Horizons ETFs Management (USA), a member of the Horizons Exchange Traded Funds Group, has completed its acquisition of Recon Capital Advisors (RCA).
Under the terms of the acquisition, the four ETFs managed by RCA have been formally merged with Horizons USA's ETF platform.
Horizons USA now offers five US listed ETFs, representing approximately USD150 million in assets under management (as of 31 December 2016). This family of ETFs includes the Horizons S&P 500 Covered Call ETF, which is listed on the New York Stock Exchange under the ticker symbol HSPX.
Horizons USA also plans to launch three additional ETFs that are anticipated to list in Q2 2017, which will focus on both global and domestic risk-managed income.