BetaPro Management Inc. Proposes Change of Investment Objectives for Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bull+/Bear+ ETFs and Horizons BetaPro S&P/TSX Global Mining(TM) Bull+/Bear+ ETFs



    TORONTO, May 21 /CNW/ - BetaPro Management Inc. ("BetaPro"), the manager
of the Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bull Plus ETF, Horizons
BetaPro DJ-AIG(SM) Agricultural Grains Bear Plus ETF, Horizons BetaPro S&P/TSX
Global Mining(TM) Bull Plus ETF, and Horizons BetaPro S&P/TSX Global
Mining(TM) Bear Plus ETF (the "ETFs") announces that it will hold special
meetings of the unitholders of each of these ETFs (collectively,
"Unitholders") on July 24, 2009, to consider changing the underlying index of
the ETFs.
    Currently, the underlying index of the Horizons BetaPro DJ-AIG(SM)
Agricultural Grains Bull Plus ETF and Horizons BetaPro DJ-AIG(SM) Agricultural
Grains Bear Plus ETF (the "HBP Agri ETFs") is the Dow Jones-UBS Grains
Subindex(SM) (formerly called Dow Jones-AIG Grains Sub-Index(SM)), and the
underlying index of the Horizons BetaPro S&P/TSX Global Mining(TM) Bull Plus
ETF and Horizons BetaPro S&P/TSX Global Mining(TM) Bear Plus ETF (the "HBP
Mining ETFs") is the S&P/TSX Global Mining Index(TM).
    At the special meetings of the HBP Agri ETFs, Unitholders of each HBP
Agri ETF will be asked to consider revising the investment objectives of the
HBP Agri ETFs by replacing the Dow Jones-UBS Grains Subindex(SM) with the S&P
Agribusiness North America Index(TM). The S&P Agribusiness North America
Index(TM) is designed to provide liquid exposure to the upstream and
downstream supply chain of the agribusiness sector. The S&P Agribusiness North
America Index(TM) includes some of the largest publicly-traded agribusiness
companies trading on the U.S and Canadian exchanges. To ensure investability,
constituents must have a developed market listing and meet minimum market
capitalization and liquidity requirements. The S&P Agribusiness North America
Index(TM) has a daily market close that is the same as the daily net asset
value calculation of these HBP Agri ETFs, which is expected to be more useful
to investors and foster greater liquidity.
    By moving to an equity based agricultural index, BetaPro believes the HBP
Agri ETFs may benefit from improved market liquidity because public trading of
the equity issuers in the index and exchange will close at the same time.
    At the special meetings of the HBP Mining ETFs, Unitholders of each HBP
Mining ETF will be asked to consider revising the investment objectives of the
HPB Mining ETFs by replacing the S&P/TSX Global Mining Index(TM) with the
S&P/TSX Global Base Metals Index(TM). The S&P/TSX Global Base Metals Index(TM)
is a subset of the S&P/TSX Global Mining Index(TM). The S&P/TSX Global Base
Metals Index(TM) is designed to provide an investable index of global
securities involved in the production or extraction of base metals, other than
gold. To ensure investability, constituents must meet minimum market
capitalization and liquidity requirements.
    The S&P Index Committee, whose members include Standard & Poor's
economists and index analysts, maintains the S&P Agribusiness North America
Index(TM) and S&P/TSX Global Base Metals Index(TM).
    By moving to an exclusive base metals index, investors will receive a
pure play in the sector, compared to the S&P/TSX Global Mining Index(TM) which
included significant weighting to gold. In addition, the S&P/TSX Global Base
Metals Index(TM) has a comparatively smaller underlying basket than the
S&P/TSX Global Mining Index(TM) which BetaPro believes may also result in
improved market liquidity.
    "We are pleased to propose changing the underlying indexes of these ETFs
to S&P Agribusiness North America Index(TM) and S&P/TSX Global Base Metals
Index(TM)," said Howard Atkinson, President of BetaPro. "The proposed changes
are in response to market demand and should in both cases significantly
improve the market liquidity of these ETFs."

    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. Due to the compounding of daily returns, a HBP
ETF's returns over periods other than one day will likely differ in amount and
possibly direction from the performance of the specified underlying index for
the same period. 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.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian Capital Corporation ("Jovian") is a publicly-traded company listed
on the Toronto Stock Exchange (TSX: JOV). 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.




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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Jovian Capital Corporation

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BetaPro Management Inc.

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