New ETFs from Horizons

Toronto-based Horizons ETFs Management (Canada) Inc. recently launched two more ETFs. Horizons Inovestor Canadian Equity Index ETF follows the Nasdaq Inovestor Canada index. That index is composed of 25 equal-weighted, large-cap companies listed in Canada. These companies’ high-quality stocks trade at a reasonable price and rank among the best of their peers – according to StockPointer, which is stock-selection software co-developed by Montreal-based Inovestor Inc. and New York-based Nasdaq Inc. Horizons also recently launched an artificial intelligence (AI)-driven ETF. Horizons Active AI Global Equity ETF uses AI for all security-selection decisions. More specifically, this ETF offers exposure to global equities indices, primarily through ETFs trading in North America. This ETF is subadvised by Seoul-based Mirae Asset Global Investments Co. Ltd., which uses an investment strategy run entirely by a proprietary AI system that analyzes data and extracts patterns. For full ETF details, including management fees, visit www.horizonsetfs.com.

(fcollie@investmentexecutive.com).