BetaPro Management Inc. Files 6 New Horizons BetaPro Exchange-Traded Funds



    TORONTO, May 20 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
and its subsidiary BetaPro Management Inc. ("BetaPro") are pleased to announce
the filing of a preliminary prospectus for six new commodity Horizons BetaPro
Exchange Traded Funds ("ETFs"), including four single beta ETFs. The new
Horizons BetaPro ETFs filed include:

    
               Horizons BetaPro COMEX(R) Silver Bull Plus ETF
               Horizons BetaPro COMEX(R) Silver Bear Plus ETF
                             (the "Double ETFs")
    

    The HBP COMEX(R) Silver Bull+ and Silver Bear+ Double ETFs are designed
to provide daily investment results, before fees, expenses, distributions,
brokerage commissions and other transaction costs, that endeavour to
correspond to two times (200%), or two times (200%) the inverse (opposite),
respectively, of the daily performance of the COMEX(R) silver futures contract
for the next delivery month. The HBP COMEX(R) Silver Bull+ and Silver Bear+
Double ETFs are denominated in Canadian dollars. Any U.S. dollar gains or
losses as a result of each Double ETF's investment will be hedged back to the
Canadian dollar to the best of the Double ETF's ability.
    "We have decided to launch our new Silver Bull+ and Bear+ Double ETFs to
augment our suite of commodity-based leveraged ETFs and provide exposure to
the second most popular precious metal," said Howard Atkinson, President of
BetaPro.
    The remaining new Horizons BetaPro ETFs filed are:

    
                     Horizons BetaPro COMEX(R) Silver ETF
                      Horizons BetaPro COMEX(R) Gold ETF
                   Horizons BetaPro NYMEX(R) Crude Oil ETF
                  Horizons BetaPro NYMEX(R) Natural Gas ETF
                             (the "Single ETFs")
    

    Each Single ETF is designed to provide daily investment results, before
fees, expenses, distributions, brokerage commissions and other transaction
costs, that endeavour to correspond to one times (100%) the daily performance
of its specified underlying index. The HBP COMEX(R) Silver and HBP COMEX(R)
Gold Single ETFs will use the COMEX(R) silver futures contract for the next
delivery month and the COMEX(R) gold futures contract for the next delivery
month, respectively, as its underlying index, and the HBP NYMEX(R) Crude Oil
and HBP NYMEX(R) Natural Gas Single ETF ETFs will use the NYMEX(R) light sweet
crude oil futures contract for the next December delivery month and the
NYMEX(R) natural gas futures contract for the next January delivery month,
respectively, as its underlying index. The Single ETFs are denominated in
Canadian dollars. Any U.S. dollar gains or losses as a result of each Single
ETF's investment will be hedged back to the Canadian dollar to the best of the
Single ETF's ability.
    Mr. Atkinson continued, "Based on the tremendous success of our
single-inverse ETFs, we decided to complement our offerings with our first
endeavour into single beta ETFs, focusing on individual commodities."

    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 two types of
structures: Bull+/Bear+ leveraged 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. BetaPro is
a subsidiary of Jovian Capital Corporation and manages approximately $2.3
billion amongst 32 ETFs as of April 2009.

    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
(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 $12.0 billion of client assets ($6.5 billion in assets under
management and $5.5 billion in assets under administration). Additional
information is available at www.joviancapital.com and www.sedar.com.

    A preliminary prospectus containing important information relating to
these securities has been filed with securities commissions or similar
authorities in all provinces and territories of Canada. The preliminary
prospectus is still subject to completion or amendment. Copies of the
preliminary prospectus may be obtained from your IIROC registered financial
advisor. There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final prospectus has been issued.





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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