AlphaPro converts tactical bond fund into ETF

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The Horizons AlphaPro Fiera Tactical Bond Fund begins trading on the Toronto Stock Exchange today as an ETF under the symbol HAF.

The fund, originally a closed-end investment fund, was converted and renamed the Horizons AlphaPro Fiera Tactical Bond ETF on 31 December. The ETF offers exposure to the actively-managed Tactical Global Bond ETF Fund. This investment portfolio consists of ETFs on global fixed income markets, including government treasury securities, corporate bonds and high yield debt securities, and may also include inverse ETFs. The conversion of the fund was effected automatically, under terms stipulating that the fund's transfer into an ETF could happen on or after 30 June 2010, but no later than...

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