27.02.2013 - Horizons ETFs launches broad commodity index ETF
Horizons Exchange Traded Funds Inc. (Horizons ETFs) and its affiliate AlphaPro Management Inc. (AlphaPro) are pleased to announce the launch of the Horizons Auspice Broad Commodity Index ETF (HBR), an innovative alternative strategy ETF that offers investors diversified, tactical long exposure to up to 12 different commodity futures in the energy, metals and agricultural sectors. HBR is designed to track, before fees and expenses, the Auspice Broad Commodity Excess Return Index (the Auspice Index), hedged to the Canadian dollar. The Auspice Index is a commodity futures based index developed by Calgary-based Auspice Capital Advisors Ltd. (Auspice). Auspice is a leader in the design and execution of systematic commodity trading strategies in Canada, and a seasoned manager of commodity risk.(Press Release)