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Horizon Active Asset Allocation N Fund gets Five Star Three-Year Morningstar Rating


The Horizon Active Asset Allocation N Fund (AAANX) has received the prestigious five-star Morningstar Rating.

As of 31 January, 2015, the Horizon fund’s three-year risk-adjusted performance ranked within the top funds of the Morningstar Tactical Allocation category, which includes 197 funds. The category has grown rapidly over the last several years, with more than 300 funds now included by Morningstar.

Introduced on 31 January, 2012, AAANX seeks to achieve equity-like performance while attempting to manage risk. The fund is managed using a multi-disciplined global asset allocation strategy that utilises exchange-traded funds (ETFs) to implement its objectives. 

“What ETFs have allowed us to do is to efficiently transact around the world – including different market capitalisations, investment styles, sectors, countries, commodities, and currencies,” says Robbie Cannon, Horizon’s CEO & President. “What we wanted to do was couple our proprietary Economic, Quantitative and Fundamental (EQF) analysis with a flexible investment vehicle like ETFs to create a cutting edge strategy.”

There are currently over 1661 ETFs in 540 different investable segments. By employing an active asset allocation strategy, the fund seeks to navigate volatile market swings, capture upside price moves in rising markets and reduce downside risk when markets decline.

“We introduced the Horizon Active Asset Allocation Fund to give advisors and investors a simple way to invest in our Economic, Quantitative and Fundamental strategy through an actively managed, open-end mutual fund,” says Ron Saba, CIO at Horizon Investments. “Over the last several years we’ve seen a number of new competitors enter this category. We are extremely pleased to have achieved this five-star rating for the fund on its third anniversary.”

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