Horizons changes ETFs’ names, reduces fees

Toronto-based Horizons ETFs Management (Canada) Inc. and its affiliate, AlphaPro Management Inc., have changed the names of the Black Swan ETFs series, which seek to capture the upside gains of the applicable stock index while using various options strategies in an effort to avoid losses in the event of a significant and sudden market decline. Horizons Canadian Black Swan ETF has been renamed Horizons Canadian Equity Managed Risk ETF; Horizons U.S. Black Swan ETF has been renamed Horizons U.S. Equity Managed Risk ETF. Annual management fees for A-class units for both ETFs have been reduced to 1.45% from 1.7%.

(cohara@investmentexecutive.com).