Horizons enters partnership with Cadence to launch active ETFs

Nov 22nd, 2017 | By | Category: Equities

Horizons ETFs Management US has entered into a strategic partnership with Cadence Capital Management to develop a series of actively managed ETFs due to launch early in 2018. The first fund will be a US equity strategy that focuses on high-quality companies from the Russell 1000 Index with above average dividend yields.

Horizons enters partnership with Cadence to launch active ETFs

The Horizons ETFs Group now has 235 ETF listings worldwide.

Garrett Paolella, managing director at Horizons US, commented: “Cadence is an industry leader when it comes to factor-driven strategies, and the team has a tremendous amount of experience. Like Horizons US, Cadence is powered by a client-driven ethos and takes pride in building and managing investment vehicles that mitigate risk while providing income.”

Michael Skillman, CEO of Cadence Capital Management, added: “Horizons US has established itself as a leader in options and covered call investing. Together, our firms share a commitment to launching innovative, sophisticated products.”

Horizons US is part of the wider Horizons ETFs Group, which consists of regional subsidiaries in Canada, Korea, Hong Kong, Australia, the US and Columbia. The group has 235 ETF listings worldwide totalling $17.5bn in assets under management.

Horizons US currently offers three ETFs, the Horizons Nasdaq 100 Covered Call ETF (QYLD US), Horizons S&P 500 Covered Call ETF (HSPX US) and the Horizons DAX Germany ETF (DAX US).

Cadence is a subsidiary of Pacific Life Insurance Company and manages around $4.4 billion in assets.

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