Horizons expands its ETF lineup

Toronto-based Horizons Exchange Traded Funds Inc. has added two new exchange-traded funds: Horizons Auspice Managed Futures Index ETF and Horizons BetaPro S&P 500 VIX Short-Term Futures Inverse ETF. Horizons Auspice Managed Futures Index ETF offers exposure to five or more broad sectors in the commodities and financial futures markets, such as energy, metals, agricultural commodities, interest rates and currencies. This ETF follows the Auspice managed futures excess return index, a managed-futures index developed by Calgary-based Auspice Capital Advisors Ltd. Management fees are 1.7% for A-class units. Horizons BetaPro S&P 500 VIX Short-Term Futures Inverse ETF seeks, on a daily basis, 100% inverse exposure to the S&P 500 VIX short-term futures index. Any U.S.-dollar gains or losses as a result of this ETF’s investments will be hedged back to the Canadian dollar to the best of its manager’s ability. The management fee for each fund is 1.15%.

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