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Thackray Newsletter 2018 September

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Disclaimer

Brooke Thackray is a research analyst for Horizons ETFs (Canada) Inc. All of the views expressed herein are the personal views of the author and are not necessarily the views of Horizons ETFs (Canada) Inc., although any of the recommendations found herein may be reflected in positions or transactions in the various client portfolios managed by Horizons ETFs (Canada) Inc. Comments and opinions offered in this website are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed. Horizons ETFs is a member of Mirae Asset Global Investments. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in the Horizons Seasonal Rotation ETF, managed by AlphaPro Management Inc. (the "ETF"). The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The ETF may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the ETF's prospectus. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing.

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