Horizons ETFs launches Canada''s first global green bond ETF Horizons ETFs launches Canada''s first global green bond ETF Submitted 02|06|2021 - 3:31pm Horizons ETFs Management (Canada) Inc (Horizons ETFs) has launched the Horizons SP Green Bond Index ETF (HGGB). Shares of the ETF will begin trading today on the Toronto Stock Exchange (TSX) under the ticker symbol HGGB. HGGB is Canada''s first ETF focused exclusively on providing exposure to a portfolio of global green bonds a type of fixed-income instrument that raises capital for projects with specific environmental objectives or benefits. Green bonds carry the same credit rating as their issuers other debt obligations. The green bond market is growing: according to the Climate Bonds Initiative, global green bond and loan issuances reached a new record of USD270 billion in 2020. Since market inception in 2007, there have been over USD1 trillion in cumulative green bond issuances, with European and American institutions among the largest issuers. HGGB seeks to replicate, to the extent possible, the performance of the SP Green Bond US Dollar Select Index, net of expenses.