Horizon lists ETFs which pay trailing fees

The new classes of the ETFs, which listed in Toronto last week, will pay a 75 basis point annual trailing service fee. Horizon is the third Canadian ETF provider to add this feature to its products. "We resisted this move for a long period of time but the fact of the matter is that in the Canadian market place there is a big component of the advisory channel which gets paid service fees on mutual funds or structured products," says Howard Atkinson president of Horizon ETFs in Toronto. "They don't operate a fee-based account model. We heard from these advisers that ‘I love your ETFs bu...