facts before clients invest

It started trading today on the TSX under the ticker “HRA” and uses a portfolio allocation strategy known as risk parity theory for balanced risk. The ETF is sub-advised by Toronto-based ReSolve Asset Management Inc.

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