Horizons looks to Europe

Toronto-based Horizons ETFs Management (Canada) Inc. has launched a new ETF focused on Europe-based companies. In what Horizons is hailing as a “Canadian first,” Horizons EURO STOXX 50 Index ETF seeks to replicate the EURO STOXX 50 futures roll index (total return). The index includes stocks of companies in 19 European Union countries that have adopted the euro as their currency. The 50 stocks in the index currently come from 19 sectors in the following 12 eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. For full details, including fees, visit www.horizonetfs.com.

(fcollie@investmentexecutive.com).