Toronto-basedHorizons ETFs Management (Canada) Inc. said Monday evening that it will be terminating two exchange traded funds (ETFs) effective at the close of business on June 12.

Effective immediately, no further direct subscriptions for units of Horizons BetaPro S&P/TSX Global Base Metals Bull Plus ETF (TSX:HMU) and Horizons BetaPro S&P/TSX Global Base Metals Bear Plus ETF (TSX:HMD) will be accepted.

Monday, June 8 is expected to be the last date on which a redemption request may be placed, and the terminated ETFs are expected to be de-listed from the Toronto Stock Exchange at the close of business on June 9.