TORONTO, Feb. 6, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. (the "Manager" or "Horizons ETFs") is announcing the resumption of
trading for units of the BetaPro S&P 500 VIX Short-Term Futures™ Daily Inverse ETF, which trades on the Toronto
Stock Exchange under the ticker symbol "HVI" at approximately 1:45pm.
The Manager, based on information available at 1:20pm today, calculates a fair value between
$1.85 and $2.25.
Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be
associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not
guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed
information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.
The Horizons Exchange Traded Products consist of the Horizons Index ETFs ("Index ETFs"), 2x Daily Bull and -2x Daily Bear
ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs"), VIX ETFs (defined below) and active ETFs. The 2x Daily ETFs and certain
other Horizons Exchange Traded Products use leveraged investment techniques that can magnify gains and losses and may result in
greater volatility of returns. These Horizons Exchange Traded Products are subject to leverage risk and may be subject to
aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses.
Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified
underlying index, commodity or benchmark (the "Target") for a single day. Each Index ETF or Inverse ETF seeks a return that is
100% or -100%, respectively, of the performance of a Target. Due to the compounding of daily returns, a 2x Daily ETF's or Inverse
ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of their
respective Target(s) for the same period. The Horizons Exchange Traded Products whose Target is the S&P 500 VIX Short-Term
Futures Index™ (the "VIX ETFs"), one of which is a 2x Daily ETF and one of which is an Index ETF, as described in their
prospectus, are speculative investment tools that are not conventional investments. The VIX ETFs' Target is highly volatile. As a
result, the VIX ETFs are not generally viewed as stand-alone long-term investments. Historically, the VIX ETFs' Target has tended
to revert to a historical mean. As a result, the performance of the VIX ETFs' Target is expected to be negative over the longer
term and neither the VIX ETFs nor their Target are expected to have positive long term performance. Investors should monitor
their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.
SOURCE Horizons ETFs Management (Canada) Inc.
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