Horizons takes a global look
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.