AlphaPro Management Inc. and Horizons Exchange-Traded Funds Inc. have appointed Guardian Capital LP (all firms are based in Toronto) to assume the subadvisory role for Horizons Dividend ETF. Srikanth Iyer, managing director and head of systematic strategies at Guardian Capital – together with Sam Baldwin and Fiona Wilson, portfolio managers at Guardian – will manage the fund. This portfolio-management team also is responsible for managing Horizons Global Dividend ETF. In addition, Horizons Exchange-Traded Funds and its affiliate, Horizons ETFs Management (Canada) Inc., have terminated five ETFs – Horizons BetaPro NYMEX Natural Gas Inverse ETF, Horizons BetaPro NYMEX Crude Oil Inverse ETF, Horizons BetaPro NYMEX Long Natural Gas/Short Crude Oil Spread ETF, Horizons BetaPro NYMEX Long Crude Oil/Short Natural Gas Spread ETF and Horizons GMP Junior Oil and Gas IndexT ETF. The Horizons ETF family now consists of 80 ETFs.
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