Jovian Capital Corporation and its related company BetaPro Management have launched the Horizons BetaPro Financials ETFs, the first exchange-traded funds in Canada to offer inverse and mag
Jovian Capital Corporation and its related company BetaPro Management have launched the Horizons BetaPro Financials ETFs, the first exchange-traded funds in Canada to offer inverse and magnified exposure to the S&P/TSX Capped Financials Index.
The Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF aims to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to twice the daily performance of the S Capped Financials Index.
The Horizons BetaPro Capped Financials Bear Plus ETF is designed to provide investment results, before fees and other costs, corresponding to twice the inverse of the daily performance of the Capped Financials Index.
‘Expanding our line-up to include the Canadian financial sector is an important step in offering investors even more tools to help manage their investment portfolios,’ says Howard Atkinson, president of the Horizons BetaPro ETFs division.
The new funds are managed by BetaPro Management, a Toronto-based financial services company that specialises in investment tools designed to allow investors to profit whether markets are rising or falling, or to reduce their risk by hedging their market exposure.
Jovian is a publicly-traded company with interests in various financial service firms specialising in wealth and asset management. The group has approximately CAD14.0bn of client assets, comprising CAD4.9bn in assets under management and CAD9.1bn in assets under administration.
