What are activley managed ETFs?
Actively managed Exchange Traded Funds ("ETFs") are similar to traditional mutual funds, but are listed on an exchange. As a result, active ETFs combine the benefits of active management with the traditional structural advantages of ETFs: lower fees, greater flexibilty, and greater convenience.
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August 12, 2010 Horizons AlphaPro Exchange Traded Funds Opens the Market
Ken McCord, President, Horizons AlphaPro Exchange Traded Funds, Chris Guthrie, President & CEO and Harry Marmer, Executive Vice President, Hillsdale Investment Management Inc., joined Amelia Nedovich, Senior Manager, Business Development ETFs and Structured Products, TMX Group to open the market to launch
Horizons AlphaPro Balanced ETF (HAA). AlphaPro Management Inc. is a subsidiary of Jovian Capital Corporation and manages approximately $410 million amongst 11 ETFs and 2 funds on the Toronto Stock Exchange.