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BetaPro Management launches single inverse Horizons BetaPro ETFs

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Jovian Capital Corporation and its subsidiary BetaPro Management have announced the launch of two new Horizons BetaPro exchange traded funds.

Jovian Capital Corporation and its subsidiary BetaPro Management have announced the launch of two new Horizons BetaPro exchange traded funds.

They are designed to provide daily investment results, before fees and expenses, that correspond to one times the inverse (opposite) daily performance of the S&P/TSX 60 Index and the S&P/TSX Capped Financials Index.

They are the first ETFs in Canada to offer single inverse exposure to Canadian equity sectors.

“Given the effectiveness of our existing HBP Bear+ ETFs in the current market conditions, we are pleased to expand our line-up to include single inverse ETFs,” says Howard Atkinson, president of BetaPro (pictured). “These ETFs, with no leverage and less rebalancing required, further expand the strategies in which retail or institutional investors can apply the HBP ETFs in order to meet their individual investment objectives.”

Both the Horizons BetaPro S&P/TSX 60 Inverse ETF and Horizons BetaPro S&P/TSX Financials Inverse ETF begin trading on the TSX on 5 March 2009.

BetaPro expects that the first issuance, listing and trading of units of the Horizons BetaPro S&P/TSX Energy Inverse ETF and Horizons BetaPro S&P/TSX Global Gold Inverse ETF will occur on or about 11 March 2009.

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