Bringing you live news and features since 2006 

Horizons ETFs to close two ETFs


Horizons ETFs Management is to terminate the Horizons Global Currency Opportunities ETF and the Horizons Active Intl Developed Markets Equity ETF, effective at the close of business on Thursday 14 February 2019.

The funds are: the Horizons Global Currency Opportunities ETF (HGC); and the Horizons Active Intl Developed Markets Equity ETF (HADM).
Effective immediately, no further direct subscriptions for units of the respective ETFs will be accepted. Friday 8 February 2019, is expected to be the last date on which a redemption request may be placed with the Manager, and the 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 Monday 11 February, 2019 (the Delisting Date), with all units still held by investors being subject to a mandatory redemption as of the Termination Date.
Unitholders of the respective ETFs will be able sell their units in the normal course through the facilities of the stock exchange, up until the Delisting Date. Any remaining unitholders of the respective 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 ETF, on a pro-rata basis.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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