Horizons Launches Two Leveraged Japan ETFs

By ExpatBriefing.com Editorial 22 January, 2014

Horizons ETFs Management (Canada) Inc announced on January 13, 2014 that it has launched two exchange-traded funds (ETFs) designed to give investors exposure to the MSCI Japan Index.

The newly-launched ETFs, the Horizons BetaPro MSCI Japan Bull Plus ETF and the Horizons BetaPro MSCI Japan Bear Plus ETF, began trading on the Toronto Stock Exchange under the ticker symbols HPU and HPD, respectively.

HPU and HPD will seek to provide Canadian investors with exposure to two times the daily long and two times the daily inverse performance, respectively, of the MSCI Japan Index, before fees and expenses. The ETFs do not seek to achieve their stated investment objectives over a period of time greater than one day.

The MSCI Japan Index is a free-float adjusted market capitalization weighted index that aims to track the equity market performance of Japanese securities listed on the Tokyo Stock Exchange, Osaka Stock Exchange, JASDAQ and Nagoya Stock Exchange, and that represents approximately 85 percent of the free-float market capitalization of Japanese equities.

"The MSCI Japan Index has risen more than 20 percent over the past year," said Howard Atkinson, President of Horizons ETFs. "With the Japanese government stimulating its economy with its so-called 'Abenomics,' named after the country's prime minister, Shinzo Abe, Japanese stocks have been attracting more attention from global investors."

Any US dollar gains or losses as a result of each of the ETFs' investments will be, whenever possible, hedged back to the Canadian dollar.

Tags: Investment | Investment Funds | Stock Exchanges | Canada | Trade | Japan | Expats |


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