Horizons ETFs US Extends Fee Waiver on Horizons DAX Germany ETF
31 Juillet 2018 - 10:20PM
Horizons ETFs Management (US) LLC ("Horizons US"), announced the
extension of the reduced expense ratio for the Horizons DAX Germany
ETF (Nasdaq: DAX) (“the fund”), which dropped from .45 percent to
.20 percent. This 25 basis point reduction represents a 55 percent
decrease, effective August 1, 2018 through July 31, 2019.
The fund, launched in October 2014, is the only U.S.-listed ETF
to track the DAX® Index, which contains shares of the 30 largest
and most liquid companies on the German equities market.
“Through the DAX ETF, investors across the board have access to
a transparent and cost-effective way to take advantage of the
growth potential within the German economy,” said Jonathan Molchan,
Portfolio Manager and Head of Product Development at Horizons ETFs
US. “We are thrilled to continue to provide investors with a viable
option for international exposure and look forward to the continued
success of DAX.”
This news comes on the heels of Horizons’ Nasdaq 100 Covered
Call ETF (Nasdaq: QYLD) crossing $300 million in assets earlier
this July. In addition to DAX and QYLD, Horizons US offers a suite
of ETFs including the Horizons S&P 500® Covered Call ETF (HSPX)
and Horizons Cadence Hedged US Dividend Yield ETF (USDY).
Horizons ETFs US is a member of the Horizons Exchange Traded
Funds Group, one of the largest collective families of ETFs in the
world, with approximately $21 billion in assets under
management.
About the Horizons ETFs Group (www.HorizonsETFsUS.com)
The Horizons ETF Group:The Horizons ETFs Group
consists of innovative financial services companies offering
regional families of ETFs in Canada, Colombia, Korea, Hong Kong,
Australia, and the United States. Currently, all of the ETFs
offered by these companies use the Horizons ETFs’ brand with the
exception of the ‘BetaShares’ family of ETFs in Australia and the
‘Mirae Asset Tiger ETFs’ family in Korea. The Horizons ETFs Group
makes up one of the largest collective families of ETFs in the
world. All of the Horizons ETFs Group companies and affiliates are
subsidiaries of Mirae Asset Global Investments Co., Ltd.
As of March 31, 2018, Horizons ETF Group total global AUM stood
at US $21 billion.
Mirae Asset Global Investments:Mirae Asset
Global Investments is a global investment management firm
originating from Asia with offices, clients and business lines
across the world’s major markets (Australia, Brazil,
Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K.,
the United States and Vietnam). We provide asset management
services through a diversified platform that offers market-leading
franchises in traditional equity and fixed income products, ETFs
and alternative strategies such as real estate, private equity and
hedge funds.
As of March 31, 2018, Mirae Asset Global Investments Co., Ltd
total AUM stood at US$ 126.5 billion.
Important Disclosures: Authorized for distribution only
when preceded or accompanied by
a prospectus.
You should consider the Fund’s investment objectives,
risks, and charges and expenses carefully before investing. Contact
Horizons ETFs at 1-855-496-3837 or
visit https://HorizonsETFsUS.com to
obtain a prospectus which contains this and other information about
the Fund. The prospectus should be read carefully before
investing.
Shares are bought and sold at market price (not NAV), are not
individually redeemable, and owners of the Shares may acquire those
Shares from the Funds and tender those shares for redemption to the
Funds in Creation Unit aggregations only, consisting of 50,000
Shares. Brokerage commissions will reduce returns. Index
returns are for illustrative purposes only. Investors cannot
directly invest in an index and unmanaged index returns do not
reflect any management fees, transaction costs or expenses. In
addition, the results actual investors might have achieved would
have differed from those shown because of differences in the
timing, amounts of their investments, and fees and expenses
associated with investments in the Fund. Past performance does not
guarantee future results. Investors in the Fund should be willing
to accept a high degree of volatility in the price of the Fund’s
Shares and the possibility of significant losses. An investment in
the Fund involves a substantial degree of risk. International
investing involves risks, including risks related to foreign
currency, limited liquidity, less government regulation and the
possibility of substantial volatility due to adverse political,
economic or other developments. These risks often are heightened
for investments in emerging/ developing markets or in
concentrations of single countries. Diversification may not protect
against market risk or loss of principal. Brokerage commissions
will reduce returns. The Fund is
considered non-diversified and may be subject to greater
risks than a diversified fund. The Fund is distributed by Foreside
Fund Services, LLC, which is not affiliated with Horizons ETFs
Management (US) LLC or any of its affiliates.
Media Contact Max LeitenbergerButtonwood Communicaitons
Group914-434-5725maxl@buttonwoodpr.com
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