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Horizons ETFs reduces management fee on Active Cdn Municipal Bond ETF


Horizons ETFs Management (Canada) has reduced the management fee on the Horizons Active Cdn Municipal Bond ETF (HMP) Class E units to 0.29 per cent from 0.35 per cent, effective immediately.

The investment objective of Horizons HMP is to seek to provide unitholders with a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.
HMP is an actively managed ETF which is sub-advised by Fiera Capital Corporation.
HMP is the only ETF listed on the Toronto Stock Exchange that provides diversified exposure to Canada's municipal bond market. Municipal bonds, also referred to as "munis," are debt securities generally issued by cities, municipalities or municipal finance authorities to fund local projects such as the construction of bridges, highways, airports or schools.
"Since its inception in the summer of 2015, HMP has been one of our fastest-growing ETFs and currently has assets of more than USD100 million. It provides low-cost and diversified exposure to a unique class of bonds, which typically have a risk profile similar to government bonds – but with noticeably higher yields," says Steven Hawkins, president and co-CEO of Horizons ETFs. "We believe the fee reduction will further enhance the appeal of this ETF for Canadian fixed income investors seeking an attractive risk-return profile for their portfolios."
In parallel, HMP's Advisor Class unit fee has also been reduced to 0.79 per cent from 0.85 per cent.

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