The name of Horizons Active Yield Matched Duration ETF will be changed to Horizons Active Global Fixed Income ETF effective Monday, Feb. 2, Horizons ETFs Management (Canada) Inc. said Thursday.
Class E units and Advisor Class units of the fund will continue to trade on the Toronto Stock Exchange under the symbols HAF and HAF.A, respectively.
The investment objectives of the fund will remain unchanged, Horizons says.
The fund seeks to provide unitholders with: a stable stream of monthly distributions; and the opportunity for capital appreciation through a tactical asset allocation strategy that includes managing the duration and yield of its exposure to fixed income and fixed income-like securities according to the prevailing interest rate environment.