New York-based Horizons ETFs Management (USA) LLC, an affiliate of Toronto-based Horizons ETFs Management (Canada) Inc., has partnered with Miami-based InterBolsa USA Holdings Inc. in a joint venture called Horizons ETFs Management (LATAM) LLC. The joint venture will sponsor and manage exchange-traded funds in Latin America, with an initial focus on Colombia. InterBolsa USA will have a 20% interest in Horizons LATAM; Horizons USA will have an 80% stake.

(fcollie@investmentexecutive.com)

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