Toronto-based Horizons ETFs Management (Canada) Inc. has two new thematic ETFs in cybersecurity and digital health, the firm said in a release on Thursday.
Fund-of-funds Horizons GX Cybersecurity Index ETF and Horizons GX Telemedicine and Digital Health Index ETF invest in U.S.-listed ETF strategies offered by Horizons’ sister company New York–based Global X ETFs. (Both firms are subsidiaries of Mirae Asset Global Investments Co. Ltd.)
The new cybersecurity ETF seeks to replicate the performance of the Indxx Cybersecurity index, net of expenses, by investing primarily in the Global X Cybersecurity ETF. The management fee is 0.45%.
The new digital health ETF seeks to replicate the performance of the Solactive Telemedicine & Digital Health index, net of expenses, by investing primarily in the Global X Telemedicine & Digital Health ETF. The management fee is 0.60%.