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CHARLOTTE - Investment solutions provider Horizon introduced three new Exchange Traded Funds (ETFs) on the Chicago Board Options Exchange (CBOE) on Thursday, expanding its ETF lineup that began with two funds launched in January. The ETFs will trade in USD on the CBOE.
The new offerings include the Horizon Core Equity ETF (CBOE:STOX), Horizon Dividend Income ETF (CBOE:DIVN), and Horizon Managed Risk ETF (CBOE:SFTY).
STOX employs a multi-factor active process seeking higher overall volatility than the broad equity market while using tactical put spreads to potentially enhance returns. DIVN focuses on companies with stable dividend histories to provide income and capital appreciation opportunities. SFTY uses Horizon’s proprietary Risk Assist process to adjust market exposure based on volatility signals.
"In conversations with our advisor clients, it became clear there was a gap among tactical approaches to navigating today’s complicated markets," said John Drahzal, President & CEO of Horizon, according to the press release.
Clark Allen, Horizon’s Head of ETFs, stated the new funds address three portfolio challenges: "generating income, mitigating risk, and building a stronger core."
The Charlotte-based firm provides investment and technology solutions for financial advisors. These new ETFs will be available as standalone investment options and as components in Horizon’s model portfolios.
The funds carry various investment risks including potential principal loss, interest rate sensitivity, and options-related risks. Shares are bought and sold at market price rather than net asset value.
This information is based on a company press release statement.
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