Horizons Announces April 2012 Distributions for Covered-Call ETFs
TORONTO, April 20, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the period ending April 30, 2012, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be April 26, 2012, for all unitholders of record on April 30, 2012. The Distributions will be paid in cash or, if the unitholder has enrolled in the respective ETF's dividend reinvestment plan (DRIP), reinvested in additional units of the applicable ETF, on or about May 10, 2012.
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Horizons ETFs Announces March 2012 Distributions
TORONTO, March 22, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the period ending March 31, 2012, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be March 28, 2012, for all unitholders of record on March 30, 2012. The Distributions will be paid in cash or, if the unit holder has enrolled in the respective ETF's dividend reinvestment plan (DRIP), reinvested in additional units of the applicable ETF, on or about April 12, 2012.
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ETFs - Horizons ETFs Launches Commodity Yield ETFs
Horizons Exchange Traded Funds Inc. has launched three new commodity exchange traded funds (ETFs) which will allow investors to earn a tax-efficient monthly income from exposure to crude oil, natural gas and silver.
Horizons ETFs is the first ETF provider in Canada to offer exchange traded funds that utilize an innovative covered call strategy on commodities. The ETFs will trade on the Toronto Stock Exchange (“TSX”) under the following names and tickers:
Horizons Silver Yield ETF HZY HZY.A
Horizons Crude Oil Yield ETF HOY HOY.A
Horizons Natural Gas Yield ETF HNY HNY.A
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ETFs Defined
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Exchange Traded Funds (ETFs) are growing in popularity as a method of investing in the stock market, providing the opportunity for investors to diversify their stock market portfolios while maintaining flexibility in trading that is similar to stocks.
An Exchange Traded Fund (ETF) is a security that trades on a stock exchange and generally tracks the performance of an index. It is a single stock representing a portfolio of securities underlying the index which can be comprised of stocks, bonds and other assets such as commodities. The simplest ETFs generally seek to replicate an index. However, ETFs have evolved over recent years to allow for exposure to alternative asset classes including commodities and the implementation of more sophisticated investment strategies. An ETF generally offers a lower volatility to a single stock within a stock exchange. |
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Types of ETFs
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There are a variety of types of Exchange Traded Funds (ETFs) that provide investors an opportunity to develop a diversified investment portfolio with a stock exchange. ETF sponsors are constantly adding to the types of ETFs available, providing investors with more choice. Many ETFs track the performance of an underlying index or benchmark. The underlying index or benchmark may be broad, or sector-specific, or be linked to other assets like commodities or currencies.
ETFs can be grouped into different types of ETFs, which may include: |
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| Index ETFs |
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| ETFs that use an index tracking approach generally follow a pre-selected index, called a benchmark, and the return on the ETF will closely correlate with that of the underlying index. Index ETFs follow a variety of indices, including the broad market, sectors such as energy or health care, and commodities (including oil and gold), as well as indices that offer exposure to dividends or fixed income. The weightings used in the underlying index could be based on market capitalization of the constituents or on fundamental factors such as financial criteria. Index ETFs may also follow indices that adhere to a certain investment style, such as value or growth. |
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The Evolution of The ETF in Canada
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| Canada is a world leader in the development of the Exchange traded Fund or ETF. The creation of the modern ETF has roots on Toronto Stock Exchange with a security called TIPS; short for Toronto 35 Index Participation Units. This investment product allowed investors to participate in the performance of the TSE 35 Composite Index without having to buy shares of each constituent company in the index. TIPS was followed by HIPS, a participation unit for the Toronto 100 index. These early ETFs have since been replaced by a wide variety of ETFs offered by a number of providers. |
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ETF Providers
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Below is a list of providers that list Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) for trading. Each has provided a short summary of their business below.
iShares® Funds are managed by BlackRock Asset Management Canada Limited, and are part of the world's most extensive family of exchange traded funds (ETFs). iShares is the largest ETF provider in the world, with more than 350 funds and over US$300 billion assets under management (AUM). iShares ranks as one of the fastest growing fund families and commands almost 50% of the worldwide ETF industry market share. In Canada, iShares is the leading ETF provider with roughly C$22billion AUM. iShares was founded in 1999, and today, has the world's largest asset manager behind them. iShares are now trading in 15 countries.
Claymore Investments, Inc. ("Claymore") is a Canadian leader in bringing intelligent, low cost exchange-traded funds in Canada through its family of 31 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities with approximately $6.5 billion in assets under management as of June 30, 2011. Claymore Investments, Inc. is a wholly-owned subsidiary of Guggenheim Funds Services Group, Inc., a financial services and asset management company based in the Chicago, Illinois area and an indirect subsidiary of Guggenheim Partners, LLC, ("Guggenheim") a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia. |
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ETFs are RRSP and RESP eligible
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Did you know that ETFs can be purchased within your RRSP? There could be an ETF for you to consider adding to your RRSP or RESP portfolio.
There are many advantages to holding ETFs in your RRSP, including the benefits of transparency and diversificationat lower cost than mutual funds, coupled with the intra-day liquidity offered by individual stocks. Transparency: ETFs offer diversification as do mutual funds, but ETFs publish their holdings on a daily basis, thereby enabling you to know exactly what you own and to make more informed investment decisions. Mutual fund holdings, on the other hand, are generally published much less frequently. |
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| We performed a detailed review of thousands of mutual funds in an attempt to locate our top mutual fund picks. The TD US Blue Chip Equity Mutual Fund is one of our top us equity mutual fund picks. This mutual fund's Read More » |
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| 3 High Dividend Yield ETFs |
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| Top ETF Buy for your TFSA and RRSP |
The Claymore Natural Gas Commodity ETF (TSX:GAS), has been designed to track the performance of the benchmark NGX Canadian Natural Gas Index, less fees and expenses. The ETF will provide non-leveraged exposure to the Alberta natural gas market, by investing in physical natural gas forward contracts. The ETF ...
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