Toronto-based Jovian Capital Corporation and its subsidiary BetaPro Management have announced the filing of a preliminary prospectus for four new Horizons BetaPro exchange traded funds.
Toronto-based Jovian Capital Corporation and its subsidiary BetaPro Management have announced the filing of a preliminary prospectus for four new Horizons BetaPro exchange traded funds.
They are designed to provide daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the S&P/TSX 60 Index, S&P/TSX Capped Financials Index, S&P/TSX Capped Energy Index and the S&P/TSX Global Gold Index.
‘Our four new single inverse ETFs will offer 100% of the opposite daily performance of Canadian benchmarks,’ says Howard Atkinson, president of BetaPro (pictured). ‘Expanding our BetaPro family to 32 ETFs will increase the number of investment solutions available to investors.’
A preliminary prospectus containing information relating to securities of the new Horizons BetaPro ETFs has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada.
Horizons BetaPro Exchange Traded Funds are managed by BetaPro Management.
BetaPro is a subsidiary of Jovian Capital Corporation.
