Toronto-based Horizons ETFs Management (Canada) Inc. has launched two ETFs focused on technology and sustainability, respectively. Horizons Industry 4.0 Index ETF invests in industries that are crucial to the development of the fourth industrial revolution (a.k.a. Industry 4.0); this ETF seeks to replicate the performance of the Solactive industry 4.0 index, which follows companies focused on technologies such as advanced robotics, the Internet of things, cloud computing, big data, cybersecurity, augmented reality and 3D printing. Horizons Global Sustainability Leaders Index ETF is the company’s first responsible investing (RI)-themed ETF; this ETF is designed to replicate the performance of the Nasdaq future global sustainability leaders index. In doing so, this ETF will provide investors with exposure to 100 of the world’s largest companies, ranked by market capitalization, with demonstrated commitment to environmentally sustainable practices. This ETF’s index screens companies based on three factors: companies must not engage in activities considered to be inconsistent with RI principles, such as fossil fuel production, the sale of armaments, tobacco sales, gambling and animal cruelty; companies must have a carbon impact that’s at least 60% lower than their industry’s average or be engaged in activities to reduce other industries’ use of carbon; and companies are selected from developed markets and must meet market-cap and liquidity requirements. Both ETFs have a management fee of 0.65%.
(fcollie@investmentexecutive.com).