T.E. Investment Counsel and JovFunds Introduce Prosperity(TM), their Multi-Manager, Multi-Style Funds



    TORONTO, Jan. 21 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
and its wholly-owned subsidiaries T.E. Investment Counsel Inc. ("TEIC") and
JovFunds Management Inc. ("JovFunds") are pleased to announce the launch of
the Jov Prosperity Funds. The Jov Prosperity Funds are four mutual funds that
combine different managers and investment styles to carry out Canadian Fixed
Income and Canadian, U.S. and International Equity mandates.
    TEIC, the manager and portfolio manager of each Jov Prosperity Fund:

    
    -   has, in order to employ a combination of active and passive
        investment styles, retained Addenda Capital Inc. and Canso Investment
        Counsel Ltd. to sub-advise the Jov Prosperity Canadian Fixed Income
        Fund and currently has selected funds managed by TD Asset Management
        Inc.;
    -   has retained Foyston, Gordon & Payne Inc., McLean Budden Limited
        ("McLean Budden") and Fiduciary Trust Company of Canada, to
        sub-advise the Jov Prosperity Canadian Equity Fund and employ Value,
        Core or Growth At a Reasonable Price ("GARP") investment styles;
    -   has retained Sanford C. Bernstein & Co., LLC, and McLean Budden to
        sub-advise the Jov Prosperity U.S. Equity Fund and employ Value or
        Growth investment styles; and
    -   will employ Value and GARP investment styles for the Jov Prosperity
        International Equity Fund by investing in equity markets outside of
        Canada directly or through funds managed by other fund managers.
        Currently TEIC has selected funds managed by Brandes Investment
        Partners & Co. and Mawer Investment Management Ltd.
    

    JovFunds, the administrator of the Jov Prosperity Funds, will assist TEIC
with certain non-advisory management functions. The Jov Prosperity Funds
currently have assets in excess of $425 million and were previously only
distributed to private managed account clients of TEIC.
    "With these funds, we are bringing institutional multi-manager,
multi-style solutions to investors across Canada, providing them with well
diversified portfolios that will participate in all market cycles," said
Steven Belchetz, President of TEIC.
    "These are exceptionally managed, well-established funds that we are
pleased to now make available to Canadian mutual fund investors," said Steve
Hawkins, Managing Partner of JovFunds. "We are delighted to add TEIC to our
strong list of partners."

    For more information:
    Visit: www.jovfunds.com
    Email: info@jovfunds.com
    Call: 1-866-514-6603

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.

    About T.E. Investment Counsel Inc.

    T.E. Investment Counsel (TEIC) provides customized multi-manager,
multi-style investment solutions to both high net worth and institutional
clients. TEIC currently manages in excess of $2.3 billion for its clients.

    About JovFunds Management Inc.

    JovFunds provides innovative investment solutions for Canadians through
the creation, distribution and management of high quality investment products.
JovFunds manages and distributes in excess of $1.2 billion in client assets
and is wholly owned by Jovian Capital Corporation.

    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.





For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; Steven Belchetz, President, T.E.
Investment Counsel Inc., (416) 640-8556; or Steve Hawkins, Managing Partner,
JovFunds Management Inc., (416) 601-2442; Additional information relating to
Jovian is available at www.sedar.com and www.joviancapital.com

Organization Profile

JOVFUNDS MANAGEMENT INC.

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Jovian Capital Corporation

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