TORONTO, March 13, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. (the "Manager") has announced today that further to the press release dated
February 27, 2018, it will resume the acceptance of new subscriptions of units of the BetaPro
S&P 500 VIX Short-Term Futures™ Inverse ETF ("HVI") tomorrow, March 14,
2018. HVI trades on the Toronto Stock Exchange under the ticker symbol "HVI".
Since the close of trading on February 27, 2018, the performance of HVI has corresponded to
approximately one-half times the inverse (opposite) of the daily performance of the S&P 500 VIX Short-Term Futures Index (the
"Index"), and the performance of HVI is expected to continue to corresponded to approximately one-half times the inverse
(opposite) of the daily performance of the Index.
In accordance with the declaration of trust of HVI, and in accordance with applicable securities law, the Manager intends to
call a special meeting of unitholders of HVI as soon as practicable, in order to amend HVI's investment objective from seeking to
correspond to one times the inverse (opposite) of the daily performance of the Index to seeking to correspond to one-half times
the inverse (opposite) of the daily performance of the Index. The Manager will provide unitholders with additional information
pertaining to the details of the special meeting, including the matters to be proposed at such meeting, in due course.
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 suite
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 currently has approximately $10 billion of assets under
management and 82 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.
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") and VIX ETFs (defined below). 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 or presently in the case of HVI, -50% of the performance of the 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, for the 2x Daily ETFs, 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 VIX ETF, one of which is a (1x) VIX ETF, and one of which is a (-0.5x) Inverse VIX 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 2x Daily nor (1x) VIX ETFs nor their Target are expected to have positive long term
performance. In addition, the VIX ETFs' Target has historically experienced some significant one-day increases when equity
markets have had large negative returns which, if repeated, could cause the Inverse (-0.5x) VIX ETF to suffer substantial losses.
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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