Horizons ETF Wins William F. Sharpe Award for Best ETF Innovation

Horizons ETF Wins William F. Sharpe Award for Best ETF Innovation 
TORONTO, Dec. 10, 2012 /CNW/ - The Horizons Morningstar Hedge Fund Index ETF 
("HHF"), a Canadian-listed ETF offered by Horizons Exchange Traded Funds Inc., 
("Horizons ETFs), which gives investors exposure to the Morningstar(®) Broad 
Hedge Fund Index(SM )(the "Index"), has been awarded one of the prestigious 
2012 William F. Sharpe Indexing Achievement Awards. 
Winners of the 2012 William F. Sharpe Indexing Achievement Awards were 
announced during the Global Indexing & ETFs conference in Phoenix, Arizona. 
HHF was given the award for Best ETF Innovation, which recognizes outstanding 
innovation in ETF development. 
"We are very honoured to be recognized for such a high profile award. The 
William F. Sharpe awards are essentially the Oscars of indexing and ETF 
investing." said Howard Atkinson, CEO of Horizons ETFs. "This is a Canadian 
made ETF solution that is being recognized as a groundbreaking innovation, 
which effectively gives investors index exposure to the global hedge fund 
universe - something which was thought of as impossible not too long ago." 
The Horizons Morningstar Hedge Fund Index ETF seeks investment results, before 
fees, expenses, distributions, brokerage commissions and other transaction 
costs, that replicate the performance of the Index, hedged to the Canadian 
dollar. 
The Index is a broad-based hedge fund index developed by Morningstar, Inc., 
which contains more than 500 constituent hedge funds. The Index seeks to 
capture the performance and behaviour of highly liquid hedge funds offering 
exposure to a wide variety of core and category trading strategies, but is 
itself not investable. 
"Morningstar has, in our view, the best of the best hedge fund indices, and 
this index captures the most important aspects of investing in hedge funds, 
such as absolute returns, portfolio diversification and lower volatility," 
said Mr. Atkinson. "HHF uses an innovative hedge fund replication strategy 
initially developed by Innocap Investment Management Inc. and then implemented 
by National Bank of Canada, which allows investors to get similar exposure to 
the returns of the Morningstar(®) Broad Hedge Fund Index(SM)." 
HHF does not invest directly in the constituent hedge funds of the Index. 
Instead, it seeks to replicate, as closely as possible, the performance of the 
Index using an innovative replication strategy licensed from National Bank of 
Canada, which is implemented by Fiera Capital Corporation, the sub-advisor to 
HHF. The replication strategy uses liquid futures contracts on several 
different asset classes, including equity indices, currencies, fixed income 
securities and commodities. 
"As developers of the hedge fund index replication program used by HHF, we are 
proud HHF won such a prestigious award as the W.F. Sharpe Indexing Award," 
said Pierre Laroche, National Bank's Managing Director of Research and 
Development for Derivative Products. "Over the last few years, we worked hard 
to refine our investment approach such that HHF can now be considered as the 
leader of its category because it merges three unique features: (1) it targets 
a sound hedge fund index (the Morningstar(®) Broad Hedge Fund Index(SM)), (2) 
it uses a sophisticated yet robust replication model that is well adapted to 
the context of hedge fund investing and (3) it uses the most diversified set 
of return-generating futures in its category." 
In addition to winning the award, HHF was also a finalist in the ETF Product 
of the Year category. The index replication process used by HHF was nominated 
for Best Indexing Product. "The vast majority of Canadian investors cannot 
invest in privately offered hedge funds, but through the innovative 
replication process developed by Pierre and his team they now have a 
cost-effective way to gain diverse hedge fund-type exposure," Mr. Atkinson 
said. 
HHF is not sponsored, endorsed, sold, or promoted by Morningstar, Inc. or any 
of its affiliates and none of these parties make any representation, warranty 
or condition regarding the advisability of buying, selling or holding units of 
HHF. Morningstar(®) and Morningstar(®) Broad Hedge Fund Index(SM) are 
registered trademarks of Morningstar, Inc. These marks have been licensed for 
certain purposes by AlphaPro Management Inc. ("AlphaPro"). Complete trademark 
and service-mark information is available at: 
www.horizonsetfs.com/pub/en/Trademark.aspx. 
Commissions, trailing commissions, management fees and expenses all may be 
associated with an investment in HHF which is managed by AlphaPro. HHF is not 
guaranteed, its values change frequently and past performance may not be 
repeated. HHF uses leveraged investment techniques that magnify gains and 
losses and which may result in greater volatility in value and could be 
subject to aggressive investment risk and price volatility risk. Please read 
the prospectus before investing. 
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com) 
Horizons ETFs is an innovative financial services company offering the 
Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly 
diversified range of investment tools with solutions for investors of all 
experience levels to meet their investment objectives in a variety of market 
conditions. With approximately $3.5 billion in assets under management and 79 
ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up 
one of the largest families of ETFs in Canada. Horizons ETFs is a subsidiary 
of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset 
Financial Group. 
Howard Atkinson, CEO, Horizons Exchange Traded Funds Inc., (416)  
777-5167hatkinson@horizonsetfs.com 
SOURCE: Horizons Exchange Traded Funds Inc. 
To view this news release in HTML formatting, please use the following URL: 
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CO: Horizons Exchange Traded Funds Inc.
ST: Ontario
NI: FIN ENT  
-0- Dec/10/2012 12:00 GMT
 
 
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