Horizons joins the blockchain

Investment Executive - - FOCUS ON PRODUCTS -

Toronto-based Horizons ETFs Man­age­ment (Canada) Inc. has launched Horizons Blockchain Tech­nol­ogy & Hard­ware In­dex ETF. The ETF is meant to repli­cate the So­lac­tive blockchain tech­nol­ogy and hard­ware in­dex. The three-tiered con­struc­tion of this in­dex gives in­vestors ex­po­sure to the greater blockchain tech­nol­ogy ecosys­tem, ac­cord­ing to Horizons. The new ETF pro­vides ex­po­sure to com­pa­nies that are di­rectly in­volved in de­vel­op­ing blockchain-re­lated ap­pli­ca­tions; com­pa­nies fo­cused on the hard­ware re­quired for blockchain tech­nol­ogy min­ing; mem­ory and stor­age medium pro­duc­ers; and com­pa­nies in­volved in rel­e­vant hard­ware and ser­vices, such as mem­ory and stor­age pro­duc­ers and data-cen­tre real es­tate in­vest­ment trusts. Man­age­ment fees for the ETF are 0.65%.

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