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 this planet that provides direct publicity to North American-listed shares which can be concerned with marijuana bioengineering and manufacturing.
HMMJ is an index (or passively controlled) ETF, which seeks to duplicate, to the level conceivable, the efficiency of the North American Clinical Marijuana Index (the “Index”), internet of bills. The Index supplies publicity to the efficiency of a basket of North American publicly indexed existence sciences firms, and different corporations, with vital industry actions within the marijuana trade. 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 trade.
Rebalancing of the North American Clinical Marijuana Index, and by way of 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 by way of their respective marketplace capitalization. On the other hand, no unmarried inventory can exceed 10% of the load of the portfolio on the rebalance date.
Along side the lately introduced Index rebalance by way of the Index calculation agent (Solactive AG), HMMJ has additionally rebalanced the holdings of the ETF portfolio. The newest holdings of the ETF and their present portfolio weights will also be accessed at www.HorizonsETFs.com/HMMJ.
It is very important notice that HMMJ won’t grasp the entire constituent names within the Index. HMMJ’s supervisor, thru the usage of a stratified sampling technique and in line with its funding targets, would possibly make investments HMMJ within the securities of issuers that it believes proceed to intently fit the funding traits of the Index, and are in line with the funding function and technique of the ETF. For more information in regards to the funding technique 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 site at www.HorizonsETFs.com/HMMJ.
About Horizons ETFs Control (Canada) Inc.
Horizons ETFs Control (Canada) Inc. and its associate AlphaPro Control Inc. are leading edge monetary services and products firms providing the Horizons ETFs circle of relatives of trade traded budget. The Horizons ETFs circle of relatives features a widely diverse vary of funding gear with answers for traders of all enjoy ranges to satisfy their funding targets in various marketplace prerequisites. Horizons ETFs has greater than $7.eight billion of belongings below control and with 77 ETFs indexed at the Toronto Inventory Trade, the Horizons ETFs circle of relatives makes up some of the biggest households of ETFs in Canada. Horizons ETFs Control (Canada) Inc. and AlphaPro Control Inc. are participants of the Mirae Asset World Investments Staff.
About Solactive (
Solactive AG is an leading edge index supplier that specializes in the advance, calculation and distribution of tailored indices over all asset categories. The Corporate was once established in 2007 and is headquartered in Frankfurt, Germany. As of January 2017, Solactive AG served reasonably 350 purchasers in Europe, The united states and Asia, with roughly USD $100 billion invested in merchandise connected to indices calculated by way of the Corporate globally, essentially by the use of 250 trade traded budget from quite a lot of well known suppliers.
Horizons ETFs is a member of Mirae Asset World 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 by way of Horizons ETFs Control (Canada) Inc. (the “ETF”). The ETF isn’t assured, its price adjustments steadily and previous efficiency might not be repeated. The Prospectus accommodates necessary detailed details about the ETF. Please learn the Prospectus sooner than making an investment.
HMMJ isn’t backed, promoted, offered or supported in every other means by way of Solactive AG nor does Solactive AG be offering any categorical or implicit ensure or assurance both with reference to the result of the use of the Index and/or Index industry title or the Index Worth at any time or in every other appreciate. The Index is calculated and revealed by way of Solactive AG. Solactive AG makes use of its absolute best efforts to make sure that the Index is calculated as it should be. Regardless of its tasks in opposition to the Issuer, Solactive AG has no legal responsibility to show mistakes within the Index to 3rd events together with however no longer restricted to traders and/or monetary intermediaries of the monetary tool. Neither e-newsletter of the Index by way of Solactive AG nor the licensing of the Index or Index industry title for the aim of use in reference to the monetary tool constitutes a advice by way of Solactive AG to take a position capital in HMMJ nor does it whatsoever constitute an assurance or opinion of Solactive AG with reference to any funding in HMMJ.
SOURCE Horizons ETFs Control (Canada) Inc.
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