NEW YORK, July 31, 2018 (GLOBE NEWSWIRE) -- 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.
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Max Leitenberger
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