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BetaPro Management launches inverse and magnified emerging market ETFs

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Toronto-based Jovian Capital Corporation and its subsidiary BetaPro Management have announced the launch of two new Horizons BetaPro exchange traded funds based on the MSCI Emerging Market

Toronto-based Jovian Capital Corporation and its subsidiary BetaPro Management have announced the launch of two new Horizons BetaPro exchange traded funds based on the MSCI Emerging Markets Index, the first ETFs in Canada to offer inverse and magnified exposure to emerging markets.

The Horizons BetaPro MSCI Emerging Markets Bull Plus ETF is designed to provide daily investment results, before fees, that correspond to two times the daily performance of the MSCI Emerging Markets Index.

The Horizons BetaPro MSCI Emerging Markets Bear Plus ETF aims to provide daily investment results corresponding to two times the inverse of the daily performance of the MSCI index.

‘Many investors have increased their portfolio exposure to emerging markets to capture the above-average growth potential they see,’ says BetaPro president Howard Atkinson. ‘But volatility in these markets remains high and the range of returns across various emerging markets can vary widely. Our new emerging market ETFs can help investors manage their exposure to this important asset class more effectively.’

The two ETFs trade on the Toronto Stock Exchange and are denominated in Canadian dollars. Any US dollar gains or losses as a result of each of these ETFs’ investments will be whenever possible hedged back to the Canadian dollar.

BetaPro Management currently manages the largest product offering of any Canadian ETF provider with some CAD1.8bn in 28 ETFs.

The Jovian group of financial services companies specialising in wealth and asset management (MGI Securities, MGI Securities (USA), Rice Financial Group, BetaPro Management, Horizons Funds, JovFunds Management, JovFunds, JovInvestment Management, Leon Frazer & Associates, T.E. Wealth and Felcom Data Services) has CAD5.8bn in assets under management and CAD9.2bn in assets under administration.

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