Hori­zons takes a global look

Investment Executive - - FOCUS ON PRODUCTS -

A new ETF from Toronto-based Hori­zons ETFs Man­age­ment (Canada) Inc. is de­signed for in­vestors seek­ing ex­po­sure to de­vel­oped mar­kets out­side North Amer­ica. Hori­zons Intl De­vel­oped Mar­kets Equity In­dex ETF aims to repli­cate the Hori­zons EAFE fu­tures roll in­dex (to­tal re­turn). That in­dex is de­signed to re­flect the re­turns gen­er­ated over time by no­tional in­vest­ments that rep­re­sent a long po­si­tion in a se­ries of fu­ture con­tracts on the MSCI EAFE in­dex. The MSCI EAFE In­dex mea­sures the per­for­mance of large- and mid-cap se­cu­ri­ties in 21 de­vel­oped mar­kets out­side North Amer­ica, in­clud­ing Aus­tralia, con­ti­nen­tal Europe, Ja­pan and the U.K.

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