AlphaPro announces departure of CEO

TORONTO, Jan. 23, 2015 /CNW/ - AlphaPro Management Inc. ("AlphaPro"), which serves as the manager for certain exchange traded funds in the Horizons ETFs family, announces today that Adam Felesky, Chief Executive Officer, has departed effective January 21, 2015.

Mr. Taeyong Lee, Executive Chairman of AlphaPro has assumed Mr. Felesky's duties and responsibilities until a new Chief Executive Officer is appointed.

AlphaPro is a subsidiary of Horizons ETFs Management (Canada) Inc.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs is an innovative financial services company 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 more than $4.6 billion in assets under management as of December 31, 2014 and 72 ETFs listed on the TSX, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a subsidiary of Mirae Asset Global Investment Co., Ltd. and a member of the Mirae Asset Financial Group.

SOURCE AlphaPro Management Inc.

Howard Atkinson, President, Horizons ETFs Management (Canada) Inc., [phone], [email protected]