Fund Provider of the Year
Horizons ETFs, one of Canada’s largest ETF providers by assets under management, was recognized as Wealth Professional’s 2021 Fund Provider of the Year for its achievements. In the face of the disruptive business impacts of the COVID-19 pandemic, Horizons ETFs increased its assets under management by over $5.8 billion in 2020, representing a 56% growth in assets – the highest 2020 percentage growth of Canada’s major ETF providers. That sizeable 2020 growth followed the federal government’s 2019 ETF- and mutual-fund-related taxation changes, which required Horizons ETFs to undertake a significant ETF restructuring. The subsequent restructuring, which included positive shareholder meetings, media awareness and investor management, resulted in a successful transition for the company’s investors, and they believe it aided in garnering $5 billion in new assets. Since January 2020, Horizons ETFs’ growth and innovation has not slowed down, with several notable ETF launches, including the largest ETF at launch with $1 billion in AUM seed capital. Horizons ETFs has paved the way for the burgeoning psychedelics sector by launching the world’s first psychedelic ETF, as well as offering the world’s first inverse Bitcoin ETF. What’s next for this innovative ETF company? Recent launches, including Canada’s first semiconductor ETF, first hydrogen ETF and first lithium ETF, suggest they’ll continue to lead the Canadian ETF industry with a focus on innovation and spearheading access to new and in-demand asset classes. At Wealth Professional, we look forward to continuing to watch what’s on the horizon for Horizons ETFs.