Horizons Active Floating Rate Bond ETF Wins Best Fixed Income ETF at 2013
Morningstar Canadian Investment Awards
TORONTO, Nov. 28, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc.
("Horizons ETFs") is proud to announce that the Horizons Active Floating Rate
Bond ETF ("HFR") won the Best Fixed Income ETF Award at the 19(th) Annual
Morningstar Canadian Investment Awards last night. HFR is an actively managed
ETF sub-advised by Fiera Capital Corporation ("Fiera"), one of the largest
fixed income managers in Canada.
"It's very gratifying to see the ETF industry receiving increased recognition
at such a prestigious event," said Howard Atkinson, President of Horizons ETFs
and Chair of the Canadian ETF Association. "Being nominated for, and winning a
Morningstar Award is one of the highest honours in the investment industry."
"Fiera is very proud to be associated with Horizons ETFs, a strong and
credible partner. Fiera's renowned investment management expertise and the
exceptional distribution network behind Horizons ETFs together represent a
truly winning combination," said François Bourdon, Associate Chief Investment
Officer and Vice President, Asset Allocation and Fixed Income, at Fiera.
Horizons ETFs had four nominations in two different categories. In the fixed
income category, in addition to winning for HFR, Horizons ETFs was also
nominated for the Horizons Active High Yield Bond ETF. The winner of the Best
Fixed Income ETF Award was selected by a panel of jurors from the ETF analyst
HFR is designed to generate income that is consistent with prevailing
short-term corporate bond yields while stabilizing the market value of the ETF
from the effects of interest rate fluctuations. The ETF invests in a portfolio
of Canadian debt securities and hedges the portfolio's interest rate risk to
generally maintain a portfolio duration of less than two years.
"We believe that this award validates the importance of active management in
fixed income," said Mr. Atkinson. "HFR gives investors, regardless of
portfolio size, access to top-tier professional management at a low fee.
Active ETFs have the potential to outperform their benchmarks on a
risk-adjusted basis, which is clearly demonstrated by HFR's track record."
Horizons ETFs was also nominated in the Best Specialty ETF category for the
Horizons Seasonal Rotation ETF ("HAC") and the Horizons Morningstar Hedge Fund
Index ETF ("HHF").
"Our corporate tagline is 'ETF Solutions for Every Investor,' which expresses
our mission to democratize the Canadian investment landscape," said Mr.
Atkinson. "HAC and HHF are perfect examples of ETFs that provide investors
with low-cost, flexible exposure to diversification and total return
strategies which have traditionally only been available to institutional or
Commissions, trailing commissions, management fees and expenses all may be
associated with an investment in exchange traded products managed by AlphaPro
Management Inc. and Horizons ETFs Management (Canada) Inc. (the "Horizons
Exchange Traded Products"). Certain Horizons Exchange Traded Products may have
exposure to 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. The Horizons Exchange
Traded Products are not guaranteed, their values change frequently and past
performance may not be repeated. Please read the relevant prospectus before
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs 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 $4.2 billion in assets under management and 73 ETFs listed on
the Toronto Stock Exchange (as at Oct. 31, 2013), the Horizons ETFs family
makes up one of the largest families of ETFs in Canada. Horizons ETFs and
AlphaPro Management Inc. are members of the Mirae Asset Global Investments
About Fiera Capital Corporation (www.FieraCapital.com)
Fiera Capital is a leading publicly traded, independent investment management
firm. The Firm is one of only a handful of full service, multi-product
investment firms in Canada, offering clients a proven top tier track record in
equity and fixed income management as well as depth and expertise in asset
allocation and alternative investments.
SOURCE Horizons ETFs Management (Canada) Inc.
Howard Atkinson, President Horizons ETFs Management (Canada) Inc. (416)
Mélanie Tardif, CPA, CMA Director, Corporate Communications and Investor
Relations Fiera Capital Corporation (514) 954-6456 email@example.com
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-0- Nov/28/2013 17:15 GMT
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