Horizons Exchange Traded Funds Inc and its affiliate AlphaPro Management Inc, have launched the Horizons Auspice Managed Futures Index ETF, an alternative strategy exchange traded fund that offers investors an opportunity to get exposure to a managed futures strategy.
Horizons HMF will offer investors exposure to the Auspice Managed Futures Excess Return Index (the "Auspice Index"), which is a managed futures index developed by Calgary-based Auspice Capital Advisors Ltd ("Auspice").
The Auspice Index seeks to benefit from trends in the commodity and financial futures markets. The Auspice Index is exposed to five or more broad sectors (e.g. energies, metals, agricultural commodities, interest rates, and currencies).
Class E units and Advisor Class units of Horizons HMF will begin trading today on the Toronto Stock Exchange ("TSX") under the below ticker symbols.
"Managed futures strategies have been around for more than 30 years. They are popular with many institutional and alternative strategy investors because they tend to deliver returns non-correlated to traditional asset classes like stocks and bonds. In fact, during the financial crisis of 2008/2009, managed futures, as represented by the Barclay CTA Index, were one of the few categories of North American investment strategies that delivered strong positive performance,” says Howard Atkinson (pictured), CEO of Horizons ETFs. "Typically, products that employ managed futures strategies have only been available to accredited investors, but this new ETF now offers all investors exposure to a managed futures strategy."
Auspice are recognised experts in the field of managed futures strategies. The Auspice Index methodology incorporates many of the best practices they have developed over the past several years.
"The Auspice Managed Futures Index uses a robust risk management and dynamic trend following strategy which endeavours to provide superior risk-adjusted returns," says Atkinson. "We’re very excited to be able to partner with Auspice to offer this index strategy to the Canadian marketplace in an innovative ETF structure."