BetaPro Management Inc. Announces Changes to Roll Methodology for Two Horizons BetaPro Commodity-Based ETFs



    TORONTO, Sept. 1 /CNW/ - BetaPro Management Inc. ("BetaPro"), manager of
Horizons BetaPro NYMEX(R) Natural Gas Bull Plus ETF (the "HBP Natural Gas
Bull+ ETF") and the Horizons BetaPro NYMEX(R) Natural Gas Bear Plus ETF (the
"HBP Natural Gas Bear+ ETF"), has announced changes to the roll methodology
for the NYMEX(R) Natural Gas futures contracts for these two exchange traded
funds ("ETFs") effective September 8, 2009. The HBP Natural Gas Bull+ ETF and
HBP Natural Gas Bear+ ETF each seek investment results, before fees, expenses,
distributions, brokerage commissions and other transaction costs, that
endeavour to correspond to: two times (200%) the daily performance of, or
negative two times (-200%) the daily performance of, respectively, the
NYMEX(R) Natural Gas futures contract for the next delivery month. These ETFs
represent a liquid benchmark for investors that desire an exposure to NYMEX(R)
Natural Gas futures contracts.
    Futures contracts must be rolled from the specified delivery month to a
subsequent delivery month before the contract requires the holder to accept
delivery of a physical commodity on maturity. In order to roll, the HBP
Natural Gas Bull+ ETF and HBP Natural Gas Bear+ ETF will refer to a primary
futures contract and a secondary futures contract in different weighting over
the period of time the roll is implemented. As contracts reach that delivery
date at the end of the month, the secondary contract for a subsequent delivery
month becomes the primary futures contract. Currently, these ETFs track the
NYMEX(R) Natural Gas futures contract according to the following schedule:

    
    -------------------------------------------------------------------------
    Current                       HBP NYMEX(R) Natural Gas Bull + ETF and
    Month                           HBP NYMEX(R) Natural Gas Bear + ETF
    -------------------------------------------------------------------------
                               Primary Contract           Secondary Contract
    -------------------------------------------------------------------------
    January                        February                      March
    -------------------------------------------------------------------------
    February                         March                       April
    -------------------------------------------------------------------------
    March                            April                        May
    -------------------------------------------------------------------------
    April                             May                         June
    -------------------------------------------------------------------------
    May                               June                        July
    -------------------------------------------------------------------------
    June                              July                       August
    -------------------------------------------------------------------------
    July                             August                    September
    -------------------------------------------------------------------------
    August                         September                    October
    -------------------------------------------------------------------------
    September                       October                     November
    -------------------------------------------------------------------------
    October                         November                    December
    -------------------------------------------------------------------------
    November                        December                    January
    -------------------------------------------------------------------------
    December                        January                     February
    -------------------------------------------------------------------------

    Effective September 8, 2009, the roll dates for the HBP Natural Gas Bull+
ETF and HBP Natural Gas Bear+ ETF will be from the 5th to 12th (inclusive)
trading day of each month in which a roll is made. The allocation between the
primary and secondary futures contracts during a roll for these ETFs going
forward will be as follows:

    -------------------------------------------------------------------------
    Trading Day(s)(1)          Primary Contract           Secondary Contract
    -------------------------------------------------------------------------
    1-4                              100%                          0%
    -------------------------------------------------------------------------
    5                               87.5%                       12.5%
    -------------------------------------------------------------------------
    6                                 75%                         25%
    -------------------------------------------------------------------------
    7                               62.5%                       37.5%
    -------------------------------------------------------------------------
    8                                 50%                         50%
    -------------------------------------------------------------------------
    9                               37.5%                       62.5%
    -------------------------------------------------------------------------
    10                                25%                         75%
    -------------------------------------------------------------------------
    11                              12.5%                       87.5%
    -------------------------------------------------------------------------
    12                                 0%                        100%
    -------------------------------------------------------------------------
    

    The roll dates, as well as the allocation between the primary and
secondary futures contracts, may be changed by BetaPro in its sole discretion
at anytime based on liquidity for the underlying primary and secondary futures
contracts as the primary futures contract's expiry approaches. BetaPro will
usually post the current roll schedule at www.hbpetfs.com on an ongoing basis.
    A trading day is any day on which the NYMEX is open and publishes a
settlement price for the primary and, if applicable, secondary NYMEX(R)
Natural Gas futures contract and on which the Toronto Stock Exchange is open
and publishes closing prices.
    For more information, please visit www.HBPETFs.com.

    About BetaPro Management Inc. (www.HBPETFs.com)

    Horizons BetaPro Exchange Traded Funds ("HBP ETFs") are managed by
BetaPro Management Inc., Canada's sole provider of investment tools allowing
investors to profit when the market is rising or falling, or to reduce their
risk by hedging their existing market exposure. HBP ETFs offer three types of
structures: Bull+/Bear+ leveraged ETFs, single ETFs, and single inverse ETFs.
The HBP Bull+ ETFs and HBP Bear+ ETFs are designed to provide daily investment
results, before fees and expenses, that correspond to double the daily
performance, or double the inverse daily performance, respectively, of their
specified underlying index or benchmark. The HBP Inverse ETFs are designed to
provide daily investment results, before fees and expenses, that correspond to
the one times the inverse of their specified underlying index or benchmark.
The HBP Single ETFs are designed to provide investment results, before fees,
expenses, distributions, brokerage commissions and other transaction costs,
that endeavour to correspond to the performance of their specified underlying
index.
    BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of
August 2009, approximately $2.6 billion amongst 38 ETFs.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian Capital Corporation is a publicly-traded company listed on the
Toronto Stock Exchange. Jovian acquires, creates and grows financial services
companies specializing in wealth and asset management. The Jovian group of
companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds
Inc., JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc.,
Leon Frazer & Associates Inc., MGI Financial Inc., MGI Securities Inc., MGI
Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages
approximately $12.5 billion of client assets ($6.5 billion in assets under
management and $6.0 billion in assets under administration). Additional
information is available at www.joviancapital.com and www.sedar.com.





For further information:

For further information: Howard Atkinson, President, BetaPro Management
Inc., (416) 777-5167; or Don Sangster, Investor Relations, Jovian Capital
Corporation, (416) 933-5744

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