New corporate structure will benefit global teams
Two Canadian ETF management firms have announced a formal amalgamation.
AlphaPro Management Inc. and Horizons ETFs Management (Canada) Inc. already share the same management team and the amalgamation aims to create a more efficient corporate structure.
"The AlphaPro corporate entity was originally created to distinguish active management from the other ETF lines of business at Horizons," said Steve Hawkins, President and Co-CEO of Horizons ETFs. "We feel that our overall business is better served with all ETFs under the larger Horizons ETFs umbrella."
Horizons is part of the Mirae Asset Global Investments Group which operates across major markets including Australia, China, the UK and the United States. It has almost C$20 billion in assets under management.
"With this change, our new streamlined corporate structure will allow us to create more synergy amongst our global ETF teams," added Taeyong Lee, Co-CEO of Horizons ETFs and Global Head of ETFs, Mirae Asset Global Investments.
Horizons ETFs manages more than $3.8 billion in actively managed ETF funds.
"Our actively managed ETFs make up nearly half of the assets we manage and continue to be one of the strongest drivers of growth for our overall business," said Mr. Hawkins. "Our active ETFs have some of the longest ETF track records in the Canada and their success speaks to the fact that Canadian investors have embraced a mix of both active and passive investments in their portfolios."
The combined legal entity will be known as Horizons ETFs Management (Canada) Inc. The combination is subject to the usual regulatory approvals.
AlphaPro Management Inc. and Horizons ETFs Management (Canada) Inc. already share the same management team and the amalgamation aims to create a more efficient corporate structure.
"The AlphaPro corporate entity was originally created to distinguish active management from the other ETF lines of business at Horizons," said Steve Hawkins, President and Co-CEO of Horizons ETFs. "We feel that our overall business is better served with all ETFs under the larger Horizons ETFs umbrella."
Horizons is part of the Mirae Asset Global Investments Group which operates across major markets including Australia, China, the UK and the United States. It has almost C$20 billion in assets under management.
"With this change, our new streamlined corporate structure will allow us to create more synergy amongst our global ETF teams," added Taeyong Lee, Co-CEO of Horizons ETFs and Global Head of ETFs, Mirae Asset Global Investments.
Horizons ETFs manages more than $3.8 billion in actively managed ETF funds.
"Our actively managed ETFs make up nearly half of the assets we manage and continue to be one of the strongest drivers of growth for our overall business," said Mr. Hawkins. "Our active ETFs have some of the longest ETF track records in the Canada and their success speaks to the fact that Canadian investors have embraced a mix of both active and passive investments in their portfolios."
The combined legal entity will be known as Horizons ETFs Management (Canada) Inc. The combination is subject to the usual regulatory approvals.
