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Horizons ETFs completes reorganization of TRI ETFs

By The IJ Staff | December 02 2019 01:43PM

Horizons ETFs Management (Canada) announced Dec. 2 that it has completed the reorganization of 15 exchange-traded funds into Horizons ETF Corp., a multi-class corporate fund structure managed by Horizons ETFs.

The reorganized ETFs are the Horizons ETFs' Total Return Index suite of ETFs (TRI ETFs) – an ETF structure that offers investors tax-efficient exposure to 13 different indices and asset classes.

"With the completion of this second phase of our corporate class reorganization, we expect our Total Return Index ETFs to provide meaningfully better after-tax returns than traditional, physically-replicated ETF strategies, for taxable Canadian investors," said Steve Hawkins, President and CEO of Horizons ETFs. "The corporate class reorganization was specifically designed and proposed to unitholders for the purpose of maintaining the structural advantages that the ETFs have enjoyed since inception as trusts, which include low tracking error, tax-efficiency for taxable accounts, and competitive fees."

The following reorganized ETFs are now trading on the TSX as separate corporate classes of ETF shares of Horizons ETF Corp.:

 

ETF Name

Ticker

Horizons S&P/TSX 60™ Index ETF

HXT

Horizons S&P 500® Index ETF

HXS

Horizons S&P 500 CAD Hedged Index ETF

HSH

Horizons S&P/TSX Capped Energy Index ETF

HXE

Horizons S&P/TSX Capped Financials Index ETF

HXF

Horizons Cdn Select Universe Bond ETF

HBB

Horizons NASDAQ-100® Index ETF

HXQ

Horizons EURO STOXX 50® Index ETF

HXX

Horizons Cdn High Dividend Index ETF

HXH

Horizons US 7-10 Year Treasury Bond ETF

HTB

Horizons US 7-10 Year Treasury Bond CAD Hedged ETF

HTH

Horizons Laddered Canadian Preferred Share Index ETF

HLPR

Horizons Intl Developed Markets Equity Index ETF

HXDM

Horizons Equal Weight Canada REIT Index ETF

HCRE

Horizons Equal Weight Canada Banks Index ETF

HEWB

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