BetaPro Management Inc. Launches New Silver ETFs on TSX



    TORONTO, June 30 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
and its subsidiary BetaPro Management Inc. ("BetaPro") are pleased to announce
the listing of two new commodity-based Horizons BetaPro Exchange Traded Funds
("HBP ETFs") on the Toronto Stock Exchange, the Horizons BetaPro COMEX(R)
Silver Bull Plus ETF ("HBP COMEX(R) Silver Bull+ ETF") and the Horizons
BetaPro COMEX(R) Silver Bear Plus ETF ("HBP COMEX(R) Silver Bear+ ETF").
    "As the number of ETF listings in Canada now exceeds 100 exchange traded
funds, Horizons BetaPro is proud to be at the forefront of growth, popularity
and diversity of available ETFs," said Howard Atkinson, President of BetaPro.
    "Given the immense interest in commodities, advisors and investors are
seeking new ways to diversify their portfolios," he continued. "Our new Bull
and Bear COMEX(R) Silver Plus ETFs offer investors a new opportunity to access
+/-200% of the daily performance of the silver futures contract market in a
cost-effective manner."
    The HBP COMEX(R) Silver Bull+ ETF (TSX Ticker: HZU) seeks daily
investment results, before fees, expenses, distributions, brokerage
commissions and other transaction costs, that endeavour to correspond to two
times (200%) the daily performance of the COMEX(R) silver futures contract for
a subsequent delivery month. The HBP COMEX(R) Silver Bear+ ETF (TSX Ticker:
HZD) seeks daily investment results, before fees, expenses, distributions,
brokerage commissions and other transaction costs, that endeavour to
correspond to two times (200%) the inverse (opposite) of the daily performance
of the COMEX(R) silver futures contract for a subsequent delivery month. The
HBP COMEX(R) Silver Bull+ ETF and HBP COMEX(R) Silver Bear+ ETFs are
denominated in Canadian dollars. Any U.S. dollar gains or losses as a result
of these ETFs' investment will be hedged back to the Canadian dollar to the
best of the ETFs' ability.

    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 HPB 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 June 30, 2009, approximately $2.4 billion amongst 38 ETFs.

    About Jovian Capital Corporation

    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 ($6.0 billion in assets under
administration and $6.0 billion in assets under management). 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; or Philip Armstrong, C.E.O., Jovian Capital
Corporation, (416) 933-5752

Organization Profile

Jovian Capital Corporation

More on this organization

BetaPro Management Inc.

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