Horizons ETFs Lowers Management Fee, Changes Investment Objective/Ticker of its Robotics and A.I. ETF
Horizons ETFs Management (Canada) is pleased to announce that its robotics and artificial intelligence ETF – the Horizons Robotics and Automation Index ETF – will have a new investment objective and ticker symbol, as well as a lower management fee. Starting tomorrow, the ETF's investment objective will be to seek to replicate, to the extent possible, the performance of the Indxx Global Robotics & Artificial Intelligence Thematic Index, net of expenses. The ETF continues to trade on the Toronto Stock Exchange, but starting tomorrow, under new ticker symbols – RBOT (in Canadian dollars) and RBOT.U (in U.S. dollars). In addition, the ETF's management fee will be 0.68% (plus applicable taxes), reduced from 0.75%.