Horizons ETFs Launches Two Leveraged Japan ETFs

TORONTO, Jan. 13, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the launch of the Horizons BetaPro MSCI Japan Bull Plus ETF ("HPU") and the Horizons BetaPro MSCI Japan Bear Plus ETF ("HPD").

HPU and HPD (known collectively as "the ETFs") will seek to provide Canadian investors with exposure to two times (200%) the daily long and two times (200%) the daily inverse performance, respectively, of the MSCI Japan Index, before fees and expenses. The ETFs do not seek to achieve their stated investment objectives over a period of time greater than one day.

The MSCI Japan Index is a free-float adjusted market capitalization weighted index that aims to track the equity market performance of Japanese securities listed on the Tokyo Stock Exchange, Osaka Stock Exchange, JASDAQ and Nagoya Stock Exchange, and that represents approximately 85% of the free-float market capitalization of Japanese equities.

The ETFs will begin trading tomorrow on the Toronto Stock Exchange (TSX) under the following ticker symbols:

ETF Name

Ticker Symbol

Horizons BetaPro MSCI Japan Bull Plus ETF

HPU

Horizons BetaPro MSCI Japan Bear Plus ETF

HPD

"The MSCI Japan Index has risen more than 20% over the past year," said Howard Atkinson, President of Horizons ETFs. "With the Japanese government stimulating its economy with its so-called 'Abenomics', named after the country's prime minister, Shinzō Abe, Japanese stocks have been attracting more attention from global investors."

HPU and HPD join a diverse family of Horizons BetaPro ETFs, which offer sophisticated investment strategies for experienced investors.

"Our corporate motto at Horizons ETFs is 'Investment Solutions for Every Investor'," said Mr. Atkinson. "We think HPU and HPD are great additions to our line-up of leveraged BetaPro ETFs, providing an opportunity to investors who have high conviction on the direction of Japanese stocks to potentially magnify positive or negative returns from the MSCI Japan Index."

Any U.S. dollar gains or losses as a result of each of the ETFs' investments will be, whenever possible, hedged back to the Canadian dollar.

The ETFs have closed the initial offering of their units and will begin trading on the TSX when the market opens in the morning.

The ETFs use leveraged investment techniques that magnify gains and losses and result in greater volatility in value. The ETFs are subject to leverage risk, aggressive investment risk and price volatility risk, which are described in the ETF's prospectus. Each ETF seeks a return that is either 200% or -200% of the performance of the MSCI Japan Index for a single day.  Due to the compounding of daily returns, an ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of the specified underlying target for the same period. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in the ETFs. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Please read the prospectus before investing.

THE ETFS ARE NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. ("MSCI"), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY THE MANAGER.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange traded funds. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With approximately $4.2 billion in assets under management and 75 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Global Investments Group.

SOURCE Horizons ETFs Management (Canada) Inc.

For further information: Howard Atkinson, President, Horizons ETFs Management (Canada) Inc., (416) 777-5167 or hatkinson@horizonsetfs.com