Horizons offers advisor class long/short ETF

Horizons Exchange Traded Funds has launched an advisor class of its long-short the Horizons S&P/TSX 60 130/30 Index ETF.

The advisor class units charge a higher management fee, which includes the 0.75% annual service fee paid to the advisor. The purchase and sale process for the advisor class is identical to that of any other exchange traded fund.

The advisor class of the Horizons ETF began trading on the TSX today, and seeks investment results that endeavour to correspond to the performance of the S&P/TSX 60 130/30 Strategy Index, designed to measure the performance of an investment strategy that establishes over and under-weight positions relative to the S&P/TSX 60 Index.

“We are pleased to offer advisor class units on this innovative indexing strategy, which gives advisors more flexibility in how they choose to buy this ETF for their client accounts,” said Howard Atkinson, CEO of Horizons ETFs.

“The Long/Short Index has demonstrated that not all indices behave the same since it’s seen superior performance when compared to the TSX 60 Index, and gaining exposure to the Long/Short Index for their clients as a core holding should be top of mind for advisors.”

Staff

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