BetaPro Management Inc. Completes Mergers into Horizons BetaPro ETFs



    TORONTO, Aug. 1 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
and its related company BetaPro Management Inc. ("BetaPro"), the manager of
the Horizons BetaPro Funds ("HBP Funds"), announce that BetaPro has completed
the merger of the following funds into exchange traded funds managed by
BetaPro (the "HBP ETFs"):

    
    -------------------------------------------------------------------------
    Merged HBP Fund                                 Corresponding HBP ETF
    -------------------------------------------------------------------------
    Horizons BetaPro COMEX(R)                       Horizons BetaPro COMEX(R)
     Gold Bull Plus Fund                             Gold Bull Plus ETF
    -------------------------------------------------------------------------
    Horizons BetaPro NYMEX(R)                       Horizons BetaPro NYMEX(R)
     Oil Bear Plus Fund                              Oil Bear Plus ETF
    -------------------------------------------------------------------------
    Horizons BetaPro S&P/TSX 60                     Horizons BetaPro S&P/TSX
     Bear Plus Fund                                  60(R) Bear Plus ETF
    -------------------------------------------------------------------------
    Horizons BetaPro S&P 500                        Horizons BetaPro S&P
     Bear Plus Fund                                  500(R) Bear Plus ETF
    -------------------------------------------------------------------------



    These mergers were reviewed and approved by the funds' Independent Review
Committee and notice of the mergers was provided to the unitholders of the
merging HBP Funds.
    In addition, the following Horizons BetaPro Funds have been terminated:

    Terminating HBP Funds:

    -   Horizons BetaPro NASDAQ-100 Bull Plus Fund
    -   Horizons BetaPro NASDAQ-100 Bear Plus Fund
    -   Horizons BetaPro Canadian Bond Bull Plus Fund
    -   Horizons BetaPro Canadian Bond Bear Plus Fund
    -   Horizons BetaPro U.S. Dollar Bull Plus Fund
    -   Horizons BetaPro U.S. Dollar Bear Plus Fund
    -   Horizons BetaPro COMEX Gold Bear Plus Fund
    -   Horizons BetaPro NYMEX Oil Bull Plus Fund
    -   Horizons BetaPro S&P/TSX 60 Bull Plus Fund
    -   Horizons BetaPro S&P 500 Bull Plus Fund
    

    To find out more regarding the termination, final NAVs or distributions
of the HBP Funds, please contact your dealer.

    Since their inception in January of 2007, the HBP ETFs have reached
approximately $1.75 billion in assets under management. With 28 exchange
traded funds ("ETFs") listed on the Toronto Stock Exchange ("TSX"), BetaPro
has the largest number of ETFs in Canada. In addition, the HBP ETFs have been
some of the most highly traded ETFs on the TSX, accounting for over 
210 million shares traded or nearly 68 % of all ETFs trading by volume on the
TSX for the month of June.
    "We've experienced tremendous growth in our ETFs and have decided to
close our non-ETF line-up to allow us to focus on managing and growing our ETF
business," said Howard Atkinson, President of BetaPro.

    
    All HBP ETFs:                                                   Symbol:
    Horizons BetaPro S&P/TSX 60(R) Bull Plus ETF                    HXU
    Horizons BetaPro S&P/TSX 60(R) Bear Plus ETF                    HXD
    Horizons BetaPro S&P/TSX Capped Financials(R) Bull Plus ETF     HFU
    Horizons BetaPro S&P/TSX Capped Financials(R) Bear Plus ETF     HFD
    Horizons BetaPro S&P/TSX Capped Energy(R) Bull Plus ETF         HEU
    Horizons BetaPro S&P/TSX Capped Energy(R) Bear Plus ETF         HED
    Horizons BetaPro S&P/TSX Global Gold(R) Bull Plus ETF           HGU
    Horizons BetaPro S&P/TSX Global Gold(R) Bear Plus ETF           HGD
    Horizons BetaPro S&P/TSX Global Mining(R) Bull Plus ETF         HMU
    Horizons BetaPro S&P/TSX Global Mining(R) Bear Plus ETF         HMD
    Horizons BetaPro NYMEX(R) Natural Gas Bull Plus ETF             HNU
    Horizons BetaPro NYMEX(R) Natural Gas Bear Plus ETF             HND
    Horizons BetaPro NYMEX(R) Crude Oil Bull Plus ETF               HOU
    Horizons BetaPro NYMEX(R) Crude Oil Bear Plus ETF               HOD
    Horizons BetaPro COMEX(R) Gold Bullion Bull Plus ETF            HBU
    Horizons BetaPro COMEX(R) Gold Bullion Bear Plus ETF            HBD
    Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bull Plus ETF   HAU
    Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bear Plus ETF   HAD
    Horizons BetaPro S&P 500(R) Bull Plus ETF                       HSU
    Horizons BetaPro S&P 500(R) Bear Plus ETF                       HSD
    Horizons BetaPro NASDAQ-100(R) Bull Plus ETF                    HQU
    Horizons BetaPro NASDAQ-100(R) Bear Plus ETF                    HQD
    Horizons BetaPro U.S. Dollar Bull Plus ETF                      HDU
    Horizons BetaPro U.S. Dollar Bear Plus ETF                      HDD
    Horizons BetaPro U.S. 30-year Bond Bull Plus ETF                HTU
    Horizons BetaPro U.S. 30-year Bond Bear Plus ETF                HTD
    Horizons BetaPro MSCI Emerging Markets Bull Plus ETF            HJU
    Horizons BetaPro MSCI Emerging Markets Bear Plus ETF            HJD
    

    For further information visit www.HBPETFs.com

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

    Horizons BetaPro Exchange Traded Funds 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. BetaPro Management currently manages the largest
number of Canadian ETFs, with approximately $1.8 billion amongst 28 ETFs.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(MGI Securities Inc., MGI Securities (USA) Inc., Rice Financial Group Inc.,
BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc.,
JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc.,
T.E. Wealth and Felcom Data Services Inc.) manages $15.0 billion of client
assets ($5.8 billion in assets under management and $9.2 billion in assets
under administration). Additional information is available at
www.joviancapital.com and www.sedar.com

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.





For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Howard Atkinson, President, BetaPro
Management Inc., (416) 777-5167; or Philip Armstrong, Chief Executive Officer,
Jovian Capital Corporation, (416) 933-5752

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Jovian Capital Corporation

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JOVFUNDS MANAGEMENT INC.

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