TORONTO, Nov. 27, 2020 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs" or the "Manager") is pleased to
announce that the underlying index of the Horizons EURO STOXX 50®
Index ETF (the "ETF") will change from the EURO STOXX 50®
Future Rolls Index (Total Return) to the Solactive Europe 50
Rolling Futures Index (Total Return) and the name of the ETF will
change to the Horizons Europe 50 Index ETF.
Currently, the ETF seeks to replicate, to the extent possible,
the performance of the EURO STOXX 50® Futures Roll Index (Total
Return), net of expenses. The ETF will change its underlying index
from the current Index to the Solactive Europe 50 Rolling Futures
Index (Total Return) (the "New Index").
|
Current ETF
Name
|
New ETF
Name
|
Index Until
December 1
|
Index On and
After
December 1
|
|
Horizons EURO
STOXX
50® Index ETF
|
Horizons Europe 50
Index
ETF
|
EURO STOXX 50®
Future Rolls Index
(Total Return)
|
Solactive Europe
50
Rolling Futures Index
(Total Return)
|
The Solactive Europe 50 Rolling Futures Index (Total Return) is
designed to measure the performance of 50 of the largest companies
that are sector leaders in the Eurozone. The New Index is licensed
from Solactive AG (the "Index Provider"), and is calculated
and distributed by the Index Provider. The New Index tracks the
performance of a EUREX active month EUROSTOXX50 futures contract,
and rolls the exposure over four days from the active contract into
the next active contract (the "Roll Period"). The full index
methodology is available at www.Solactive.com.
In all other respects, the fundamental investment objectives,
investment strategies, restrictions, risk factors and fee structure
(including the management fee and forward document expenses payable
by the ETF) remain the same. The change in index will not affect or
change the investment sectors, management fee, distribution policy
or risk assessment relating to the ETF. The ETF will continue to
trade on the Toronto Stock Exchange (the "TSX") under the
ticker symbol HXX.
The Manager anticipates that the underlying index change will
take effect at the open of business on December 1, 2020, with the name change of the ETF
following on that date or as soon as practicable thereafter.
About Solactive (www.Solactive.com)
Solactive is a leading provider of indexing, benchmarking, and
calculation solutions for the global investment and trading
community. As at April 2020,
Solactive served approximately 450 clients across the world, with
approximately US$200 billion invested
in products linked to our indices. Solactive is registered with
ESMA as a benchmark administrator and is supervised by the
BaFin.
About Horizons ETFs Management (Canada) Inc.
(www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product family includes a broadly diversified range
of solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs has over $15.8 billion of assets
under management and 93 ETFs listed on major Canadian stock
exchanges, as at October 31,
2020.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (the
"Horizons Exchange Traded Products") managed by Horizons ETFs
Management (Canada) Inc. The
Horizons Exchange Traded Products are not guaranteed, their values
change frequently and past performance may not be repeated. The
prospectus contains important detailed information about the
Horizons Exchange Traded Products. Please read the relevant
prospectus before investing.
SOURCE Horizons ETFs Management (Canada) Inc.