Three new Horizons AlphaPro actively managed exchange traded funds are now listed on the Toronto Stock Exchange, AlphaPro Management Inc. said Wednesday.

The new ETFs and their ticker symbols are:

• Horizons AlphaPro Dividend ETF (TSX:HAL)
• Horizons AlphaPro North American Value ETF (TSX:HAV)
• Horizons AlphaPro North American Growth (TSX:HAW)

Horizons AlphaPro Dividend ETF will seek long-term total returns consisting of regular dividend income and modest long-term capital growth. This ETF invests primarily in equity securities of major North American companies with above-average dividend yields. Sub-advised by Leon Frazer & Associates Inc, Lyle Stein, the CEO of Leon Frazer, will oversee the portfolio selection process for the ETF.

Horizons AlphaPro North American Value ETF will seek long-term capital appreciation and income by investing in equity and equity-related securities of issuers located in North America. Vito Maida of Patient Capital Management Inc., the sub-advisor, will rely primarily on his distinct value investment style to identify companies for this ETF portfolio.

Horizons AlphaPro North American Growth ETF will seek long-term capital growth by investing primarily in equity and equity-related securities of issuers located in North America. Stephen Rogers, vice president and portfolio manager with JovInvestment Management Inc., the ETF’s investment manager, will apply his flexible growth selection investment style to identify portfolio investments.

“Lyle, Vito and Steve all have brilliant track records as stock selectors,” says Ken McCord, president of AlphaPro.

“We’re taking their unique investment styles and wrapping them up in an ETF structure that allows investors to get exposure to active management with low management fees. Investors also receive the other benefits of using ETFs, which include the enhanced liquidity of trading on the Toronto Stock Exchange and greater portfolio transparency.”

AlphaPro is the manager and trustee of the three ETFs and its affiliate, JovInvestment, is the investment manager of each ETF. JovInvestment provides portfolio management services for each ETF and engages the sub-advisors, if any.
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