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Horizons ETFs to list three country-specific ETFs in the US

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Horizons ETFs Management has filed a registration statement with the Securities and Exchange Commission to issue three new country-specific exchange-traded funds (ETFs) in the US.

Launch dates for the proposed ETFs have not yet been determined.
 
Each ETF, if approved, would seek to provide investors with exposure to three different geographic markets respectively: China, Korea and Canada.
 
The proposed ETFs are named as follows:
 
                •             Horizons China High Dividend Yield ETF              
                •             Horizons KOSPI 200 ETF                                         
                •             Horizons S&P/TSX 60 ETF                                   
 
Horizons USA will act as investment manager to these ETFs and Mirae Asset Global Investments (Hong Kong) will act as sub-manager to the Horizons China High Dividend Yield ETF and Horizons KOSPI 200 ETF.  If approved, Horizons USA would list these ETFs on the NYSE Arca and serve as their adviser.
 
Affiliates of Horizons USA manage similar ETFs in other geographic markets. Horizons USA and its global affiliates are all subsidiaries of Mirae Asset Global Investments, one of the world's largest investment managers in emerging market equities. 
 
The Horizons China High Dividend Yield ETF would seek investment results that, before fees and expenses, generally correspond to the performance of the Hang Seng High Dividend Yield Index. The Hang Seng High Dividend Index is comprised of the 50 companies with the highest net dividend yields listed on the Hong Kong Stock Exchange (HKEx). These companies are incorporated or conduct a majority of their business in Hong Kong or mainland China.
 
The Horizons KOSPI 200 ETF would seek investment results that, before fees and expenses, generally correspond to the performance of the KOSPI 200 Index.
 
The KOSPI 200 is a free float-adjusted market capitalization-weighted index comprised of 200 blue chip companies listed on the Korea Exchange (KRX), selected based on factors such as liquidity and how well they represent their respective markets and industries.
 
The Horizons S&P/TSX 60 ETF will seek investment results that, before fees and expenses, generally correspond to the performance of the S&P/TSX 60 Index. The S&P/TSX 60 is a float market capitalization-weighted index comprised of 60 of the largest and most liquid companies listed on the Toronto Stock Exchange (TSX), as selected by S&P Dow Jones Indices using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.
 
"Horizons USA is part of a larger global ETF company with a presence in Australia, Canada, Korea, Hong Kong, Latin America and the US, overseeing more than USD8bn in ETF assets in aggregate," says Howard Atkinson, managing director of Horizons USA. "We want US investors to benefit from our global expertise in managing similar ETFs in other markets."
 
"We are strongly committed to developing our ETF business in the United States," says Taeyong Lee, president of the global business unit of Mirae Asset Global Investments. "Mirae Asset has a long track record of successfully bringing global markets to local investors through the expertise of our international network of investment professionals."

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