Horizons ETFs Management (Canada) Inc. (the "Manager ") announced today a trading halt on the units of the Horizons S&P 500 VIX Short-Term Futures™ Daily Inverse ETF, which trades on the Toronto Stock Exchange under the ticker symbol (" HVI ").

HVI seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to the inverse (opposite) of the daily performance of the S&P 500 VIX Short-Term Futures Index™.

The Manager's decision to halt HVI followed its assessment of the extreme volatility in VIX- futures market that occurred in after-hours market trading yesterday.