Toronto-based Horizons ETFs Management (Canada) Inc. is lowering the management fee of an ETF that provides exposure to high dividend yielding Hong Kong-listed equities.

Horizons China High Dividend Yield Index ETF’s new management fee of 0.7%, down from 0.85%, is currently in effect.

The investment returns from this ETF generally correspond to the performance of Hang Seng high dividend yield index before fees and expenses. This particular index is designed to measure the performance of 50 of the highest dividend yielding equities, including real estate investment trusts, listed on the Hang Seng Stock Exchange.