Businessman check seriously analyzes a finance report investor colleagues discussing new plan financial graph data. bank managers task. Concept business and finance ,Account analyzes planing
yozayo/123RF

Toronto-based Horizons ETFs Management (Canada) Inc. has launched two index ETFs, the investment manager announced Wednesday.

Units of the Horizons Equal Weight Canada REIT Index ETF and the Horizons Equal Weight Canada Banks Index ETF began trading today on the Toronto Stock Exchange under the ticker symbols HCRE and HEWB, respectively.

Introducing RBC iShares

All things ETFs, now in one place. Brought to you by RBC Global Asset Management and BlackRock Canada.

See it to believe it.
RBC ishares

The two ETFs join the Horizons Total Return Index ETF suite, (TRI ETFs) which with these additions totals 14 ETFs. Horizons TRI ETFs use a “total return swap” investment structure, which aims to maximize tax efficiency.

“Since introducing our first TRI ETF in 2010, the Horizons TRI ETF suite has continued to grow, providing investors with tax-advantaged access to an increasing variety of important index strategies from around the world,” Steve Hawkins, president and CEO of Horizons ETFs, says in a statement. “The additions of HCRE and HEWB are made-in-Canada ETFs that provide access to two investing themes popular with Canadians: real estate and Canadian banks.”

HCRE seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada REIT Index (Total Return), net of expenses, while HEWB seeks to replicate  the performance of the Solactive Equal Weight Canada Banks Index (Total Return), net of expenses.