Horizons launches S&P ETF

Another ETF has joined Horizons BetaPro’s stable of funds. The S&P 500 Index ETF (BetaPro S&P 500 ETF or HXS) is now trading on the TSX. HXS is the second BetaPro ETF that will track an index already available to Canadian investors through another TSX listed index-tracking ETF. HXS offers a low-cost and tax efficient total return structure providing exposure to the S&P 500 Index. The BetaPro S&P 500 ETF seeks to replicate the performance of the S&P 500 Canadian Dollar Hedged Index (Total Return), net of expenses. “HXS represents another milestone for Canadian ETF investors and continues the new era of competition in the Canadian ETF industrty,” said Howard Atkinson, president of BetaPro Management Inc.