Horizons adds two ETFs on Japan

Toronto-based Horizons ETFs Management (Canada) Inc. has added two new ETFs to its fund lineup: Horizons BetaPro MSCI Japan Bull Plus ETF and the Horizons BetaPro MSCI Japan Bear Plus ETF. These ETFs will provide investors with the opportunity to gain exposure to 200% of the daily long and 200% of the daily inverse performance of the MSCI Japan index (before fees and expenses). The MSCI Japan index is a free-float, adjusted market-capitalization weighted index that aims to track the equities market performance of Japanese securities listed on the Tokyo Stock Exchange, the Osaka Stock Exchange, the JASDAQ and the Nagoya Stock Exchange. The index represents approximately 85% of the free-float market capitalization of Japanese equities. “The MSCI Japan index has risen more than 20% over the past year,” said Howard Atkinson, president of Horizons ETFs, in a news release. “Japanese stocks have been attracting more attention from global investors.”

(cohara@investmentexecutive.com).