TORONTO, Nov. 2, 2021 /CNW/ - Horizons ETFs Management
(Canada) Inc.
("Horizons ETFs") has lowered the management fee of the
Horizons Equal Weight Canada Banks Index ETF ("HEWB" or the
"ETF").
The below change was effective as of the close of business on
November 1, 2021:
|
ETF
|
Ticker
|
Previous
Management
Fee*
|
New
Management
Fee*
|
|
Horizons Equal Weight
Canada Banks Index ETF
|
HEWB
|
0.30%
|
0.25%
|
|
*Plus applicable sales tax
|
The investment objective of the ETF remains unchanged. HEWB
seeks to replicate, to the extent possible, the performance of the
Solactive Equal Weight Canada Banks Index (Total Return) (the
"Index"), net of expenses. The Index is an equally-weighted
basket of the equity securities of the six largest Canadian
banks.
HEWB is part of Horizons ETFs family of Total Return Index
("TRI") ETFs. All of the Horizons TRI ETFs are part of
a single, multi-class corporate structure, which permits the ETFs
to improve operational efficiency, aggregate all future gains and
losses on both the income and capital accounts and substantially
reduce the likelihood of distributions.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of
exchange traded funds in Canada.
The Horizons ETFs product family includes a broadly
diversified range of solutions for investors of all experience
levels
to meet their investment objectives in a variety of market conditions. Horizons ETFs has
more than $20 billion of assets under management and 102 ETFs
listed on major Canadian stock exchanges.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (the
"Horizons Exchange Traded Products") managed by Horizons ETFs
Management (Canada) Inc. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information
about the Horizons Exchange Traded Products. Please read the
relevant prospectus before investing.
SOURCE Horizons ETFs Management (Canada) Inc.