TORONTO, June 19, 2017 /CNW/ – Horizons ETFs Control (Canada) Inc. has introduced that it has undertaken the quarterly rebalance of the constituent holdings of the Horizons Marijuana Existence Sciences Index ETF (“HMMJ”).
HMMJ is the primary ETF on the earth that gives direct publicity to North American-listed shares which are concerned with marijuana bioengineering and manufacturing.
HMMJ is an index (or passively controlled) ETF, which seeks to copy, to the level conceivable, the efficiency of the North American Scientific Marijuana Index (the “Index”), internet of bills. The Index supplies publicity to the efficiency of a basket of North American publicly indexed lifestyles sciences corporations, and different companies, with important industry actions within the marijuana business. The Index selects from a present universe of businesses that experience operations that can come with a number of of biopharmaceuticals, clinical production, distribution, bioproducts and different ancillary companies associated with the marijuana business.
Rebalancing of the North American Scientific Marijuana Index, and through extension, the Horizons Marijuana Existence Sciences Index ETF, happens sooner than the top of every calendar quarter. At that time, all shares eligible for inclusion within the Index are weighted through their respective marketplace capitalization. Alternatively, no unmarried inventory can exceed 10% of the burden of the portfolio on the rebalance date.
Along with the lately introduced Index rebalance through the Index calculation agent (Solactive AG), HMMJ has additionally rebalanced the holdings of the ETF portfolio. The most recent holdings of the ETF and their present portfolio weights may also be accessed at www.HorizonsETFs.com/HMMJ.
It is very important word that HMMJ would possibly not cling the entire constituent names within the Index. HMMJ’s supervisor, thru using a stratified sampling technique and in step with its funding targets, would possibly make investments HMMJ within the securities of issuers that it believes proceed to carefully fit the funding traits of the Index, and are in step with the funding function and process of the ETF. For additional info in regards to the funding process of HMMJ, traders are inspired to learn the amended and restated prospectus dated June eight, 2017. The amended and restated prospectus is to be had at www.sedar.com and at the supervisor’s web page at www.HorizonsETFs.com/HMMJ.
About Horizons ETFs Control (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Control (Canada) Inc. and its associate AlphaPro Control Inc. are leading edge monetary services and products corporations providing the Horizons ETFs circle of relatives of alternate traded finances. The Horizons ETFs circle of relatives features a extensively assorted vary of funding equipment with answers for traders of all revel in ranges to fulfill their funding targets in quite a few marketplace prerequisites. Horizons ETFs has greater than $7.eight billion of belongings underneath control and with 77 ETFs indexed at the Toronto Inventory Trade, the Horizons ETFs circle of relatives makes up one of the most greatest households of ETFs in Canada. Horizons ETFs Control (Canada) Inc. and AlphaPro Control Inc. are individuals of the Mirae Asset International Investments Crew.
About Solactive (www.solactive.com)
Solactive AG is an leading edge index supplier that makes a speciality of the advance, calculation and distribution of tailored indices over all asset categories. The Corporate used to be established in 2007 and is headquartered in Frankfurt, Germany. As of January 2017, Solactive AG served fairly 350 purchasers in Europe, The us and Asia, with roughly USD $100 billion invested in merchandise related to indices calculated through the Corporate globally, essentially by the use of 250 alternate traded finances from a lot of well known suppliers.
Horizons ETFs is a member of Mirae Asset International Investments. Commissions, control charges, bills and appropriate gross sales taxes all could also be related to an funding within the Horizons Marijuana Existence Sciences Index ETF controlled through Horizons ETFs Control (Canada) Inc. (the “ETF”). The ETF isn’t assured, its worth adjustments ceaselessly and previous efficiency might not be repeated. The Prospectus comprises vital detailed details about the ETF. Please learn the Prospectus sooner than making an investment.
HMMJ isn’t backed, promoted, bought or supported in some other means through Solactive AG nor does Solactive AG be offering any categorical or implicit ensure or assurance both in regards to the result of the use of the Index and/or Index industry title or the Index Value at any time or in some other appreciate. The Index is calculated and printed through Solactive AG. Solactive AG makes use of its absolute best efforts to be sure that the Index is calculated as it should be. Without reference to its responsibilities in opposition to the Issuer, Solactive AG has no legal responsibility to indicate mistakes within the Index to 3rd events together with however now not restricted to traders and/or monetary intermediaries of the monetary software. Neither e-newsletter of the Index through Solactive AG nor the licensing of the Index or Index industry title for the aim of use in reference to the monetary software constitutes a advice through Solactive AG to speculate capital in HMMJ nor does it in any respect constitute an assurance or opinion of Solactive AG in regards to any funding in HMMJ.
SOURCE Horizons ETFs Control (Canada) Inc.
For additional knowledge: For investor inquiries: 1-866-641-5739 (toll-free) or (416) 933-5745, email@example.com; For press or different inquiries: Mark Noble, Senior Vice-President and Head of Gross sales Technique, Horizons ETFs Control (Canada) Inc., (416) 640-8254, firstname.lastname@example.org