Horizons ETFs Administration (Canada) Inc. has introduced a reputation change for its Horizons Robotics and Automation Index ETF. The ETF will now be often called the Horizons Robotics & AI Index ETF, with the ticker image RBOT remaining the identical. The identify change is anticipated to take impact on October 30, 2023.
This rebranding displays the ETF’s alignment with its underlying index, the Indxx World Robotics & Synthetic Intelligence Thematic Index. The index represents the publicity to key firms concerned within the international synthetic intelligence ecosystem. Horizons ETFs goals to extra precisely signify this focus by incorporating each robotics and AI into the ETF’s identify.
Regardless of the identify change, there will probably be no adjustments to the ETF’s administration charges. Moreover, the ETF can also be out there in a U.S. greenback model underneath the ticker image “RBOT.U.”
Horizons ETFs Administration (Canada) Inc. is a number one supplier of exchange-traded funds in Canada. With over $27 billion of belongings underneath administration and 119 listed ETFs, the corporate gives a various vary of funding options for buyers of all expertise ranges.
The Horizons Robotics & AI Index ETF is only one instance of the corporate’s dedication to offering modern funding alternatives in rising sectors. By specializing in robotics and synthetic intelligence, the ETF gives buyers an opportunity to take part within the transformative potential of those applied sciences.
For extra details about the identify change and the Horizons ETFs product household, events can go to www.horizonsetfs.com or entry the prospectus at www.sedar.com.
Definitions:
– ETF: Trade-traded fund – a sort of funding fund and exchange-traded product that represents possession in a portfolio of securities.
– Ticker: A novel collection of letters assigned to a safety, usually used for identification functions in buying and selling.
Sources:
– Horizons ETFs Administration (Canada) Inc.
– Indxx, LLC
