Horizons ETFs introduces three new total return fundsBy The IJ Staff | February 07 2020 02:54PM
Horizons ETFs Management announced Feb. 6 the launch of three new total return ETFs: the Horizons US Large Cap Index ETF (HULC), the Horizons S&P/TSX Capped Composite Index ETF (HXCN) and the Horizons Cash Maximizer ETF (HSAV). The ETFs have begun trading today on the Toronto Stock Exchange.
HULC, HXCN and HSAV join the Horizons ETFs suite of Total Return ETFs, which now offers exposure to 18 different benchmarks or asset classes.
"These new ETF launches within our corporate class structure expand our total return investment offerings to these three popular new strategies: traditional U.S. large-cap equities, the S&P/TSX Capped Composite, and high interest savings accounts," said Steve Hawkins, President and CEO of Horizons ETFs. "In each case, we are offering ETFs that have competitive fees relative to comparable passively-managed ETFs in the Canadian ETF market, with the added benefit of our unique total return structure."