Horizons ETFs Management (Canada) Inc. has selected CIBC Mellon to provide fund administration, custody and exchange-traded fund (ETF) services for the Horizons family of 38 leverage and inverse ETFs.
This CAD$1.1-billion mandate expands on the asset servicing solutions CIBC Mellon already provides for the Horizons ETFs family of actively managed ETFs.
With the addition of these 38 ETFs, CIBC Mellon now services all of Horizons’ Canadian ETF business.
“We’ve been very happy with the service provided by CIBC Mellon on our actively managed ETF business,” says Kevin Beatson, chief operating officer of Horizons ETFs. “We’re quite happy to transition the rest of our ETF business to their custody and fund administration platforms, and feel our unit holders will be well served by this partnership.”
Horizons ETFs is currently the largest provider of both actively managed ETFs and leveraged ETFs in Canada.
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