HAC.TO - Horizons Seasonal Ro...

Horizons Seasonal Rotation ETF

The fund positions its asset allocation depending on market trends. The actively managed portfolio will consist of equities, fixed income, commodities and currencies during periods that have historically demonstrated favorable economic and seasonal market trends. The fund will consist of ETPs to gain exposure to major North American equity markets (Broad Markets) or to a specific commodity, currency, fixed-income or equity sector located around the globe. The Manager may take long positions, short position, or long/short positions in different securities that that are inversely or directly correlated (pair trade) to the Broad and Sector Markets. HAC may have a significant allocation to fixed-income, cash or cash equivalents in order to react to market conditions or preserve capital.