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Horizons ETFs lowers management fee on gold ETF

Wed July 08 2020

 

In Horizons ETFs' opinion, this reduction in management fee improves the appeal of HUG for investors seeking exposure to gold bullion, and makes HUG one of the lowest cost gold ETFs in Canada¹.

 

HUG seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the Solactive Gold Front Month MD Rolling Futures Index ER. HUG is denominated in Canadian dollars. Any US dollar gains or losses as a result of the ETF's investment will be hedged back to the Canadian dollar to the best of the ETF's ability.

 

"HUG is a simple to use ETF that provides Canadian investors with exposure to gold bullion," says Steve Hawkins, President and CEO of Horizons ETFs. "Gold has been a strong performing asset class in 2020 thus far, resulting from market uncertainty and deflationary pressures, globally. Our fee reduction represents more than a two-thirds decrease in the management fee of the ETF – a significant cost savings opportunity that we are happy to pass on to investors looking for a low-cost ETF solution to obtain exposure to gold."

 

In Horizons ETFs' opinion, this reduction in management fee improves the appeal of HUG for investors seeking exposure to gold bullion, and makes HUG one of the lowest cost gold ETFs in Canada¹.

 

HUG seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the Solactive Gold Front Month MD Rolling Futures Index ER. HUG is denominated in Canadian dollars. Any US dollar gains or losses as a result of the ETF's investment will be hedged back to the Canadian dollar to the best of the ETF's ability.

 

"HUG is a simple to use ETF that provides Canadian investors with exposure to gold bullion," says Steve Hawkins, President and CEO of Horizons ETFs. "Gold has been a strong performing asset class in 2020 thus far, resulting from market uncertainty and deflationary pressures, globally. Our fee reduction represents more than a two-thirds decrease in the management fee of the ETF – a significant cost savings opportunity that we are happy to pass on to investors looking for a low-cost ETF solution to obtain exposure to gold."

 

Source: https://www.etfexpress.com