Yahoo Finance HORIZONS ETFs SURPASSES $30 BILLION IN ASSETS UNDER MANAGEMENT
Horizons ETFs reaches major asset milestone and one of top spots for new ETF in-flows in 2023
TORONTO, Jan. 10, 2024 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager"), a member of Mirae Asset Financial Group ("Mirae Asset"), announced today that its assets under management ("AUM") recently surpassed $30 billion – a financial milestone that entrenches its position as one of Canada's largest and fastest growing ETF providers.
In 2023, Horizons ETFs saw in-flows of approximately $5.5 billion, contributing to a total AUM increase of more than $7.6 billion – the most significant year of AUM growth in the Manager's history. In addition, more than $1.8 billion of those in-flows were raised in ETFs launched by the Manager last year, making Horizons ETFs one of the top providers for total assets raised in new ETFs launched in 2023.
"It has been thrilling and fulfilling to lead one of the biggest growth spurts in Horizons ETFs' history. I am tremendously optimistic about what's in store for the year ahead," said Rohit Mehta, President and CEO of Horizons ETFs. "In particular, seeing how our new ETFs have resonated with investors, from our first-in-Canada ETFs that provide exposure exclusively to short-term treasury bills to our bigger and bolder approach to asset allocation investing, has bolstered our resolve to continue to deliver more product innovation and disruption throughout 2024."
Launched in 2005, Horizons ETFs is among Canada's first home-grown ETF providers. In 2011, the Manager was acquired by South Korea's Mirae Asset Global Investments, one of the world's largest asset managers and part of Mirae Asset Financial Group, which manages more than CAD $710 billion in assets across 19 countries and markets. Since its acquisition, the Manager has grown rapidly, with assets increasing nine-fold since 2011.
Exhibit #1: Horizons ETFs: 13 Years of Growth*
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
$3.4 | $3.6 | $4.1 | $4.2 | $4.9 | $6.5 | $9.2 | $9.9 | $10.4 | $16.8 | $20.7 | $22.9 | $30.5 |
*Source: Horizons ETFs. All values in CAD (billions). AUM data is at year end for each respective year. |
Exhibit #2: Select ETFs Launched in 2023**
ETF Name | Ticker | Launch Date | AUM |
Horizons Equal Weight Banks Index ETF | HBNK | July 5, 2023 | $715.1 M |
Horizons 0-3 Month T-Bill ETF | CBIL | April 12, 2023 | $564.5 M |
Horizons 0-3 Month U.S. T-Bill ETF | UBIL.U | April 12, 2023 | $347.5 M |
Horizons Enhanced Equal Weight Canadian Banks Covered Call ETF | BKCL | July 5, 2023 | $58.2 M |
Horizons Short-Term U.S. Treasury Premium Yield ETF | SPAY | October 4, 2023 | $29.9 M |
**All values cited in CAD (millions). AUM data is as at December 29, 2023. |
Exhibit #3: The Mirae Asset Global Investments Global Network
"The combination of the global strength of the Mirae Asset brand and its vast network and insights, coupled with our local expertise and longstanding innovation within the Canadian ETF marketplace, have been the key contributors to our success and ultimately, to our investors' successes as well," said Mr. Mehta. "While I'm proud of what we've achieved to date, I remain focused on our greater future: continuing to grow our market share, product shelf and our value proposition for Canadians."
To commemorate its $30 billion AUM milestone, Horizons ETFs made donations to multiple charities operating across Canada, including to Second Harvest, Fred Victor and La Moisson de Montréal. In addition, employees also participated in additional charitable actions in support of their local communities.
To learn more about Horizons ETFs, please visit our website at www.HorizonsETFs.com.
To learn more about Mirae Asset, please visit their website at www.am.MiraeAsset.com.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial services company with 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 currently has more than $30 billion of assets under management and 119 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $710 billion of assets across 19 global markets around the world.
Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. 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.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.
Commissions, management fees, and expenses all may be associated with an investment in the Horizons 0-3 Month T-Bill ETF ("CBIL") or the "ETF" managed by Horizons ETFs Management (Canada) Inc. The ETF is not covered by the Canada Deposit Insurance Corporation, Federal Deposit Insurance Corporation, or by any other government deposit insurer. There can be no assurances that the ETF will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the ETF will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing.
Commissions, management fees, and expenses all may be associated with an investment in the Horizons 0-3 Month U.S. T-Bill ETF ("UBIL.U or the "ETF") managed by Horizons ETFs Management (Canada) Inc. The ETF is not covered by the Federal Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the ETF will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the ETF will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing.
BKCL (or the "Enhanced ETF") are alternative mutual funds within the meaning of NI 81-102, and are permitted to use strategies generally prohibited by conventional mutual funds, such as the ability to invest more than 10% of the Enhanced ETF's net asset value in securities of a single issuer, the ability to borrow cash and to employ leverage. While these strategies will only be used in accordance with the applicable investment objectives and strategies of the Enhanced ETFs, during certain market conditions they may accelerate the risk that an investment in Units of such Enhanced ETF decreases in value.
SOURCE Horizons ETFs Management (Canada) Inc.
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