BetaPro Management Inc. Launches More Horizons BetaPro Commodity ETFs



    World's first leveraged and inverse ETFs with exposure to Gold Bullion
    and Mining Stocks

    TORONTO, Jan. 23 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
and its related company BetaPro Management Inc. ("BetaPro") are pleased to
announce the launch of four new Horizons BetaPro Exchange-Traded Funds
("HBP ETFs") covering gold bullion and global mining companies. Similar to the
existing HBP ETFs, the Bull Plus ETFs offer twice the daily performance and
the Bear Plus ETFs offer twice the inverse daily performance of the underlying
benchmark. All four new HBP ETFs will trade in Canadian dollars. However, the
HBP COMEX(R) Gold Bull+ and Bear+ ETFs will offer investors exposure to gold
bullion returns expressed in US dollars, through currency hedging.

    
    The following HBP Commodity ETFs begin trading today:             Symbol

    -   Horizons BetaPro COMEX(R) Gold Bullion Bull Plus ETF             HBU
    -   Horizons BetaPro COMEX(R) Gold Bullion Bear Plus ETF             HBD
    -   Horizons BetaPro S&P/TSX Global Mining(R) Bull Plus ETF          HMU
    -   Horizons BetaPro S&P/TSX Global Mining(R) Bear Plus ETF          HMD
    

    "Gold and the mining companies that extract it and other important metals
have always been a significant segment of Canadian financial markets. Given
the importance to domestic and international investors, we are extremely
pleased to offer four new HBP commodity related ETFs - the first of their kind
in the world - offering leveraged and inverse exposure to gold bullion and
global mining companies," stated Howard J. Atkinson, President of BetaPro.
    "Standard & Poor's indices form the basis of some of the world's most
actively traded index-based products," says Jasmit Bhandal, Director of
Business Development for Standard & Poor's Index Services. "We look forward to
strengthening our partnership with BetaPro for new derivative products based
upon our market leading Canadian indices, most notably the S&P/TSX
Composite(R) family of indices."
    James E. Newsome, President and CEO of NYMEX, said, "NYMEX is proud to
partner with BetaPro and the TSX to introduce these innovative new products.
As the global leader in crude oil, natural gas and gold, NYMEX understands the
value and opportunities for diversified risk management in the growing
Canadian energy and metals markets. We are gratified to work with such
distinguished partners."

    
    Additional HBP Commodity ETFs scheduled to launch
    within the next month:                                            Symbol

    -   Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bull Plus ETF    HAU
    -   Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bear Plus ETF    HAD


    Current Horizons BetaPro ETFs Line Up:                            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 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 S&P/TSX Global Mining(R) Bull Plus ETF          HMU
    -   Horizons BetaPro S&P/TSX Global Mining(R) Bear Plus ETF          HMD
    

    The information above is only a summary of certain aspects of these
investment funds. All Horizons BetaPro ETFs use leveraged investment
techniques that magnify gains and losses and result in greater volatility in
value. All Horizons BetaPro ETFs are subject to active investor risk.
Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments (including ETFs). Mutual funds
(including ETFs) are not guaranteed, their values change frequently and past
performance may not be repeated. Please read the prospectus before investing.
    For further information visit www.HBPETFs.com

    S&P/TSX Disclaimer

    "Standard & Poor's(R)" and "S&P(R)" are registered trademarks of
The McGraw-Hill Companies, Inc. and "TSX(R)" is a registered trademark of the
TSX Inc. These marks have been licensed for use by BetaPro Management Inc. The
HBP ETFs are not sponsored, endorsed, sold, or promoted by Standard & Poor's
or TSX Group and its affiliated companies and neither party make any
representation, warranty or condition regarding the advisability of investing
in the HBP ETFs.

    NYMEX Disclaimer

    NYMEX and COMEX are registered trademarks of New York Mercantile
Exchange, Inc. and Commodity Exchange, Inc and have been licensed by BetaPro
Management Inc. for use by Horizons BetaPro ETFs. Horizons BetaPro NYMEX ETFs
and Horizons BetaPro COMEX ETFs are not sponsored, endorsed, sold or promoted
by New York Mercantile Exchange, Inc. or Commodity Exchange, Inc., and New
York Mercantile Exchange, Inc. and Commodity Exchange, Inc. makes no
representation regarding the advisability of investing in the aforementioned
ETFs.

    About BetaPro Management Inc.

    BetaPro is an innovative Toronto-based financial services company that
provides investment tools to investors which are designed to allow them to
profit when the market is rising or falling, or to reduce their risk by
hedging their existing market exposure. BetaPro currently manages over
$800 million amongst 16 ETFs and 15 mutual funds.

    About Jovian Capital Corporation

    Jovian is a publicly-traded company listed on the TSX (JOV). Jovian is a
management and holding company with interests in a variety of financial
service firms specializing in wealth(*) and asset(xx) management. The Jovian
group of companies operates as a national financial services organization with
approximately $14.4 billion of client assets ($5.4 billion in assets under
management and $9.0 billion in assets under administration).

    
    (*) Wealth management entities include MGI Securities Inc., MGI
        Securities (USA) Inc. and Rice Financial Group Inc.

    (xx) Asset management entities include BetaPro Management Inc., Horizons
         Funds Inc., JovFunds Management Inc., JovFunds Inc., JovInvestment
         Management Inc., Leon Frazer & Associates Inc. and T.E. Wealth.
         Financial corporate service entities include Felcom Data Services
         Inc.
    

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

    
    Media Contacts:

    Caroline Spivak                         Joanne Kearney
    Fleishman Hillard Canada                Fleishman Hillard Canada
    416-645-8185                            416-645-8180
    caroline.spivak@fleishman.ca         joanne.kearney@fleishman.ca
    





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; Additional information relating to Jovian is
available at www.sedar.com and www.joviancapital.com

Organization Profile

BETAPRO MANAGEMENT ETFS

More on this organization

Jovian Capital Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890