NEW YORK, Oct. 3, 2018 /PRNewswire/ -- Horizons ETF Trust I (the "Trust") announced today the addition of three portfolio managers to three series of the Trust (the "Funds"): Horizons NASDAQ 100 Covered Call ETF (QYLD), Horizons S&P 500 Covered Call ETF (HSPX) and Horizons DAX Germany ETF (DAX). Effective September 4, 2018, Chang Kim, James Ong and Nam To will join Jonathan Molchan as portfolio managers of each Fund.
Messrs. Kim, Ong and To currently are portfolio managers for Global X Funds and hold various positions at Global X Management Company LLC.
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. All of the Horizons ETFs Group companies and affiliates are subsidiaries of Mirae Asset Global Investments Co., Ltd.
As of June 30, 2018, Horizons ETF Group total global AUM stood at US $21 billion.
Horizons ETFs Management (US) LLC is the investment advisor of the Funds. The Funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Horizons ETFs Management (US), LLC or any of its affiliates.
Before investing you should carefully consider each Fund's investment objectives, risks, charges and expenses. This and other information is in their respective prospectus which can be found at https://horizonsetfsus.com/ . Please read the prospectus carefully before you invest.
Individual shares of the Horizons-branded exchange traded funds may be purchased or sold in the secondary market throughout the regular trading day. However, shares are not individually redeemable directly from the Funds. Each Fund issues and redeems shares on a continuous basis, at NAV, only in blocks of at least 50,000 shares ("Creation Units"), principally in-kind for securities included in the relevant Index. Horizons ETFs Funds' Shares are bought and sold at market price (not net asset value), 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.
SOURCE Global X Funds