Generic filters
Search in excerpt

An ETF for every investor.


Horizons Equal Weight Banks Index ETF



Sector Equity

Fact Sheet
Learn more about HBNK


Horizons Short-Term U.S. Treasury Premium Yield ETF



Fixed Income

Fact Sheet
Learn more about SPAY


Horizons High Interest Savings ETF



Fixed Income

Fact Sheet
Learn more about CASH
Explore All Products
Generic filters
Search in excerpt
Back to Media

Horizons ETFs Lowers Management Fee, Changes Investment Objective/Ticker of its Robotics and A.I. ETF

TORONTO – July 3, 2018 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce that its robotics and artificial intelligence (“A.I.”) ETF – the Horizons Robotics and Automation Index ETF (the “ETF”) – will have a new investment objective and ticker symbol, as well as a lower management fee.

Starting tomorrow, the ETF’s investment objective will be to seek to replicate, to the extent possible, the performance of the Indxx Global Robotics & Artificial Intelligence Thematic Index (the “Index”), net of expenses. The ETF continues to trade on the Toronto Stock Exchange (“TSX”), but starting tomorrow, under new ticker symbols – RBOT (in Canadian dollars) and RBOT.U (in U.S. dollars). In addition, the ETF’s management fee will be 0.68% (plus applicable taxes), reduced from 0.75%.

Previously, the ETF’s investment objective was to seek to replicate, to the extent possible, the performance of the ROBO Global® Robotics and Automation Index, net of expenses. The ETF previously traded on the TSX under the ticker symbols ROBO and ROBO.U.

The change in investment objective was approved by unitholders last month, and communicated via a press release dated June 14, 2018.

RBOT is Canada’s first robotics and A.I. ETF. Its underlying Index is designed to provide exposure to the performance of equity securities of companies that are involved in the development of robotics and/or artificial intelligence. The ETF seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times.

For further details about the ETF, visit

About Horizons ETFs Management (Canada) Inc.
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $10 billion of assets under management and 80 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

For investor inquiries:
Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745

For media inquiries:
Contact Jonathan McGuire
External Communications Manager
Horizons ETFs Management (Canada) Inc.
(416) 640-2956

Download PDF

Get Horizons insights in your inbox

"*" indicates required fields

Please select whether you are an…*
* Indicates required field

Related Posts

At Horizons ETFs, we believe in education as empowerment. We endeavor to equip Canadian investors with the knowledge and tools they need to navigate the investing world. From the ETF basics to more complex topics like how our suite of inverse and leveraged funds work, our comprehensive learning library aims to be accessible for all investors, from beginners to experienced traders!