Horizons ETFs completes corporate class reorganisation of BetaPro and commodity-focused ETFs


Horizons ETFs has completed the reorganisation of twenty-nine exchange-traded funds listed below into Horizons ETF Corp., a single multi-class corporate fund structure managed by Horizons ETFs. The Reorganisation was effected after the close-of-business on 27 November, 2019.

Twenty-five of the reorganised ETFs listed in the table are the Horizons ETFs' BetaPro suite of ETFs – a unique-to-Canada ETF structure that offers investors leveraged, inverse and inverse-leveraged exposure to twelve different indices and asset classes. Four of the reorganised ETFs listed below, Horizons Gold ETF (HUG), Horizons Silver ETF (HUZ), Horizons Crude Oil ETF (HUC) and Horizons Natural Gas ETF (HUN) are ETFs within Horizons ETFs' Commodity suite of ETFs, which use swaps and futures contracts in order to obtain commodity exposure.

"Following months of hard work with our advisors, bank counterparties, unitholders and the regulators, we are excited to announce that we have successfully reorganised our BetaPro and Commodity suites of ETFs into our new corporate class structure," says Steve Hawkins, President and CEO of Horizons ETFs. "We wanted to keep things as straightforward as possible so none of the investment objectives, names or ticker symbols of the ETFs changed. This new corporate class structure simply allows Horizons ETFs to continue to provide tax-efficient exposure to a variety of popular asset classes."

The reorganised ETFs are:

Horizons Gold ETF (HUG)
Horizons Silver ETF (HUZ)
Horizons Crude Oil ETF (HUC)
Horizons Natural Gas ETF (HUN)
BetaPro Gold Bullion 2x Daily Bull ETF (HBU)
BetaPro Gold Bullion -2x Daily Bear ETF (HBD)
BetaPro Crude Oil 2x Daily Bull ETF (HOU)
BetaPro Crude Oil -2x Daily Bear ETF (HOD)
BetaPro Natural Gas 2x Daily Bull ETF (HNU)
BetaPro Natural Gas -2x Daily Bear ETF (HND)
BetaPro Silver 2x Daily Bull ETF (HZU)
BetaPro Silver -2x Daily Bear ETF (HZD)
BetaPro S&P/TSX 60 2x Daily Bull ETF (HXU)
BetaPro S&P/TSX 60 -2x Daily Bear ETF (HXD)
BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (HFU)
BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF (HFD)
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF (HEU)
BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (HED)
BetaPro NASDAQ-100® 2x Daily Bull ETF (HQU)
BetaPro NASDAQ-100® -2x Daily Bear ETF (HQD)
BetaPro S&P 500® 2x Daily Bull ETF (HSU)
BetaPro S&P 500® -2x Daily Bear ETF (HSD)
BetaPro Canadian Gold Miners 2x Daily Bull ETF (HGU)
BetaPro Canadian Gold Miners -2x Daily Bear ETF (HGD)
BetaPro Marijuana Companies 2x Daily Bull ETF (HMJU)
BetaPro Marijuana Companies Inverse ETF (HMJI)
BetaPro S&P/TSX 60™ Daily Inverse ETF (HIX)
BetaPro S&P 500® Daily Inverse ETF (HIU)
BetaPro S&P 500 VIX Short-Term Futures ETF (HUV)

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