Horizons ETFs Reduces Management Fee for Horizons Canadian Black Swan ETF (HUT) and Horizons US Black Swan ETF (HUS)

TORONTO, Nov. 3, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively, "Horizons ETFs") are pleased to announce a change to the management fee structure of Horizons Canadian Black Swan ETF ("HUT") and Horizons US Black Swan ETF ("HUS" and collectively, the "Black Swan ETFs").

The change, which is retroactive to November 1, 2014, reduces the annual management fees (the "Fee Reduction") of the Class E Units and Advisor Class Units of the ETFs so that the management fees are as follows:

ETF	Class	Ticker	Management Fees
HUT	Class E Units	HUT	0.70% of the net asset value of HUT's Class E Units
	Advisor Class Units	HUT.A	1.45% of the net asset value of HUT's Advisor Class Units
HUS	Class E Units	HUS.U	0.70% of the net asset value of HUS's Class E Units
	Advisor Class Units	HUS.V	1.45% of the net asset value of HUS's Advisor Class Units

Previously, the annual management fees were 0.95% in respect of the Class E Units of each ETF and 1.70% in respect of the Advisor Class Units of each ETF.  The ETFs' management fees are calculated and accrued daily and payable monthly in arrears.

The Black Swan ETFs seek to capture the upside gains of the applicable stock index while using various option strategies to seek to avoid losses in the event of a significant and sudden market decline. 

"History has shown us that bull markets do not last forever, stock market crashes and corrections do happen, as we observed most recently in 2008/2009.  Timing when to get out of the stock market can be very difficult. For this reason many long term stock investors would rather stay invested in stocks with some sort of hedging protection," said Howard Atkinson, President of Horizons ETFs.  "The Black Swan ETFs utilize various put-option strategies that seek to avoid losses if the market declines by more than 10% in a 30 day period. This would allow investors to stay invested in Canadian or U.S. stocks, while also providing some protection from steep market declines."  

This Fee Reduction announcement follows Horizons ETFs' announcement in September of the reduction of the annual management fee for Horizons S&P/TSX 60 Equal Weight Index ETF (HEW) from 0.50% to 0.40%.

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

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies 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. Horizons ETFs has more than $4.7 billion of assets under management and with 72 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information. Please read the prospectus before investing.

SOURCE: Horizons ETFs Management (Canada) Inc.

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