TORONTO, Oct. 25, 2023 /CNW/ – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs” or the “Manager”) has decided to update the name of their popular ETF, the Horizons Robotics and Automation Index ETF, to the Horizons Robotics & AI Index ETF. The change will go into effect on Monday, October 30, 2023. Despite the name change, the ETF’s ticker, RBOT, will remain the same.
Q: Why was the name of the ETF changed?
A: The name change was made to better align with the name of the ETF’s underlying index, the Indxx Global Robotics & Artificial Intelligence Thematic Index. This change reflects the exposure of the ETF to companies involved in the global artificial intelligence ecosystem.
Q: Will there be any changes to the management fees?
A: No, there are no changes to the ETF’s management fees.
Q: Is the ETF available in a U.S. dollar version?
A: Yes, the ETF is also available in a U.S. dollar version with the ticker symbol “RBOT.U.”
The Horizons Robotics & AI Index ETF provides investors with access to the growing field of robotics and artificial intelligence. The ETF’s underlying index, the Indxx Global Robotics & Artificial Intelligence Thematic Index, tracks the performance of companies involved in the development and implementation of robotics and AI technologies.
Horizons ETFs Management (Canada) Inc. is a leading financial services company that offers a wide range of exchange-traded funds (ETFs) in Canada. With over $27 billion of assets under management and 119 ETFs listed on major Canadian stock exchanges, Horizons ETFs provides investors with diversified solutions to meet their investment objectives. The company is a wholly-owned subsidiary of the Mirae Asset Financial Group, a global asset management firm with approximately $710 billion of assets under management in 13 countries.
For more information about the Horizons Robotics & AI Index ETF, investors can visit the Manager’s website at www.horizonsetfs.com or access the prospectus on www.sedar.com.
Please note that investing in exchange-traded products carries risks, and past performance may not be indicative of future results. Before making any investment decisions, individuals should consult their professional advisors and carefully consider the prospectus of the Horizons ETFs.
– Horizons ETFs Management (Canada) Inc.