Horizons ETFs

The three new choices from Horizons ETFs are a part of the agency’s Premium Yields Suite and can be found in each Canadian and U.S. greenback variations.

“With our upcoming Premium Yield Suite, we’ll present a chance for portfolio safety within the seek for important yield,” mentioned Rohit Mehta, president, and CEO of Horizons ETFs. “With an underlying portfolio of U.S. Treasury securities backed by the credit score of the U.S. authorities coupled with an actively managed choices program pushed by our experience within the subject, our Premium Yield ETFs will search to supply peace of thoughts and significant month-to-month earnings for traders.”

The brand new funds embrace:

• Horizons Quick-Time period U.S. Treasury Premium Yield ETF (“SPAY.U” and “SPAY”) – SPAY.U seeks to supply: (a) publicity to the efficiency of a portfolio of U.S. Treasury securities, typically focusing on a length lower than 3 years; and (b) excessive month-to-month distributions of curiosity earnings and possibility premiums. To generate premiums and scale back volatility, SPAY.U will make use of a dynamic possibility program.
• Horizons Mid- Time period U.S. Treasury Premium Yield ETF (“MPAY.U” and “MPAY”) – MPAY.U seeks to supply: (a) publicity to the efficiency of a portfolio of U.S. Treasury securities, typically focusing on a length between 5 and 10 years; and (b) excessive month-to-month distributions of curiosity earnings and possibility premiums. To generate premiums and scale back volatility, MPAY.U will make use of a dynamic possibility program.
• Horizons Lengthy-Time period U.S. Treasury Premium Yield ETF(“LPAY.U” and “LPAY”) – LPAY.U seeks to supply: (a) publicity to the efficiency of a portfolio of U.S. Treasury securities, typically focusing on a length over 10 years; and (b) excessive month-to-month distributions of curiosity earnings and possibility premiums. To generate premiums and scale back volatility, LPAY.U will make use of a dynamic possibility program.

The ETFs are anticipated to shut their preliminary providing of items to their designated dealer on October 4, 2023, and are anticipated to start buying and selling on the TSX when the market opens on October 5, 2023.

AGF Investments

There’s one new fund from AGF Investments, the AGF Rising Markets ex China Fund, which is designed to seize the potential of rising markets and supply worldwide diversification.