Horizons Carbon Credits ETF offers index-based
exposure to European Union Carbon Credit Allowance Futures
TORONTO,
Feb. 10, 2022 /CNW/
- Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is
pleased to announce the launch of the Horizons Carbon Credits ETF
("CARB" or the "ETF"). Shares of the ETF will begin
trading today on the Toronto Stock Exchange ("TSX") under
the ticker CARB: TSX.
CARB is Canada's first exchange
traded fund to provide exposure solely to carbon credits through
the ownership of carbon credit futures. CARB's investment objective
is to seek to replicate, to the extent possible and net of
expenses, the performance of an index that seeks to provide
exposure to investments in cap-and-trade carbon allowances.
Currently, the ETF seeks to replicate the performance of the
Horizons Carbon Credits Rolling Futures Index (Excess Return), net
of expenses. The ETF seeks to hedge any non-Canadian dollar
portfolio exposure back to the Canadian dollar at all times.
Further details about the ETF launch were shared earlier this
week in a separate press release:
https://www.horizonsetfs.com/news/Press-Release/Horizons-ETFs-To-Launch-Canada-s-First-Carbon-Cred
"With the launch of CARB, another Canada's first for ETF benchmarking, we
continue to demonstrate why Horizons ETFs is an industry leader in
bringing new, exciting and innovative asset classes to market for
all Canadians," said Steve
Hawkins, President and CEO of Horizons ETFs. "CARB's
transparent strategy offers the ability to participate in the
carbon credit market and provides a simple way for Canadian
investors to access what was globally one of 2021's best performing
asset classes."
For further information about CARB, please visit:
www.HorizonsETFs.com/CARB
About Horizons ETFs Management (Canada) Inc.
(www.HorizonsETFs.com)
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 $21 billion of
assets under management and 105 ETFs listed on major Canadian stock
exchanges.
Commissions, management fees and applicable sales taxes all
may be associated with an investment in the Horizons Carbon Credits
ETF managed by Horizons ETFs Management (Canada) Inc. (the "ETF"). The ETF is not
guaranteed, its value changes frequently and past performance may
not be repeated. The prospectus contains important detailed
information about the ETF. Please read the prospectus before
investing.
The ETF is an alternative mutual fund within the meaning of
National Instrument 81-102 Investment Funds ("NI 81-102"), and is
permitted to use strategies generally prohibited by conventional
mutual funds, such as the ability to invest more than 10% of their
net asset value in securities of a single issuer or the ability to
borrow cash. While these strategies will only be used in accordance
with the ETF's investment objectives and strategies, during certain
market conditions they may accelerate the risk that an investment
in the ETF Shares decreases in value. The ETF will comply with all
requirements of NI 81-102, as such requirements may be modified by
exemptive relief obtained on behalf of the ETF.
SOURCE Horizons ETFs Management (Canada) Inc.