Horizons ETFs Management (Canada) and its affiliate, AlphaPro Management Inc., have launched the Horizons Absolute Return Global Currency ETF (HARC), which provides long and short exposure to a portfolio of global currencies.
Units of HARC will begin trading on the TSX on January 17th, under the ticker symbol HARC. The fund will be sub-advised by CIBC Asset Management, and it will hold Canadian short-term securities and primarily use short-term financial instruments to gain exposure to selected global currency markets.