Bringing you live news and features since 2006 

Horizons ETFs announces unit consolidations


Horizons ETFs Management (Canada) is consolidating the units of the Horizons S&P 500 Index ETF, the Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF and the Horizons BetaPro Nasdaq-100 Bear Plus ETF.

After the close of trading on 15 November 2013 on the Toronto Stock Exchange (TSX), the units of the ETFs will be consolidated on the basis of the following ratios and will begin trading on a post consolidated basis on 18 November 2013, the effective date of the consolidation:
Horizons S&P 500 Index ETF (HXS/HXS.U) – 1:2
Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF (HVU) – 1:4
Horizons BetaPro Nasdaq-100 Bear Plus ETF (HQD) – 1:4
"The unit consolidation of HXS will reduce the per-unit trading cost of HXS units," says Howard Atkinson (pictured), president of Horizons ETFs. "HXS is already one of the most tax efficient ways for Canadian investors to gain exposure to the S&P 500, this higher per unit cost further enhances the appeal of HXS for institutional and high-net-worth investors."

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by