Horizons ETFs Launches Canada's First Floating Rate Preferred Share ETF

Horizons ETFs Launches Canada's First Floating Rate Preferred Share ETF 
TORONTO, Oct. 2, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. 
("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to 
announce the launch of the Horizons Active Floating Rate Preferred Share ETF 
("HFP"), which will for the first time give Canadian investors the opportunity 
to gain floating rate exposure from North American preferred shares through an 
exchange traded fund. 
Class E units and Advisor Class units of the HFP will begin trading today on 
the Toronto Stock Exchange ("TSX") under the ticker symbols below. 
 _______________________________________________________________
|                             |            TSX Ticker Symbol    |
|Name of ETF                  |_________________________________|
|                             |Class E Units|Advisor Class Units|
|_____________________________|_____________|___________________|
|Horizons Active Floating Rate|       HFP   |          HFP.A    |
|Preferred Share ETF          |             |                   |
|_____________________________|_____________|___________________| 
HFP will seek to generate income consistent with prevailing short-term 
preferred share yields while stabilizing its market value from the effects of 
interest rate fluctuations. HFP will invest primarily in the preferred shares 
of Canadian companies. It may also invest, to a lesser extent, in the 
preferred shares of companies located in the United States, as well as the 
fixed-income securities of Canadian and U.S. issuers, including other 
income-generating securities and exchange traded funds. 
HFP will generally maintain a portfolio duration of less than two years. 
Duration is an important metric generally used to gauge the interest rate 
sensitivity of a fixed-income security that has a maturity, call or reset 
date. Typically, the longer the duration of such a security, the more 
sensitive its market price will be to interest rate fluctuations. 
"Preferred shares have become popular with Canadian investors looking for a 
higher level of tax-efficient income in today's low-rate environment," said 
Howard Atkinson, President of Horizons ETFs. "However, preferred shares have 
demonstrated that their prices can be just as sensitive to interest rate 
fluctuations as bond prices, as we saw in June of this year, when a slight 
rise in rates caused a sharp decline in the market prices of many preferred 
shares. We feel it's important to bring to the market an ETF that can offer a 
floating rate of income and a much lower risk profile than other options 
available to Canadian preferred share investors." 
HFP will be sub-advised by Fiera Capital Corporation ("Fiera"), one of the 
largest preferred share managers in Canada. It will be overseen by the same 
portfolio management team that sub-advises the Horizons Active Floating Rate 
Bond ETF (HFR:TSX) and the Horizons Active Preferred Share ETF (HPR:TSX). 
"HFR, our floating rate bond ETF, has attracted more than $200 million in 
assets over the last 12 months, which we attribute to growing concerns over 
interest rates, as well as to Fiera's excellent performance track record," 
said Mr. Atkinson. "HFP will offer a similar floating rate approach to 
preferred shares combined with the exceptional preferred share management 
capabilities of Fiera." 
HFP has closed the offering of its initial Class E units and Advisor Class 
units and will begin trading on the TSX when the market opens this morning. 
Commissions, trailing commissions, management fees and expenses all may be 
associated with an investment in exchange traded funds. Exchange traded funds 
are not guaranteed, their values change frequently and past performance may 
not be repeated. The prospectus contains important detailed information. 
Please read the prospectus before investing. 
Certain statements contained in this news release constitute forward-looking 
information within the meaning of Canadian securities laws. Forward-looking 
information may relate to a future outlook and anticipated distributions, 
events or results and may include statements regarding future financial 
performance. In some cases, forward-looking information can be identified by 
terms such as "may," "will," "should," "expect," "anticipate," "believe," 
"intend" or other similar expressions concerning matters that are not 
historical facts. Actual results may vary from such forward-looking 
information. Horizons ETFs undertakes no obligation to update publicly or 
otherwise revise any forward-looking statement whether as a result of new 
information, future events or other such factors which affect this 
information, except as required by law. 
About Fiera Capital Corporation (www.FieraCapital.ca)
With close to $66 billion in assets under management, Fiera is a prominent 
Canadian investment management firm. It is one of only a handful of 
independent investment firms providing extensive expertise in Canadian active 
and structured fixed income, Canadian and foreign equity, asset allocation and 
non-traditional investment solutions through a broad range of strategies and 
services. Fiera believes that integrated solutions diversified by asset class 
and investment style, and supported by a disciplined risk management 
framework, are key to achieving superior returns. 
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management 
Inc. are innovative financial services companies offering the Horizons ETFs 
family of exchange traded funds. 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 $4.1 billion in assets under management and 73 
ETFs listed on the TSX, the Horizons ETFs family makes up one of the largest 
families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and 
AlphaPro Management Inc. are members of the Mirae Asset Global Investments 
Group. 

SOURCE  Horizons ETFs Management (Canada) Inc. 
Howard Atkinson, President, Horizons ETFs Management (Canada) Inc. (416) 
777-5167 orhatkinson@horizonsetfs.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/02/c6456.html 
CO: Horizons ETFs Management (Canada) Inc.
ST: Ontario
NI: FIN FND FLOWS  
-0- Oct/02/2013 12:00 GMT
 
 
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