TORONTO – June 20, 2019 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the listing of BetaPro NASDAQ-100® -2x Daily Bear ETF (the “ETF”) in U.S. dollars, providing Canadian investors with the option of investing in the ETF using Canadian dollars or U.S. dollars.
Class A Units of the ETF begin trading in U.S. dollars (the “US$ Units”) on the Toronto Stock Exchange (“TSX”) tomorrow morning, June 21, 2019, under the symbol HQD.U. Class A Units of the ETF will continue to trade in Canadian dollars (the “Cdn$ Units”) under the symbol HQD.
The ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index® . Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability. The ETF does not seek to achieve its investment objective over a period of time greater than one day.
HQD and HQD.U are two trading symbols for the same exchange traded fund, and they share the same CUSIP number. There is no difference in the underlying exposure of Cdn$ Units and US$ Units. The only difference is the currency they trade in.
About Horizons ETFs Management (Canada) Inc.
Horizons ETFs 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 90 ETFs listed on major Canadian stock exchanges. Horizons ETFs 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
Corporate Communications Manager
Horizons ETFs Management (Canada) Inc.