Horizons ETFs Launch Canada’s First Metaverse Index ETF

MTAV provides exposure to companies enabling the development of the unified, virtual world of the future

TORONTO, November 25, 2021 / CNW / – Management of Horizons ETFs (Canada) Inc. (“Horizons ETFs“) is pleased to announce that it is launching the Horizons Global Metaverse Index ETF (“MTAVShares of MTAV are conditionally approved for listing by the Toronto Stock Exchange (“TSX“) and are scheduled to start trading on November 29, 2021, under the ticker symbol (TSX: MTAV).

MTAV will be Canada’s first index-based exchange traded fund (“ETF“) focused on the emerging metaverse opportunity. MTAV is an index (or passively managed) ETF, which aims to track, as far as possible, the performance of the Solactive Global Metaverse Index (the “Table of contentsThe Index is designed to provide exposure to global, publicly traded companies that may benefit from the adoption and use of technologies that are expected to grow and support the operation of the metaverse.

The metaverse companies in the Index will consist of the following main segments:

  • Augmented / Virtual Reality: Companies engaged in the production of technologies, software and hardware that allow consumers and businesses to interact in immersive expanded realities. This includes the production of wearable devices, specialized optics and displays, as well as audio and sensory equipment. These companies are expected to empower end users to transcend physical spaces and fully immerse themselves in the metaverse.

  • Maker Economy: Companies that provide consumer software tools, social media, and other distribution platforms that allow individual creators to create, share, and transact directly with their consumers. This includes the provision of programs and services used for editing and sharing user-generated content. These companies are expected to unlock the value chain of the creative economy in the metaverse.

  • Digital infrastructure: Companies engaged in the development, operation and distribution of technologies, services and hardware related to network infrastructure, big data, digital platforms and cloud computing.

  • Digital Marketplace: Companies engaged in providing a digital economy, including platforms and services to facilitate virtual interactions and online commerce, as well as the integration of social networking platforms. These companies are expected to play a key role in the digital economy of the metaverse.

  • Gaming: Companies involved in the supply, development, and distribution of technologies, infrastructure, and hardware used to create, stream, and consume online gaming and esports content. This includes the development of online games, the production of game equipment, as well as the provision of services and platforms necessary for the functioning of the gaming ecosystem that is expected to be at the center of the metaverse.

  • Digital payments: Companies engaged in the development, distribution and integration of infrastructure, software and applications related to digital payment services and blockchain technologies. This includes digital payment processes, platforms, including fiat currency “on-ramps” to decentralized financial (DeFi) applications. These companies are expected to provide the payment rails for the metaverse.

The metaverse is the next frontier of human experience and technological innovation. We believe that the metaverse will become an extremely important area for social and economic interaction in the coming decade.” said Steve Hawkins, President and CEO of Horizons ETFs. “Even today, these technologies are reformulating the way we interact with each other, from virtual reality to non-fungible tokens (“NFTsMTAV is the first index-based ETF in Canada to provide direct exposure to the global companies investing heavily in building and expanding the digital worlds encompassing the metaverse.”

ETF name
and Ticker

Investment Objective

Management fee*

Index ETF

MTAV strives, to the extent possible and after deduction of costs, to
the performance of an index seeking exposure to global,
listed companies that could potentially benefit from the
adoption and use of technologies that are expected to grow and the
functioning of the metaverse. Currently, the ETF is trying to
performance of the Solactive Global Metaverse Index, net of
expenses. The ETF aims to hedge any exposure to a US dollar portfolio
always back to the Canadian dollar.


*Plus applicable sales tax.

“Analysts predict the metaverse possibility to at least reach $800 billion of market capitalization by 2024 and that it is likely to grow exponentially from there as more people and businesses integrate into it,” said Mr. Hawkins. “We were also delighted to be working again with our innovative index partner Solactive AG; it required their extensive expertise to build an index that adequately reflects a complex concept like the metaverse. We are confident that MTAV’s exposure to this index will provide Canadian investors with an ideal solution to access the rapid pace of technological innovation and change taking place from this exciting theme.”

MTAV locks the first offer of units to the designated broker tomorrow 9.00 o’clock, November 26, 2021.

For more information about MTAV, visit: www.HorizonsETFs.com/MTAV

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Management of Horizons ETFs (Canada) Inc. is an innovative financial services company offering one of: Canada’s largest suites of exchange-traded funds. The Horizons ETF product family includes a broadly diversified set of solutions for investors of all experience levels to achieve their investment objectives in a variety of market conditions. Horizons ETFs have more than $20 billion of assets under management and 103 ETFs listed on major Canadian exchanges.

Commissions, management fees and charges may all relate to an investment in exchange traded products (the “Horizons Exchange Traded Products”) managed by Horizons ETF’s Management (Canada) Inc. The Horizons Exchange Traded Products are not guaranteed, their values ​​change regularly and past performance may not be replicated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

Certain statements herein may constitute a forward-looking statement, including those identified by the phrase “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts, but reflect the author’s current expectations with respect to future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors undertake no obligation to update any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

The financial instrument is in no other way sponsored, promoted, sold or endorsed by Solactive AG, nor does Solactive AG provide any express or implied warranty or assurance as to the results of the use of the Index and/or the trading name of the Index or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG makes every effort to ensure that the Index is calculated correctly. Notwithstanding its obligations to the Issuer, Solactive AG has no obligation to notify third parties of errors in the Index, including but not limited to investors and/or financial intermediaries of the financial instrument. Neither the publication of the Index by Solactive AG nor the licensing of the Index or the trading name of the Index for use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument, nor does it represent any assurance or opinion of Solactive AG with respect to any investment in this financial instrument.

Neither Horizons ETFs nor Solactive AG shall be liable, conditionally or otherwise, to any person or entity for the quality, accuracy, timeliness and/or completeness of the Index, the data contained in the Index, or for any delays, omissions or interruptions in delivery of the Index or related data. Neither Horizons ETFs nor Solactive AG makes any warranty, express or implied, as to the results that may be obtained by any person or entity in connection with the use of the Index, including without limitation trading or investing in MTAV or in connection with the Index, any data related thereto or any part thereof. Neither Horizons ETFs nor Solactive AG makes any express or implied warranties, and hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data related thereto. Without limiting the foregoing, in no event shall Horizons ETFs or Solactive AG be liable for any special, punitive, indirect or consequential damages (including loss of profits), in connection with any person’s use of the Index, MTAV or any products related thereto. even if advised of the possibility of such damage. Neither Horizons ETFs nor Solactive AG is an advisor on legal, tax, accounting, regulatory or financial matters in any jurisdiction, and does not advise on such matters.

SOURCE Horizons ETFs Management (Canada) Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2021/25/c6988.html

Leave a Comment