Bringing you live news and features since 2006 

Horizons ETFs to close three ETFs


Horizons ETFs Management (Canada) is terminating three exchange-traded funds (ETFs) effective at the close of business on 31 January 2014.

The ETFs being terminated are:
Horizons BetaPro COMEX Copper Bull Plus ETF (HKU)
Horizons BetaPro COMEX Copper Bear Plus ETF (HKD)
Horizons Australian Dollar Currency ETF (ASD)
Effective immediately, no further direct subscriptions for units of the terminated ETFs will be accepted. 27 January 2014 is expected to be the last date on which a redemption request may be placed with the manager, and the terminated ETFs are expected to be de-listed from the Toronto Stock Exchange, at the request of the manager, at the close of business on or about 28 January, with all units still held by investors being subject to a mandatory redemption as of the termination date.
Any remaining unitholders of the terminated ETFs as at the termination date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the terminated ETFs, on a prorata basis.

Latest News

Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..
Schwab Asset Management, the asset management arm of The Charles Schwab Corporation and the fifth-largest provider of ETFs, has announced..
Digital asset manager CoinShares International Limited has announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions...
Despite a small contraction in assets caused by a complex market and macroeconomic scenario in Europe and at the global..

Related Articles

Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Jeff Ringdahl, Resolute Investment Management
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to...
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