Horizons ETFs announces unit consolidation for HXT

TORONTO, Aug. 20, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the manager and trustee of the Horizons S&P/TSX 60^TM Index ETF (the "ETF" or "HXT"), listed on the Toronto Stock Exchange ("TSX") under the symbols HXT and HXT.U, has announced today that it intends to consolidate the units of the ETF as indicated in the table below.

Unit Consolidation
After the close of trading on Friday, September 6, 2013 on the TSX, the units of HXT will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a post consolidated basis on Monday, September 9, 2013, the effective date of the consolidation:

ETF	Tickers	Consolidation Ratio
Horizons S&P/TSX 60^TM Index ETF	HXT / HXT.U	1 : 2

"This unit consolidation will further enhance the appeal of HXT for institutional and high net worth investors," said Howard Atkinson, President of Horizons ETFs. "HXT is already the lowest cost ETF in Canada and this consolidation makes it more cost efficient to trade, as well."

For further information visit www.HorizonsETFs.com

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in the ETF. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and has been licensed for use by S&P Dow Jones Indices LLC.  TSX® is a trademark of TSX Inc. and has been licensed for use by S&P Dow Jones Indices LLC. These marks have been licensed for use by Horizons ETFs Management (Canada) Inc. The ETF is not sponsored, endorsed, sold, or promoted by S&P, TSX Inc. or any of their affiliated companies and none of these parties make any representation, warranty or condition regarding the advisability of buying, selling and holding units/shares in the ETFs. Please read the prospectus before investing.

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 approximately $4.1 billion in assets under management and 71 ETFs listed on the TSX, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a member of the Mirae Asset Financial Group.

SOURCE: Horizons ETFs Management (Canada) Inc.

Martin Fabregas, Investor Relations, [phone] or 1-866-641-5739.