HORIZONS #ETFS Launches Horizons #Blockchain Technology & Hardware Index ETF
ETF gives investors access to the rapidly growing "Blockchain Ecosystem"
TORONTO - June 21, 2018 (Investorideas.com Newswire) Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has launched the Horizons Blockchain Technology & Hardware Index ETF ("BKCH"). Units of the exchange traded fund ("ETF") will begin trading today on the Toronto Stock Exchange ("TSX"), under the ticker symbol BKCH.
BKCH seeks to provide investors with diversified exposure to companies involved in the new, disruptive technology frontier: the blockchain – a shareable digital ledger that logs and tracks valuable information such as transactions or assets, offering virtually endless applications.
BKCH seeks to replicate, to the extent possible, the performance of the Solactive Blockchain Technology & Hardware Index (the "Index") net of expenses. Unlike any other blockchain fund, the unique, three-tiered construction of BKCH's Index gives investors exposure to the greater blockchain technology ecosystem. The Index tracks a portfolio of global companies focused directly on three specific subsectors of the broader technology industry:
- Development of blockchain technology: Companies directly developing blockchain-related applications.
- Semiconductors: Companies focused on the hardware required for blockchain technology mining
- Relevant hardware and services supporting blockchain technology: Includes memory and storage producers, and services important to large-scale mining on a commercial level, such as data centre real estate investment trusts
"BKCH provides a diversified way to enter blockchain investing without taking on a lot of the risks of buying unknown, early stage technology companies," said Steve Hawkins, President and Co-CEO of Horizons ETFs. "Investors get exposure to a global portfolio of some of the larger pure-play blockchain companies, alongside well-established, global technology service and semiconductor providers that are benefiting from the growing global investment in this transformative technology."
The ETF will have substantial exposure to U.S.-listed securities as well as securities listed in other foreign countries.
"From medical records, to natural resources to financial services, the applications of blockchain technology are practically endless," said Mr. Hawkins. "As the blockchain industry grows, so too will the potential holdings of BKCH, as more companies invest in developing blockchain technology directly or technology that supports the blockchain ecosystem."
While BKCH may provide exposure to miners, exchanges and other companies with cryptocurrency exposure, the ETF will not have direct exposure to physical crypto-assets and/or cryptocurrencies such as Bitcoin or initial coin offerings. Furthermore, the ETF will not be directly involved in cryptocurrency mining.
BKCH has closed its initial offering of units and will begin trading today on the TSX when the market opens this morning.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $10 billion of assets under management and 80 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.
Horizons ETFs is a member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in Horizons Blockchain Technology & Hardware Index ETF managed by Horizons ETFs Management (Canada) Inc. (the "ETF"). The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing.
SOURCE: Horizons ETFs Management (Canada) Inc.
For further information:
For investor inquiries:
Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) firstname.lastname@example.org;
For media inquiries:
Contact Jonathan McGuire, External Communications Manager, Horizons ETFs Management (Canada) Inc., (416) 640-2956, email@example.com
Investorideas.com features content for Bitcoin, Blockchain and Digital Currency Stocks and ICO's at Cryptocurrencyinvestorideas.com, Blockchaininvestorideas.com and Investorideas.com
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's Latest News and Commentary https://www.linkedin.com/groups/13560073
Check out our crypto blog on blogger.com
Recently added Bitcoinandblockchainstocks.com at http://www.bitcoinandblockchainstocks.com/
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.