Horizons ETFs Management (Canada) Inc. will lower the management fees on certain of its actively managed ETFs, the Toronto-based company announced Tuesday.
The fee reductions on six ETFs will come into effect on Dec. 1. Management fees will drop by as much as 35 basis points.
No changes have been made to the investment objectives, or the appointment of the current subadvisors of these ETFs, as a result of the reduced management fees, Horizons ETFs says in a news release.
“We have strong partnerships with all of our sub-advisors, including ReSolve Asset Management, Forstrong Global Asset Management and Guardian Capital, which manages the portfolios of our suite of equity dividend mandates, says Steve Hawkins, president and CEO of Horizons ETFs, in a statement.
“When we reviewed these six active investment solutions, we determined that we now have sufficient economies of scale to offer these ETFs at a lower management fee, which we think will only enhance the likelihood of these great portfolio management teams being able to generate industry-leading returns.”
Horizons ETFs also announced lower risk ratings for six ETFs.
The list of funds affected by these changes can be found in the company’s news release.