Horizons launches currency-hedged ETFs

Toronto-based Horizons ETFs Management (Canada) Inc. has launched two currency-hedged exchange-traded funds (ETFs). Horizons S&P 500 CAD Hedged Index ETF is designed to replicate, as much as possible, the S&P CAD-hedged index (total return), net of expenses. That index measures the performance of the large-cap segment of the U.S. equities market hedged to the Canadian dollar (C$). Horizons U.S. 7- to 10-year Treasury Bond CAD Hedged ETF replicates, as much as possible, the Solactive U.S. 7- to 10-year treasury bond CAD-hedged index (total return), net of expenses. That index follows the U.S. 7- to 10-year treasury bond market hedged to the C$. For details, visit www.horizonsetfs.com.

(fcollie@investmentexecutive.com).