NEW YORK, June 21, 2018 (GLOBE NEWSWIRE) -- Horizons ETF Trust I (the “Trust”) today announced key leadership changes to the Trust’s officers. Mr. Jonathan Molchan, who serves as the portfolio manager to each of the four current series of the Trust (the “Funds”), has been appointed President and Chief Executive Officer of the Trust. Additionally, Mr. Thomas Calabria has been appointed Secretary of the Trust.
The Funds are advised by Horizons ETFs Management (US) LLC, a member of the Horizons ETFs Group.
About the Horizons ETFs Group https://horizonsetfsus.com/
The Horizons ETFs Group consists of innovative financial services companies offering regional families of ETFs in Canada, Korea, Hong Kong, Australia, the United States and Colombia. 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. With approximately US $21.2 billion in assets under management and 254 ETF listings worldwide (as of May 31, 2018), 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.
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. Distributor: Foreside Fund Services, LLC.
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.
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