The fund employs a tool to determine the value of capital invested in a firm
Horizons ETF Management launched Canada's first exchange-traded fund offering exposure to the Nasdaq Inovestor Canada Index.
For the Horizons Inovestor Canadian Equity Index ETF, Horizons ETFs tapped the digital financial platform provider Inovestor. The fund takes the ticker symbol INOC and eyes to replicate the performance of the Nasdaq Inovestor Canada Index.
The said index is made up of 25 equal-weighted large-cap Canadian-listed firms. Horizons ETFs president and co-CEO Steve Hawkins said these top-notch firms trade at a reasonable price with the best rankings in Inovestor's StockPointer stock selection model.
Also Read: How to invest internationally through ETFs
"As Canadian equities continue to rise, investors are increasingly looking for new ways to search for quality issuers at reasonable prices," he said.
He furthered, "INOC harnesses the stock selection power of Inovestor's StockPointer, which has been one of Canada's largest stock selection software services for financial advisors during the past two decades."
INOC utilizes a six-step investment process within the ETF that starts with a screening of stocks based on the Economic Profit basis. Horizons ETFs explained that this basis is a form of residual wealth that takes place when a firm pays back its cost of capital from its operating profit. This is another way of determining whether the capital invested in a firm has already generated value for investors.
Out of the top 100 securities, 25 will be selected using StockPointer score, which combines performance and risk metrics. Horizons ETFs said the fund is rebalanced quarterly to maintain diversification and avoid risks.
Inovestor CEO and president Pascal Lefrancois said StockPointer is regarded as a leading stock selection software among Canadian financial advisors.
Also Read: Horizons ETFs rolls out Canada's first AI-driven ETF
"Having spent decades perfecting our technique of selecting and ranking equities within our software for advisors and firms, we are excited to be relaying our expertise in investment metrics within an ETF that our clients and the broader public can invest," he said.
He added, "Many investors have struggled to determine the true value of various Canadian securities, and we believe our investment process helps choose quality stocks at a reasonable price."
For more of Wealth Professional's latest industry news, click here.
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For the Horizons Inovestor Canadian Equity Index ETF, Horizons ETFs tapped the digital financial platform provider Inovestor. The fund takes the ticker symbol INOC and eyes to replicate the performance of the Nasdaq Inovestor Canada Index.
The said index is made up of 25 equal-weighted large-cap Canadian-listed firms. Horizons ETFs president and co-CEO Steve Hawkins said these top-notch firms trade at a reasonable price with the best rankings in Inovestor's StockPointer stock selection model.
Also Read: How to invest internationally through ETFs
"As Canadian equities continue to rise, investors are increasingly looking for new ways to search for quality issuers at reasonable prices," he said.
He furthered, "INOC harnesses the stock selection power of Inovestor's StockPointer, which has been one of Canada's largest stock selection software services for financial advisors during the past two decades."
INOC utilizes a six-step investment process within the ETF that starts with a screening of stocks based on the Economic Profit basis. Horizons ETFs explained that this basis is a form of residual wealth that takes place when a firm pays back its cost of capital from its operating profit. This is another way of determining whether the capital invested in a firm has already generated value for investors.
Out of the top 100 securities, 25 will be selected using StockPointer score, which combines performance and risk metrics. Horizons ETFs said the fund is rebalanced quarterly to maintain diversification and avoid risks.
Inovestor CEO and president Pascal Lefrancois said StockPointer is regarded as a leading stock selection software among Canadian financial advisors.
Also Read: Horizons ETFs rolls out Canada's first AI-driven ETF
"Having spent decades perfecting our technique of selecting and ranking equities within our software for advisors and firms, we are excited to be relaying our expertise in investment metrics within an ETF that our clients and the broader public can invest," he said.
He added, "Many investors have struggled to determine the true value of various Canadian securities, and we believe our investment process helps choose quality stocks at a reasonable price."
For more of Wealth Professional's latest industry news, click here.
Related Stories:
Investment firm eyes pioneering bitcoin ETF in Canada
Evolve launches automobile-innovation ETF
