CIBC Mellon now services all Horizons' ETFs 28 March 2014 Toronto Reporter: Georgina Lavers
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Horizons ETFs Management in Canada has selected CIBC Mellon to provide fund administration, custody and 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. Both the technology used by their platform and the client service they offer have been terrific," said Kevin Beatson, COO 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."
"We are committed to great service, strong support and continuous improvement here at CIBC Mellon, and we have enjoyed a very strong working relationship with Horizons—we are very pleased they have again selected us to service their family of funds. We look forward to delivering strong solutions for Horizons ETFs as they continue to expand their business and serve their investors," said Ronald Landry, executive director of ETFs & Investment Funds at CIBC Mellon.
Horizons Exchange Traded Funds is currently the largest provider of both actively managed ETFs and leveraged ETFs in Canada.
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