NEW YORK--(BUSINESS WIRE)--
Horizons ETFs Management (US) LLC ("Horizons US"), has partnered with Cadence Capital Management (“Cadence”) to develop a series of actively managed, transparent ETFs.
Cadence, founded in 1988 and based in Boston, manages approximately $4.4 billion in assets and is a wholly owned subsidiary of Pacific Life Insurance Company.
“Cadence is an industry leader when it comes to factor-driven strategies, and the team has a tremendous amount of experience,” said Garrett Paolella, Managing Director at Horizons US. “Like Horizons US, Cadence is powered by a client-driven ethos and takes pride in building and managing investment vehicles that mitigate risk while providing income.”
“Horizons US has established itself as a leader in options and covered call investing,” said Michael Skillman, CEO of Cadence Capital Management. “Together, our firms share a commitment to launching innovative, sophisticated products.”
Horizons US is a unit of Mirae Asset Global Investments' $17.5 billion ETF platform, Horizons ETFs Group, and offers a suite of innovative ETFs: Horizons Nasdaq 100 Covered Call ETF (Nasdaq: QYLD), Horizons S&P 500® Covered Call ETF (NYSE Arca: HSPX), and Horizons DAX Germany ETF (Nasdaq: DAX).
Horizons US and Cadence have filed a preliminary prospectus detailing their first fund offering which is slated to launch in the New Year. More information can be found here.
About the Horizons ETFs Group
Horizons ETFs Management (US) LLC is a member of the Horizons ETFs Group. The Horizons ETFs Group consists of innovative financial services companies offering regional families of ETFs in Canada, Korea, Hong Kong, Australia, the United States and Colombia. Currently, all of the ETFs offered by these companies use the Horizons ETFs’ brand with the exception of the “BetaShares” family of ETFs in Australia and the “Mirae Asset Tiger ETFs” family in Korea. With approximately U.S. $17.5 billion in assets under management and 235 ETF listings worldwide (as of 11/3/2017), the Horizons ETFs Group makes up one of the largest collective families of ETFs in the world. All of the Horizons ETFs Group companies and affiliates are subsidiaries of Mirae Asset Global Investments Co., Ltd. https://US.HorizonsETFs.com
About Cadence Capital Management
Founded in 1988, Cadence Capital manages approximately $4.4 billion on behalf of institutions, mutual funds and high net worth individuals. Cadence employs a disciplined, systematic investment approach across global equity markets to meet its client’s needs. For additional information, please visit www.CadenceCapital.com.
Important Information:
Before investing you should carefully consider each Funds' investment objectives, risks, charges and expenses. This and other information is in their respective prospectus which can be found at https://us.horizonsetfs.com. Please read the prospectus carefully before you invest.
Information contained herein is subject to completion or amendment. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to buy or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would unlawful prior to registration or qualification under securities laws of any such state.
An indication of interest in response to this advertisement will involve no obligation or commitment of any kind.
Distributor: Foreside Fund Services, LLC.
Investing involves risk, including the potential loss of principal.
Individual shares of the Horizons-Branded Exchange Traded Funds (The "Funds") may be purchased or sold in the secondary market throughout the regular trading day on the New York Stock Exchange or Nasdaq Exchange through a brokerage account. However, shares are not individually redeemable directly from the funds. Each fund issues and redeems shares on a continuous bases, at NAV, on in blocks of shares ("creation units"), principally in-kind for securities included in the relevant index.
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